Restaurant/cafe for sale in Front Street, Washington NE37

Location
Washington is a New Town which lies approximately 8 miles to the West of Sunderland and 8.5 miles South East of Newcastle upon Tyne. Concord is suburban shopping centre serving a well-populated residential area. The property is situated on Front Street, which is a secondary retail parade lying to the East of Victoria Road within the centre of Concord Village.

Description
The property comprises a 2 storey building which is stone fronted having a pitched roof and a 2 storey brick and slate extension to the rear beyond which there is a small single storey lean to. The ground floor of the property has been occupied as a restaurant but has been stripped back to shell. The first floor comprises a tattoo parlour and has independent access and amenities.

Accommodation
The property briefly comprises as follows:-

Accommodation ft2 m2
Ground Floor
Sales Area 465 43.20

Preparation 270 25.08

Store 37 3.44

First Floor
Offices 546 50.72

Tenure
We are advised the property is Freehold.

Tenancy Details
The first floor has separate access and is occupied as a tattoo parlour with the tenant occupying on an informal basis at £90 pw. We are advised no formal lease is in place.

Asking Price
Offers in the region of £120,000 (one hundred and twenty thousand pounds)

VAT

Figures quoted exclude VAT where chargeable.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Marc Weaver or Alexa Reavley

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• Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value for the Ground Floor is £6,500 and the First Floor is £3,850. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p If necessary, a written request should be made to the Local Authority for confirmation.

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
C4264

EPC

Awaiting Information