Lease & Assets Sale for Successful Restaurant in Tyne and Wear

South Shields, Tyne and Wear
REF: S07988

Asking Price:
£15,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: S07988
Photo of Lease & Assets Sale for Successful Restaurant in Tyne and Wear
Photo of Lease & Assets Sale for Successful Restaurant in Tyne and Wear
Photo of Lease & Assets Sale for Successful Restaurant in Tyne and Wear
Photo of Lease & Assets Sale for Successful Restaurant in Tyne and Wear

Overview

Tenure:
Leasehold
Established:
TBC
  • Huge potential for growth
  • Spacious premises
  • Equipment included

This is a lease and assets sale for a ground floor restaurant in a fantastic location in South Shields, Tyne and Wear.

The vendor is looking for a one-off £15,000 premium for all assets and equipment and then a further £15,000 per year for lease of the property. The current owner is very happy to offer a lease contract for a period of 5-10 years.

The lessee will then be able to use the restaurant as desired and serve any culinary cuisine. There is a Thai restaurant upstairs, so it may be beneficial if the lessee wanted to serve something different.

The ground floor premises have all key things in place but could do with a little time and money to refresh the property.

The restaurant is based in a convenient spot in a residential area of South Shields, Tyne and Wear, with nearby car parking, excellent transport links, and high passing footfall. Due to this excellent location, there should be a steady flow of custom from locals.

A few kitchen appliances will be included in the one-off £15,000 premium, which includes a ventilation system, commercial ovens, fridge/ freezer and a variety of tables and chairs.

The restaurant has a fantastic, ground floor location in a residential area of South Shields, Tyne and Wear and is close to car parking, good transport links and has high passing footfall. This should ensure a steady flow of trade from local customers for the restaurant.

Upon entry, you step into the main restaurant, with a large seating area to the right. Guest WCs and the kitchen are located to the left of the property.

A few kitchen appliances will be included in the one-off £15,000 premium, which includes a ventilation system, commercial ovens, fridge/ freezer and a variety of tables and chairs.

The ideal lessee would be someone looking for a successful and working restaurant premises with a fantastic location. The lessee would have complete flexibility over the cuisine served.

Features

Online Presence

Website: NA

Location

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  • Nearby Car Parking

Property

Annual Rent
£15,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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