Takeaway for sale

53-54 Rudyerd Street, North Shields, NE29 6NF

Sold STC 93 sq. m. | £89,000

Property Description

Commercial information

  • 1,001 sq ft (93 sq m)

Key features

  • Tenanted Investment
  • Hot Food Takeaway
  • Income 11,440 Per Annum
  • Two Storey Terrace
  • Town Centre Location

Full description

Tenure: Freehold

FOR SALE BY AUCTION, TENANTED INVESTMENT

The subject property is a two storey end terrace hot food takeaway offered for sale by auction as a tenanted investment. The property is occupied by 'Prawn Cracker', a Chinese cuisine business. We are advised that the lease terms are for a period of 12 years from 31 October 2014 at a passing rent of 11,440 per annum, subject to rent reviews every third anniversary.

LOCATION
The subject property is located within Rudyerd Street, a mixed use location of mainly housing and retail premises, within North Shields town centre in Tyne and Wear. The location is a main retail centre on the North East coast serving a sizeable population in and around North Tyneside around nine miles east of Newcastle city centre.

ACCOMMODATION
GROUND FLOOR
Traditional shop window frontage
Main sales area: 16.4m2
Kitchen: 24.6m2
W.C.
Garage/store: 29m2

FIRST FLOOR
Landing
Room one: 7.6m2
Room two: 18.7m2
Room three: 16.2m2
Kitchen: 9.9m2

NET INTERNAL AREA: 93.4m2 (1005.3sqft).

TENURE
Freehold. Title number TY185191.

RATEABLE VALUE
The adopted rateable value is 2,075 as effective from 01 APRIL 2010.

EPC
We currently await a copy of the Energy Performance Certificate.

VAT
We are advised that VAT is not payable on this transaction.

AUCTION INFORMATION
The subject property is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of 3,600. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (650 plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

Nearest stations

  • North Shields (0.3 mi)
  • Meadow Well (0.8 mi)
  • South Shields (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • North Shields (0.3 mi)
  • Meadow Well (0.8 mi)
  • South Shields (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1130. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 4251507.


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