Businesses For Sale
Food
City Centre Restaurant Opportunity
Newcastle upon Tyne
£95,000 (Leasehold)
REF: NE2202
Location
The business occupies an enviable position on The Side, close to the junction with Queen Street and Quayside.
This part of the City is a popular location for good quality restaurants and bar and Bangrak Thai forms part of a larger terrace located within this busy leisure district. Other nearby occupiers include Solstice and House of Tides and there are also now a wide selection of hotels in this part of the City which has generated increased levels of captive trade.
Business
Bangrak Thai has been open since 2018 offering a range of high-quality Thai food to a well-established customer base. The majority of the trade is from eat in diners (70%) with the remainder from collections and deliveries.
The premises are configured to provide restaurant space on the ground floor (circa 20 covers) and another larger dining area on the first floor (circa 32 covers) with pleasant views over The Side. Separate gents and ladies toilets are on the ground floor with the kitchen on the first floor. On the top floor is a restaurant storage and staff welfare space which has been used as accommodation in the past.
The restaurant currently opens evenings only but there is scope to offer a lunchtime service as there is plenty of daytime passing trade in this part of town. The restaurant has a good local reputation and new operators could develop this theme or alternatively take the food offer in a different direction.
Trading Hours
Monday - Sunday 5pm - 9pm
Staff
The business is operated by our client with the help of 7 members of staff.
Services
Electricity, Water and Gas are installed to the site.
EPC
Rating C.
Tenure
The premises are available on a new 10 year FRI lease at a passing rent of £24,000 per annum plus VAT. Full details on application.
Business Rates
The premises are assessed as follows:
Rateable Value £24,250 (2026 Listing)
Accommodation
Floor area 250 sq.m. (2,000 sq.ft.)
Ground Floor
Dining Room 1
Ladies Toilets
Gents Toilets
First Floor
Dining Room 2
Kitchen
Second Floor
Storage / Staff Welfare Space
Shower Room
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.
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