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COMMERCIAL

Waterloo Street, Newcastle upon Tyne, Tyne and Wear, NE1 4DG

£16,995
Pattinson Estate Agents, Commercial
PROPERTY TYPE

Restaurant

SIZE

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Key features

  • A5 hot food takeaway
  • Assignment of 15 year lease
  • Excellent city centre location
  • Fixtures and fittings included
  • 24 hour cold food licence
  • Selling due to relocation

Description

We are pleased to offer the opportunity to purchase the lease on this two storey A5 hot food takeaway unit, excellently located on Waterloo Street, Newcastle city centre. The unit consists of window frontage seating areas, service counter, kitchen, preparation areas, staff facilities and storage provision spread across ground floor and basement accommodation. All fixtures and fittings are to be included in the sale. The vendor is selling due to relocation and expansion.

Location

The subject property is located within Waterloo Street, a mixed use area within Newcastle City Centre toward the Central Station and near to the Centre for Life. The location has a number of exclusive apartment developments together with a variety of business and leisure based premises, making this a vibrant and busy location.

Accommodation

GROUND FLOOR
Main sales area: 50.75sqm

BASEMENT
Storage space: 53.01sqm

NIA 103.76sqm (1,117sqft)
Sizing sourced from VOA.

Lease Details

The property is let on a 15 year lease commencing 1st October 2017 at a rent of 15,000 per annum. Full lease details can be provided upon serious enquiry.

Business Details

The current business occupying the property is run as a burger restaurant, and producing an average gross weekly takings of 5,500. Approximately 30% of this is retained as net profit. The property benefits from a 24 hour licence to sell cold food (hot food until 11pm) and provides 20 covers. All fixtures and fittings are to be included in the sale.

Rateable Value

The adopted rateable value is 6,500 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.

Brochures

Brochure

Waterloo Street, Newcastle upon Tyne, Tyne and Wear, NE1 4DG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newcastle Central Station0.2 miles
  • St James Station0.3 miles
  • Manors Station0.7 miles

About the agent

Pattinson Estate Agents, Commercial

Kingfisher Way, Silverlink Business Park, Wallsend, NE28 9NY

Pattinson Estate Agents, Commercial

Our agency team actively deal with all aspects of commercial property in both the private and public sectors and provide specialist advice in terms of all commercial property types including development and investment properties. Our principal activities include dealing with the acquisition or disposal of land and property, as well as providing appraisals. We also act as an agent during a sale or acquisition and can carry out contract negotiations between landlords and tenants.

The tea

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Industry affiliations

Royal Institute of Chartered Surveyors

Notes

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Disclaimer - Property reference 331466. 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.

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