Restaurant for sale

Myrtle Street, Ashington NE63

Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

Introducing a superb opportunity to acquire this established Hot Food Takeaway property, currently on the commercial sale market. This property is offered on a long leasehold basis of 999 years from December 1990, situated in a largely residential area of Ashington. This takeaway premises presents a compelling investment prospect for entrepreneurs looking to capitalise on a thriving local market.

The property boasts an optimum location, nestling comfortably amongst a densely populated residential vicinity. Such a locale not only guarantees a steady inflow of local patronage but also presents lucrative potential for a thriving delivery business.

Great attention must be paid to the excellent transport links that accompany this property. It is strategically located in close proximity to major road networks and public transport routes, making it highly accessible for both customers and staff alike. These exceptional transport connections also make it easier for deliveries to a wider range of the surrounding areas, which is extremely beneficial given today's food delivery demands.

Seize this unique opportunity to own a Hot Food Takeaway in Ashington, well-positioned in a residential hotspot, and blessed with excellent transport connectivity. This is an investment that promises fantastic returns and substantial business growth.

Location

The subject property is located on Myrtle Street, within an established residential area. Ashington is a significant business and residential hub in south east Northumberland, serving both the local population and surrounding communities.

The area benefits from excellent road connectivity via the A189 Spine Road, providing direct access to other parts of Northumberland and the wider North East region.

Tenure

Leasehold title. Title number: ND71823.
999 years from 10 December 1990.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.