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.
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.
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.
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.
The business is held by way of existing lease at 9,000PA (inc VAT) with 20 years remaining.
The adopted rateable value is 5,700 as of 01 April 2010. Source:
We await a copy of the Energy Performance Certificate.
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.
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