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Property Listing Details

Restaurant/cafe for sale

Merton Road, Ponteland, Newcastle Upon Tyne NE20

  • Business for sale

£35,000

(£42.27/sq. ft)

Property details

Features

  • floor area828 sq. ft
  • Established takeaway business
  • Affluent location
  • Two storey mid-terrace
  • Fixtures and fittings included
  • Alcohol license

Listing view statistics

Last 30 days: 40 page views

Since listed: 656 page views

Description

Summary

The subject business currently trading as Lorenzo's Pizzeria and Takeaway forms part of a three storey mid terrace premises. The business occupies a first and second floor position and the premises benefits from A5 (takeaway) use classification. Internally the property consists of 25 covers, commercial kitchen to the rear fully fitted and is equipped for the trade.

Location

The subject business is located on Merton Road, Ponteland, which lies 8 miles West of Newcastle with convenient links to the A1. The premises occupies a prominent position on Merton Road which lies perpendicular to Thornhill Road. The area benefits from a wide range of services and facilities, together with good levels of footfall and passing trade.

Accommodation

Staircase from ground floor level (occupied by hairdressers) leading to:
First floor

Main sales area, 25 covers, full commercial kitchen to the rear, fully fitted and equipped for the trade.
Nia approximately 36.54sqm.
Second floor

Additional accommodation for covers, male and female W.C. Facilities.
Nia approximately: 40.43sqm.

Total nia 76.97sqm.

Business Details

The business benefits from a weekly turnover averaging around 1,300 per week. Accounts are available on request. The occupier has recently been using takeaway aspect only. When restaurant was in use, takings averaged 2,000 per week.

Lease Terms

The business is held by way of existing lease at 9,000PA (inc VAT) with 20 years remaining.

Rateable Value

The adopted rateable value is 5,700 as of 01 April 2010.
Source:

EPC

We await a copy of the Energy Performance Certificate.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . 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.

Map & Nearby

Local Amenities

  • Newcastle Airport 2.2 miles
  • Wylam 5.9 miles
  • Ponteland Primary School 0.2 miles
  • Richard Coates Church of England School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Newcastle Airport 2.2 miles
  • Wylam 5.9 miles
  • Ponteland Primary School 0.2 miles
  • Richard Coates Church of England School 0.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Pattinson - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information.