Key features
- Restaurant for sale
- Total size of 193.9m² (2,087ft²)
- Newcastle city centre location
- EPC Rating D99
- 110 cover restaurant
- May be suitable for a variety of uses STPP
- Bus stops within 470ft
- 0.2 miles from Central Train and Metro Stations
- 140 yards from A186
- 0.2 miles from A167(M) and Tyne Bridge
Description
LOCATION
The property is located on Pudding Chare, next to Bigg Market in the heart of the Newcastle City Centre. Bigg Market is a popular retail and leisure location whilst also providing access to other high profile destinations including Collingwood Street, High Bridge, Grey Street and The Gate. Pudding Chare has a high footfall as it links Bigg Market with Collingwood Street (A186).
Nearby retail and leisure occupiers include Tattoo Temple, Mog on the Tyne, Dog and Stone and Mimo and Best One.
The property is easily accessible by road and public transport with bus stops within close proximity and Central Train and Metro Station and Monument Metro Stations are both 0.2 miles away.
DESCRIPTION
The property is situated on the lower ground floor of a three storey mid-terraced property with a pitched slate roof.
The property comprises of a 110 cover restaurant to the lower ground floor with a bar and seated waiting area at the entrance. The property also benefits from open plan dining area, a fully fitted commercial kitchen, a store with walk-in fridge and w/c facilities.
PREMISES LICENCE
The property benefits from a premises licence for the sale of alcohol 11am-12am Monday to Saturday and 12pm-11.30pm on Sundays. A copy of the licence is available on request.
ACCOMMODATION
Total |
193.9m² |
2,087ft² |
EPC RATING
D99
RATING ASSESSMENT
Description |
RV |
Estimated Rates Payable |
Restaurant and Premises |
£24,250 |
£12,100.75 |
We are advised that the rateable value of the premises as at 1 April 2017 is £24,250 and we have estimated the actual rates payable for the current year above. 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.
TERMS
The long leasehold of the property is available for offers in excess of £300,000 (Three Hundred Thousand Pounds. The long leasehold is held for a term of 999 years from 27th June 1989 at a peppercorn rent.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
VIEWING
For general enquiries and viewing arrangements please contact Bradley Hall.
Tel: 0191 232 8080
Email: [email protected]
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