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Close to Tesco Extra, Sunderland Gateway Retail Park & The Stadium of Light
Prominent Corner Position
Ground Floor Area 119.95 sq m (1,291 sq ft)
Fully Fitted and Equipped Premises
Beneficial A3 Consent
Potential to Increase Opening Hours & Covers to 60-70
Passing Rent £11,000 per annum
Premium Offers Over £25,000
The property is located on North Bridge Street immediately to the north of Sunderland city centre very close to the River Wear and Wearmouth Bridge. The property fronts the A1018 which is one of the busy arterial routes into Sunderland from the north. The property benefits from a good amount of sustained passing traffic with bus stops outside of the property and St Peters Metro Station within a two-minute walk.
The local area is one of mixed uses with a number of industrial/warehouse occupiers nearby in addition to car showrooms, the Stadium of Light, Tesco Extra among others. Contained within the industrial estate to the rear of the subject property are occupiers including Direct Van Hire and Topps Tiles amongst other national and regional industrial occupiers.
This business was established by our client in 2016 and has been placed on the market as they wish to consider another opportunity.
The business is run as an Asian Fusion Restaurant and Grill with an extensive menu and offers a collection and delivery service. The business benefits from a Tripadvisor rating of 4.5 out of 5 based on circa 231 reviews (as of October 2017).
The area receives a generous amount of passing trade and this is a fantastic opportunity for a restaurant operator to increase trading hours and covers from 46 to circa 70 and truly benefit from the location and potential offered by the premises.
A3 Restaurant - 79.25 sq m (853 sq ft) Kitchen - 28.10 sq m (1,291 sq ft) Storage - 12.60 sq m (136 sq ft) WC Facilities
Total - 119.95 sq m (1,291 sq ft)
Current trading hours
Tuesday - Saturday: 5:30pm to 10:30pm
Fixtures & fittings
A full inventory will be made available prior to exchange of contracts.
We understand that the premises have a rateable value of £9,600 effective from 1st April 2017. Under current government legislation, Small Business Rate Relief would result in no rates being payable (subject to eligibility).
It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.
We understand that the premises are held on a 14-year efri lease from November 2016 at passing rent of £11,000 per annum. A copy of the lease is available to seriously interested parties and it is recommended that these parties seek their own legal advice in this regard.
Turnover is confidential. Further financial details are available to seriously interested parties after viewing.
We understand that the property has an energy performance rating of 56 within Band C.
Each party to be responsible for their own costs incurred in this transaction.
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.
For general enquiries and viewing arrangements please contact sole agents Graham S Hall Chartered Surveyors
For more information about this property, please contact Graham S Hall Chartered Surveyors, DH1 on +44 191 392 0630 * (local rate)
Contact Graham S Hall Chartered Surveyors about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Graham S Hall Chartered Surveyors, and do not constitute property particulars. Please contact Graham S Hall Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.