Offers in region of
£45,000
(£45,000.00/sq. ft)
Restaurant for saleHindsons Crescent North, Houghton-Le-Spring DH4
From 1 - 575 sq. ft
Business
About this property
Nestled in the vibrant area of Hindsons Crescent North, Houghton-Le-Spring, this retail property presents an exceptional opportunity for aspiring entrepreneurs. Currently operating as the well-regarded Fabio's, this establishment boasts a generous space of 575 square feet, ideal for a variety of business ventures.
The property features both indoor and outdoor seating, allowing for a versatile dining experience that caters to a diverse clientele. With a current operational schedule of six days a week, the business is well-positioned to attract a steady stream of customers.
A significant advantage of this offering is the 10-year lease, which commenced on 1st January 2025, with a competitive rent of £250 per week, translating to an annual cost of £13,000. This lease will be assigned to the purchaser, providing a secure foundation for your business aspirations.
Additionally, the business comes with its own website, which will be transferred to the new owner, ensuring a seamless transition and continued online presence. A comprehensive itinerary detailing the business operations is also available upon request, providing valuable insights for prospective buyers.
This property not only offers a prime location and established business but also the potential for growth and innovation. Whether you are looking to continue the legacy of Fabio's or introduce your own unique concept, this retail space is a remarkable opportunity not to be missed.
The property features both indoor and outdoor seating, allowing for a versatile dining experience that caters to a diverse clientele. With a current operational schedule of six days a week, the business is well-positioned to attract a steady stream of customers.
A significant advantage of this offering is the 10-year lease, which commenced on 1st January 2025, with a competitive rent of £250 per week, translating to an annual cost of £13,000. This lease will be assigned to the purchaser, providing a secure foundation for your business aspirations.
Additionally, the business comes with its own website, which will be transferred to the new owner, ensuring a seamless transition and continued online presence. A comprehensive itinerary detailing the business operations is also available upon request, providing valuable insights for prospective buyers.
This property not only offers a prime location and established business but also the potential for growth and innovation. Whether you are looking to continue the legacy of Fabio's or introduce your own unique concept, this retail space is a remarkable opportunity not to be missed.
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Monthly repayment
£225 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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