Indian Restaurant & Takeaway In Whitley Bay For Sale

Business description

• Turnover circa £130,000 per annum
• Restaurant and separate takeaway
• Well fitted and equipped
• Established for over 20 years
• New lease available
• LEASEHOLD £65,000

Property information

Property:

Leasehold

Lease terms:

A new full repairing and insuring lease is available for a minimum term of 10 years at an initial rent of £26,000 per annum.

Leasehold rent:

£26,000 per annum

Location:

The business is well located in an established leisure location overlooking the sea front, a short distance from the town centre and Metro station.

Premises details:

The restaurant and takeaway occupy the ground floor of an imposing three storey mid terraced property of brick construction under a pitched slate roof. The upper floors comprise self contained flats with a central entrance door.

The main restaurant has an attractive modern fit out with an external seating area to the front. Internally there is a waiting area and fitted bar at the front opening into the dining area laid out with loose tables and chairs for circa 32 covers.

The takeaway unit (Sagar Express) has its own separate entrance but could be incorporated into the restaurant to provide additional dining areas.

Business Operation

Trading hours:

Monday - Sunday: 17:30 - 11:30