41 London Road, Chesterton, Newcastle Under Lyme

A mid-terraced takeaway unit forming part of a popular parade of shops close to Newcastle-under-Lyme and in the centre of Chesterton. The unit has been trading as a takeaway premises specialising in Indian cuisine for the past 20 years. The property briefly comprises a customer waiting/serving area, kitchen, rear storeroom and food prep room with space for WC if required. On the first floor is the remanence of a one bedroom flat including a lounge, bedroom, kitchen and bathroom, although the complete building is classed as commercial so a change of use will be required to use the space as living accommodation. At the rear of the property is a useful yard area plus a free council car park suitable for around 24 vehicles. The property is a ready made business and allows the next tenant to start trading almost immediately.

The ‘good will’ of the business to include equipment is available at £15,000, payable to the landlord.

Location
The takeaway is located on London Road surrounded by similar sized retail units and with a free car park directly behind. Chesterton is located half a mile from the A34 with easy access onto the A500 and M6 motorway.

Services
Mains electric, gas, water and drainage are connected. No services have been tested by the agents.

Tenure
Available by way of a new Full Repairing and Insuring lease for a minimum of 3 years and with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease.
The property is available subject to the incoming tenant paying a ‘good will’ fee in consideration for all of the equipment and extraction within the property on the basis that all of these items will then belong to the tenant.

VAT
The rent is not subject to VAT.

Business Rates
Rateable value £3,750
Rates payable £1,871.25pa (24/25)
Note: If you qualify for small Business Rates Relief you may be entitled to a 100% rates payable reduction.

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.

Available Area