13 London Road, Newcastle, ST5 1LQ

Summary

A period mid terraced restaurant premises of brick elevations with pitched and flat roof coverings having been extended to the rear. The property has a long-established reputation as a restaurant with the
previous owners having operated a successful British bistro for over 22 years. The rent will include the fixtures and fittings, which principally includes the kitchen equipment, extraction system, steel canopy, fryers, bar equipment and the furniture, generating a ‘turn-key’ opportunity for the new tenant to continue to operate the existing business for nil premium. The property is tastefully decorated and recently renovated to include replacement windows, flat roof and fire doors.
Note: The equipment will be passed over to the ingoing tenant on a ‘repair and replace’ basis.

Key Points

Services

Mains gas, electric, water and drainage are connected. Gas fired central heating installed throughout. No services have been tested by the agents.

Tenure

Available by way of a new Full Repairing and Insuring lease for a minimum of 3 years and with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease.

Anti Money Laundering Regulations

In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.

Business Rates

Rateable Value: £6,900
Rates Payable: £3,443.10 pa (25/26)
Note: If you qualify for Small Business Rates Relief you should be entitled to a 100% rates payable exemption.

VAT

The rent is not subject to VAT.

Location