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  • T/A THE ITALIAN STOVE
  • BUSINESS FOR SALE
  • SITUATED IN ESTABLISHED RESTAURANT AREA
  • HIGH VOLUME OF PASSING TRAFFIC
  • ON STREET PARKING AVAILABLE IN THE NEAR VICINITY


The property comprises a mid terrace retail unit which has been open approximately 18 months trading as a restaurant which include a partial refurbishment, in particular a new kitchen.  The unit on both the ground floor and first floor extends to 133.01 sq m or thereabouts to include restaurant area, kitchen, ground floor w.c. first floor ladies and gents w.c’s and office/store.

ACCOMMODATION

GROUND FLOOR

RESTAURANT 63.41 sq m

KITCHEN 22.45 sq m

DISABLED W.C.

FIRST FLOOR

OFFICE/STORE 47.15 sm

LADIES W.C. OFF FIRST FLOOR LANDING

GENTS W.C.  OFF FIRST FLOOR LANDING

RATEABLE VALUE: 

South Tyneside Council have verbally advised that the  rateable value is £7,900. The vendor has advised from  April 2017 the site will be exempt from business rates.

SALE COST: 

£90,000 for the business element.  After initial viewing and discussion with the vendor accounts could be made available.

LEASE:  

The property is held on a Leasehold basis which   commenced on 19th March 2015 and expires on 18th  March 2021.  The current asking rent is £16,000 per   annum.

VIEWING: 

Strictly by appointment via our South Shields office.  Tel (0191) 4271414.

EPC:  

Client to provide.

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