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Newcastle City Centre Vacant Unit Previous Use As A Restaurant Just Off Bigg Market

Newcastle Monmouthshire
Just off the Bigg Market in Newcastle centre this vacant unit provides a variety of opportunities.Previously a restaurant with an alcohol license the new tenant can either go down a similar route or alternatively change the use as there is an A5 license.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 29769
ADVERT IMPRESSIONS : 15,637 TIME(S)

 
BUSINESS SECTOR: Catering
TRADE TYPE: Restaurants
SALE: Agent Sale
 

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BUSINESS DETAILS:

* Substantial vacant unit formerly used as a restaurant
* Ideal location in the heart of the notorious Bigg Market
* Surrounded by complementary businesses and flats
* Previously had an A5 and alcohol license in place
* Favourable lease and rents to be negotiated


SITUATION
The shop unit is ideally located on Pudding Chare which is surrounded by residential units and complementary businesses. The unit is in close proximity to the central train station and around the corner from the Bigg Market which is notorious for its business nightlife.

BUSINESS
The substantially large unit is to be sold with vacant possession. The property was formerly used as restaurant with an American Diner theme however it would be ideal for a variety of different uses.

The ground floor could easily accommodate up to 100 covers and has wood laminate flooring throughout. The vendor is willing to assist to new tenant with the refurbishment of the restaurant. There is a male and female toilet as well as disabled facilities.

The kitchen is on the basement level and will need to be fitted. The kitchen has a large extractor fan already installed but no other equipment is provided. With in the basement there are several rooms which have been utilised as store rooms, offices, wash and prep rooms and a beer store.

EXTERNALLY
Parking is limited but there are a variety of pay and display options in the local vicinity.

TRADING HOURS
The business is currently not operating.

FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright.

LICENSES
We are advised that the property has previously had a full premises license to allow the sale of alcohol together with an A5 license to allow the sale of hot food both on and off the premises. It is advised that any potential tenant should check the license with the council.

TENURE
The property is leasehold and has a private landlord. The landlord is open to negotiations on the rent and will discuss a lease length to suit the new tenants.

RATES
The rateable value of the premises is £13,250 with the rates payable for 2008/2009 being approximately £5,830.

SERVICES
We understand that the property has all mains services.

VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.


MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.
   
  FOR SALE
   

REFERENCE:

1722 / RightBiz
   
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