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Adriano's Restaurant, 90 High Street Gosforth, Newcastle Upon Tyne, United Kingdom, NE3 1HB

£1,500,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • Well Established Business in Prime Location
  • Central Location with Good Footfall
  • 200+ Covers
  • Recently Refurbished & Immaculately Presented
  • Annual Turnover c.£1M
  • Fully Licensed - EPC Rating D
  • Christie & Co Ref: 6467081

Description

Description

Adriano's is a well-established restaurant, bar and café, operating out of a large freehold property in central Gosforth.

Recently refurbished throughout to an extremely high standard, the property is one of Gosforth's most popular restaurants and bars. With an alley entrance directly off Gosforth High Street, the property expands to the rear and comprises of three floors with multiple dining, bar and terrace areas.


For more information, please click the link to the dedicated business website - Adriano's Fortuna

This well-established business has been trading successfully for many years with the owners now looking to retire.

Location

Adriano's sits in the retail and commercial heart of Gosforth, one of Newcastle-upon-Tyne’s most popular and desirable residential neighbourhoods.

Perfectly located on Gosforth High Street, just two miles from the centre of Newcastle, the restaurant is surrounded by a fantastic selection of shops, cafes, pubs, bars and restaurants.

Well established transport links offer plenty of routes within the local area and beyond.

Internal Details

Terrace Bar & Grill
Covered and heated outside area to the front of the restaurant. Seating and standing for c.80 guests.

Lounge Bar
Located at the entrance of the property, this well presented and welcoming bar hosts live music, DJ's. Seating and standing for c.30 guests.

Restaurant & Lounge Bar
Recently refurbished with open wood burning pizza oven. This is the heart of the restaurant with seating for c.100 guests.

The Olive Grove
A Mediterranean gem! A lovely covered and heated outdoor Olive Grove. Great for a quieter dining experience, larger groups or private dining. Seating for c. 36 people.

Function Room
A unique and elegant event space perfect for business meetings, private dining, weddings and other special events. Located on the first floor, the room has capacity for 40 guests seated and overlooks the front courtyard area with its own bar.

Adriano's Deli & Kitchen
Located on Gosforth High Street, the deli is a local favourite. Serving premium coffee, a full deli food menu with a Sardinian twist, breakfasts, wine and beers, cakes and pastries. This is a great place to people watch from inside, or unwind on the Fortuna Terrace.

* Please not that the Deli property is NOT part of the freehold title and sale. Adriano's Deli is a separate leasehold premises and may be available by negotiation.

Ground Floor

The ground floor comprises of various trading areas, commercial grade kitchen, storage facilities and WC's.
Total restaurant floor area is c.5465sq.m (5005sq.ft)

Other Floors

The first floor comprises of a private function room with bar and WC's.
Total floor area c.112sq.m (1213sq.ft)

The second floor comprises of an office, store room and WC.
Total floor area c.53sq.m (571sq.ft)

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

The Opportunity

Adriano's Fortuna presents an excellent opportunity for an owner operator, multi or regional operator to take over a long established business in the heart of Gosforth. With an excellent reputation, repeat and new customers, the owners leave behind a solid foundation for an incoming operator to build on.

Its enviable location means it appeals to a variety of clientele and benefits from year-round trade.

Trading Information

Accounts are available on request from serious buyers.

Trading Hours

Monday - Thursday
12.00pm to 9:30pm

Friday & Saturday
12.00pm to 10:30pm

Sunday
Closed

Deli Trading Hours
Monday - Saturday
8.00am to 5.00pm

Sunday
Closed

Business Rates

The Rateable Value is £63,500 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the Local Authority.

Regulatory

Two Premises Licenses: 1x Drinks only, 1x Drink and Food

Energy Performance Certificates

EPC 1

Brochures

Adriano's Restaurant, 90 High Street Gosforth, Newcastle Upon Tyne, United Kingdom, NE3 1HB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • South Gosforth Metro Station0.3 miles
  • Iford Road Tram Stop0.4 miles
  • Regent Centre Metro Station0.7 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6467081-fh. 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 Christie & Co, Pubs & Restaurants. 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.

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