restaurants in SR1

Mary Street, Sunderland, Tyne and Wear, SR1 3NH

£25,000

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Business For Sale
  • Turnover circa £3,000+ per week
  • Large social media following
  • By way of an assignment of lease
  • NIA 178.66m2 (1,923 sqft)

restaurants in SR1

BUSINESS FOR SALE!!!

We are pleased to offer to the market this ever popular thai restaurant located in Sunderland City Centre. The business is ideally placed within the Sunderland arts, music and culture quarter of the city. Royale Thai is presented to a very high standard with open plan dining area and bar, kitchen and male/ female W/C facilities.

Summary

  • Property Type: Restaurants
  • Parking: On Street

Location

The subject property is well located along Mary Street, Sunderland. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.9 miles from Sunderland city centre and approximately 14.9 miles from Newcastle city centre.

Accommodation

The Subject premises is a two storey which consists of: restaurant, bar, storage room and WC to the ground floor. To the first floot the property consists of a function room, male and female WC and a kitchen. NIA 178.66 (1,923 sq ft).

Business Details

Since opening the business in 2015 our clients have built up an excellent reputation with many long standing and repeat customers with a large social media following on Facebook.

Alcohol Licence

We are verbally advised that premise holds a licence until 2am and also has a music licence.

Turnover

We have been verbally informed the business is turning over circa £3,000+ per week.

Takeaway

The business has recently taken on Just Eat and Good Eats which has increased turnover substantially but is still not been fully utilised.

Social Media

Facebook - 2,275 followers.

Opening Times

Monday - 16:00 - 22:30
Tuesday - 16:00 - 22:30
Wednesday - 16:00 - 22:30
Thursday - 16:00 - 22:30
Friday - 16:00 - 22:30
Saturday - 16:00 - 22:30
Sunday - 16:00 - 22:30

Lease Terms

By way of an assignment of lease. A 10 year lease was granted 19 August 2016 at a rent of £15,000 per annum.

Rateable Value

The adopted rateable value is £6,800 as of 1st April 2017.

Sourced from VOA.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. 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.

Floor Plan

Floor Plan