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Takeaway for sale

Merton Road, Ponteland, Newcastle Upon Tyne, NE20

40 sq. m. | £35,000

Property Description

Commercial information

  • Business for sale
  • 435 sq ft (40 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • Established Business
  • 1st and 2nd Floor
  • Alcohol License
  • Affluent Location
  • Equipped For The Trade
  • Takeaway Use Classification

Full description

The subject business currently trading as Lorenzo's Pizzeria and Takeaway forms part of a three storey mid terrace premises. The business occupies a first and second floor position and the premises benefits from A5 (takeaway) use classification. Internally the property consists of 25 covers, commercial kitchen to the rear fully fitted and equipped for the trade. The premises also benefits from a liquor licence.

LOCATION:
The subject business is located on Merton Road, Ponteland which lies 8 miles West of Newcastle with convenient links to the A1. The premises occupies a prominent position on Merton Road which lies perpendicular to Thornhill Road. The area benefits from a wide range of services and facilities together with good levels of footfall and passing trade.

ACCOMMODTION:
First and second floor takeaway/restaurant premises:

Staircase from ground floor level leading to:

First Floor: Main sales area, 25 covers, full commercial kitchen to the rear, fully fitted and equipped for the trade. NIA approximately: 36.54m2 (393.32ft2).

Second Floor: Additional accommodation for covers, male and female W.C facilities. NIA approximately: 40.43 (435.20ft2).

RATEABLE VALUE:
We have been advised by the occupier, that no business rates are payable due to small business rates relief.

BUSINESS DETAILS:
The business benefits from a weekly turnover averaging around 1,300 per week. Accounts available on request.

The occupier has recently been using takeaway aspect only. When restaurant was in use, takings averaged 2,000 per week.


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