Retail premises for sale in London Road, Newcastle-Under-Lyme ST5, £160,000

160,000.00

Offer Nr.:
44479476
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Butters John Bee - Commercial
Phone(s):
01782 933454

* Freehold
A restaurant being sold as seen with 46 covers and fully equipped kitchen. The
property may be suitable for retail uses with permitted change.
**Description**
The property comprises a ground and first floor brick building under a pitched
tiled roof. The main entrance leads into the restaurant which has tiled floor,
timber boarded walls and suspended ceiling with inset lights. To the rear
there is a bar area with further door leading to a fully equipped kitchen.
Stairs lead to the first floor where the restaurant is extended to include a
total of 46 covers. The first floor has a timber boarded floor, painted walls
and ceiling with inset lights. There are male and female toilets on the first
floor as well as a store/rest room.
The property is being sold as seen to include all the fixtures and fittings
and the property. A new flat roof at the rear and new PVC windows have been
installed over the last 2 years.
**Location**
The property is situated on the A34 London Road just off the pedestrianised
area of Newcastle - under - Lyme Town Centre. Newcastle - under - Lyme is the
administrative centre for the Borough and has major retail and leisure
facilities within the Town Centre. Newcastle - under - Lyme has a resident
population of some 75, 250 (Census 2011) and is part of the North Staffordshire
conurbation which has a combined population of some 469, 000 (Census 2011). The
property is a prominent restaurant facing onto the A34 with car parking close
by.
**Accommodation**
Ground Floor
Restaurant/Bar Area 554 sq. ft (51. 36 sq. m)
Kitchen 169 sq. ft (15. 70 sq. m)
First Floor
Restaurant 332 sq. ft (30. 84 sq. m)
Male and Female Toilets
Store/Rest Room 39 sq. ft (3. 62 sq. m)
total floor area 1, 094 sq. ft (101. 63 sq. m)
**Services**
All mains services are believed to be connected and include gas fired central
heating.
**Rateable Value**
The voa website advises the rateable value for 2017/18 is £6, 000. The standard
non - domestic business rates multiplier is 47. 9p. The small business multiplier
is 46. 6p up to a rateable value of £51, 000. The Small Business Rate Relief
will increase to 100% for businesses with a rateable value of up to £12, 000
and a tapered relief for rateable values between £12, 000 and £15, 000.
Bjb recommends interested parties make their own enquiries into the business
rate payable any further business rate relief which may be available.
**Viewing**
Strictly by appointment via bjb commercial, Head Office, Lake View, Festival
Way, Stoke - on - Trent ST1 5BJ. Telephone . Opening hours are 9. 00 - 5. 30pm, Monday
to Friday.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)