Restaurant for sale

Nuns Moor Road, Newcastle upon Tyne, Tyne and Wear, NE4 9AX

Under Offer £40,000
679 sq. ft.

Property Description

Commercial information

  • 679 sq ft (63 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Cafe business for sale
  • Traditional English tea room
  • Established for over 30 years
  • Intimate seating and serving area
  • Rent is 7,000 per annum
  • Accounts available upon serious enquiry

Full description

We are pleased to offer to the market this successful cafe business for sale, prominently located along Nuns Moor Road in Fenham, Newcastle upon Tyne. The business, known as The Oven Door, has been established for over thirty years and is only being made available due to retirement. The Oven Door sells traditional English meals from the ground floor premises with light window frontage and intimate seating areas, serving counter area, commercial kitchen and toilets.


Location 
The Oven Door is located within in a ground floor unit, in a prominent building situated on a prominent corner site at the junction of Nuns Moor Road and Wingrove Road. It is in the well established and built up area of Fenham, approximately 3 miles west of Newcastle city centre, provided with a wide variety of services and facilities closeby. The area has a large multicultural population as a customer base, as well as significant passing trade to continue the business in its present form and to develop further.

Accommodation 
GROUND FLOOR Main restaurant: 46.1sqm Serving counter: 7.0sqm Kitchen: 10.0sqm NIA 63.1sqm (679sqft) EXTERNAL Shared rear yard External storage: 29.0sqm

Business Details 
The subject business is an established cafe/tea room trading as 'The Oven Door'. Our clients have successfully built up and ran this business for over thirty years, and only make it available to the market due to retirement. The business currently operates from 8.30am to 5pm Monday to Friday, focusing on traditional English breakfasts and meals with a commitment to serving freshly prepared and cooked dishes. The trading figures demonstrate an excellent gross turnover to net profit ratio and provides significant scope to improve by extended opening days and hours. Accounts can be made available upon serious request.

Lease Terms 
The property is let on a renewable FRI lease at a current rent of 7,000 per annum, commencing November 2017.

Rateable Value 
The adopted rateable value is 7,100 as of 1st April 2017. Sourced from VOA.

EPC 
Available upon request.

Additional Information 
For further information please contact our office direct on 0191 737 1154, 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

  • Newcastle Central (1.5 mi)
  • MetroCentre (1.6 mi)
  • West Jesmond (1.7 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

  • Newcastle Central (1.5 mi)
  • MetroCentre (1.6 mi)
  • West Jesmond (1.7 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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