Property description
SITUATION
The property is situated on the corner of Goldspink Lane and Helmsley Road in Sandyford, Newcastle upon Tyne. Sandyford is a popular residential suburb on Newcastle upon Tyne located east of Newcastle City Centre and is largely dominated by young professionals, students and families due to its close proximity with Newcastle City Centre.
DESCRIPTION
The premises comprise the following –
Ground Floor Restaurant
Caffé Zonzo – A modern, acclaimed restaurant which is available as a going concern or a vacant space which would be suitable for a range of different uses.
Within the restaurant are an entrance seating area, Bar, Fully fitted Commercial Kitchen, Customer Toilets, Storage and an open plan seating area for up to 75 covers.
The current owners have worked hard to provide a popular establishment favoured by an array of different clientele across the city. The main focus of the restaurant is home cooked Italian food in a contemporary setting.
First Floor Apartments
Currently used as storage the first floor comprises storage space which has planning permission to be converted into two apartments with two bedrooms each. The development also meets current Building Regulations. The storage requires cosmetic updating and reconfiguration of layout only.
Second Floor Apartment
This apartment provides spacious accommodation comprising a large dual aspect living room, master bedroom with en suite, kitchen and landing / study space. The apartment is finished to a very good specification and has been very well maintained throughout.
ACCOMMODATION
The ground floor has the following net internal area –
Ground floor restaurant233.8m² (2,516.6ft²)
Floor plans are available upon request for the upper parts.
TERMS
The premises is available for sale and price is available on application for the benefit of the freehold interest.
Fixtures, fittings and goodwill available by separate negotiation should the purchaser look to acquire the restaurant as a going concern. Accounts are available to bona fide parties. Alternatively the ground floor can be available with vacant possession.
RATING ASSESSMENT
DescriptionRVEstimated Rates Payable
Restaurant &£23,750£11,186.25
Premises
We are advised that the rateable value of the premises as at 1 April 2010 is £23,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
As a new occupier rights of appeal may exist against this assessment.
EPC Rating
Awaiting EPC Rating.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors and speak to Tim Aisbitt.
Tel: 0191 232 8080
Email: tim.aisbitt@bradleyhall.co.uk