A prominently located restaurant and take-away on the A34 in Newcastle-under-Lyme. The demise includes the whole of the ground floor with staff and/or customer parking available at the rear. There is also a large terraced seating or smoking area accessed from the side. The restaurant accommodates 56 covers in two large open plan dining rooms and boasts a large kitchen with additional stores and a walk-in fridge. The kitchen is fully fitted with stainless steel equipment which can be purchased via separate agreement with the current owner. This is a rare opportunity to take over a popular restaurant which has recently been completely refitted.
Location
Gostos has roadside frontage to London Road (A34) at the junction with Occupation Street and is immediately opposite the new Unban Student Life One London Road development. Newcastle-under-Lyme town centre is approx. 0.3 miles The property benefits from high levels of passing cars every day, providing a fantastic advertising opportunity.
Accommodation
Dining areas: 1,050 sq ft
Lobby: 98 sq ft
Kitchen areas: 519 sq ft
Store x 3: 183 sq ft
Walk in fridge: 30 sq ft
Total NIA: 1,880 sq ft
Terms
SERVICES - Mains gas, electric, water and drainage are connected. The property benefits from a warm and cold air conditioning system. No services have been tested by the agents.
VAT - The rent is not subject to VAT.
RENT - £18,000 pax
BUSINESS RATES:
Rateable Value: £12,250
Rates Payable: £6,112.75 pa (23/24)
Note: You could qualify for retail, hospitality and leisure relief if your business is mainly being used as a shop, restaurant, café, bar, hospitality or leisure use. If you’re eligible, you could get 75% off your business rates bills for the 2023 to 2024 billing year (1 April 2023 to 31 March 2024).
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.
Specification
- Fully equipped restaurant on the busy A34 in Newcastle-under-Lyme
- Total NIA: 1,880 sq ft with 56 covers
- Located close to Newcastle town centre and the Royal Stoke University Hospital
- Customer parking included to rear
- Opportunity to buy all equipment and take over established business