Takeaway for sale63-65 Park Road, Wallsend, NE28 6RA
Guide Price* £115,000
- A5 Takeaway Licence
- End of Terrace
- Freehold Title
- Going Concern
- First Floor Flat Let
- Established Position
COMMERCIAL CONDITIONAL AUCTION: STARTING BID £115,000
The subject property is a end of terrace A5 takeaway premises with residential accommodation above. Internally, the ground floor takeaway current trading as 'Park Fisheries' is full fitted and equipped for the trade. The premises offers an excellent opportunity to purchase the freehold title along with the going concern with notable average weekly takings. The first floor residential accommodation is currently let on AST terms at £520 per calender month.
The subject premises is located within Park Road, Wallsend in the vicinity of High Street East and West. The area is significant and well established retail and commercial shopping centre servicing a sizeable local population and surrounding communities within North Tyneside.
Two storey end of terrace premises comprising;
Access from street level leading to;
GROUND FLOOR: A5 hot food takeaway premises, traditional shop window frontage with signage. The premises is fully fitted and equipped for the trade and also houses 20 covers.
Total NIA approximately: 70.3m2 (756.73ft2).
FIRST FLOOR: Separate access leading to three bedroom living accommodation. This accommodation is currently let on AST terms at £520 per calender month.
The property is due to be assessed in accordance with the Energy performance of non Domestic Property legislation.
The subject is offered on FREEHOLD title. Title Number: TY66223.
The adopted rateable value being £3,100 as effective form 01 APRIL 2010. Source www.voa.gov.uk.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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