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Prominent Restaurant, 13 London Road, Newcastle under Lyme, ST5 1LQ

1,127 Sq Ft / Leisure / Restaurants / Cafes

For Sale - £160,000.00

Available - Last updated: 19 November 2024

GENERAL DESCRIPTION 

A period mid terraced restaurant premises of brick elevations with pitched and flat roof coverings having been extended to the rear. The property has a longestablished reputation as a restaurant with the current owners having operated a successful British bistro for over 22 years. The sale will include the fixtures and fittings, which principally includes the kitchen equipment, extraction system, steel canopy, fryers, bar equipment and the furniture, generating a ‘turn-key’ opportunity for the buyer to continue to operate the existing business for nil premium. The property is tastefully decorated and recently renovated to include replacement windows, flat roof and fire doors. 

Location

LOCATION 

The property is prominently located facing the Grosvenor Roundabout where the A34 meets the A527 on the edge of the town centre. 

Accommodation

ACCOMMODATION 

Ground floor Bar and seating: 446 sq ft 
Kitchen:                                   179 sq ft 
First floor Front seating:         144 sq ft 
Rear seating:                           185 sq ft 
Ladies toilets:                            69 sq ft 
Gents toilets:                             65 sq ft 
Boiler room/store:                     39 sq ft 
Total NIA:                            1,127 sq ft

Terms

TENURE 

Available freehold, subject to contract and with vacant possession upon completion.

Specification

SERVICES 

Mains gas, electric, water and drainage are connected. Gas fired central heating installed throughout. No services have been tested by the agents. 
 
VAT 
The sale price is not subject to VAT.
 
BUSINESS RATES 
Rateable Value: £6,900 Rates Payable: £3,443.10 pa (23/24) Note: If you qualify for Small Business Rates Relief you should be entitled to a 100% rates payable exemption.
 
ANTI MONEY LAUNDERING REGULATIONS 
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £160,000.00 NA

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Agency Team

Rory Mack Associates Ltd

01782 365492

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