St Bedes, East Boldon, NE36

LOCATION
East Boldon comprises an affluent residential commuter village in the North East region between Sunderland and South Shields, together with the neighbouring high amenity value villages of Cleadon and Whitburn.The property is situated just off the A184, surrounded by a cluster of retailers and the established East Boldon leisure circuit. The property is within easy access of local facilities, amenities and public transport links including the East Boldon Metro which connects with Sunderland & Newcastle upon Tyne City Centres.

DESCRIPTION
The subject business is a two story Italian restaurant located on St Bedes. The premise consists of restaurant, kitchen, washroom and 2 x WCs to the Ground Floor which hosts 35 covers. The First Floor has an open plan aspect and hods 60 covers. Externally the business has allocated bays.

ACCOMMODATION
Ground Floor: 73.9m2 (795 ft2)
First Floor: 53.3m2 (574 ft2)
NIA: 127m2 (1369 ft2).

BUSINESS DETAILS
We are advised that the business currently employs 3 x full time and 2 x part time members of staff.

TENURE
Leasehold
By way of an assignment of current lease terms.
Available by way of Assignment of Lease at a Guide Price of £50,000 (Fifty Thousand Pounds).

LEASE DETAILS
Name Rent PCM Rent PA
2 St Bedes £1,333.33 £16,000
2a St Bedes £666.67 £8,000
Total £2,000 £24,000

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is£10,500 and the estimated rates payable for the current year is £5,145. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

EPC RATING
We are currently awaiting EPC.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS
Each party is responsible for their own legal costs.

ANTI_MONEY LAUNDERING REGULATION
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

FURTHER INFORMATION
For all enquiries and viewing arrangements please contact Michael McGhin at our Sunderland Office.
Tel:
Email: .