Restaurant for sale

Raby Cross, Byker, Newcastle upon Tyne, Tyne and Wear, NE6 2FF

£10,000
710 sq. ft.

Property Description

Commercial information

  • 710 sq ft (65 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • Business for sale
  • Indian takeaway
  • Well presented dining area
  • Large kitchen
  • Fixtures and fittings included
  • Prominent corner position

Full description

We are pleased to offer to the market this Indian takeaway business for sale known as 'Spice Kingdom', located on Raby Cross, Byker. The property has a large well presented seating/dining area as well as a large preparation room to the rear. Fixtures and fittings are to be included in the business sale and accounts can be made available upon request.


Location 
The property is located in a prominent corner position on the end of Raby Cross, Byker, Newcastle upon Tyne. This is a densely populated residential estate and form part of a small shopping area with the benefit of pull in parking.

Accommodation 
GROUND FLOOR Dining/service area: 33sqm (355sqft) With tables and chair, service counter and sofas. Kitchen: 33sqm (355sqft) With gas burner stove, tandoori oven, hot plate, pizza oven, bain marie, kebab stick, grill, extraction system, fryers, sink unit, worktops, fridge freezer and microwave. W.C. NIA approx. 66sqm (710sqft) Mains electricity, water and sewerage services are connected to the property.

Lease Terms 
The property is currently held on a 25 year local authority lease from 2016 at a rent of 5,100 per annum.

Business Details 
The business is known as 'Spice Kingdom', an Indian takeaway. The current menu is purely geared towards Indian cuisine but it is quite broad and incorporates elements of Italian and Lebanese cuisine. The menu could be expanded further by a new owner if required. The majority of the trade is collection but there is a delivery element and there is further scope to develop this side of the business by subscribing to networks such as Just Eat or Hungry House. Spice Kingdom is open every day from 5pm - 11.30pm, but we have been informed that the premises can trade from 11am. The business is run by the owner with the help of family members. With regards to fixtures and fittings, these are included and a full inventory would be made available prior to an exchange of contracts.

Rateable Value 
The adopted rateable value is 3,200 as of 1st April 2017. Sourced from VOA.

EPC 
Available upon request.

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

Additional Information 
For further information please contact our office direct on 0191-425-1507, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

More information from this agent

Nearest stations

  • Byker (0.3 mi)
  • Chillingham Road (1.0 mi)
  • Manors (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

  • Byker (0.3 mi)
  • Chillingham Road (1.0 mi)
  • Manors (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.

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