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Under offer

Cafe Opportunity

Heaton £29,950 Leasehold (fees apply) REF: NE1524

Business:

This business opportunity is located in the heart of this popular suburb to the east of Newcastle City centre.  Heaton Road is an area of mixed retail, commercial and residential properties and is popular with professionals, young families and students. Nearby occupiers include Sainsbury’s Local and a selection of good quality independent traders.

The location has operated as a café for over 5 years but the lease is on the market as our client is pursuing another unrelated career.  The site traded successfully until March 2020 operating as an upmarket brunch bar and café with a menu comprising hot and cold drinks, snacks and sandwiches together with a selection of light meals.  The menu could be developed to include more substantial foods and there is a separate kitchen facility with an extraction system.

The premises are attractively laid out to provide a service area plus a mixture of fixed bench seating together with tables and chairs.  There are up to 35 covers and the fit and finish is to a good standard attracting a broad range of customers that included students, local workers and young mothers.

We are verbally informed that, when fully open with 7 day trading, sales were in excess of £4,000 weekly.

Viewing is recommended to appreciate this rare opportunity and the unutilised potential of the business.

Premises:

Comprising of a ground floor lock up unit.

Dining/Service Area circa 444 sq.ft. (41.3 sq.m) nice  décor throughout with booth/bench seating, tables and chairs for 35 covers, serve over counters, drinks chillers, microwaves, coffee machine and grinder plus other associated equipment.

Kitchen circa 140 sq.ft. (13 sq.m) with griddle, induction oven, extractions system, grill, dishwasher, double sink, chilled counter

Separate Ladies/Gents/Disabled Toilets

External patio area with seating for 12 people.

Current Opening Hours:

Permission to trade until 9pm.

Tenure:

The premises are held on a 15 year lease from November 2014 with 3 yearly rent reviews.  The current passing rent is £9,600 per annum (£800 per calendar month).

Rates:

The premises are assessed as follows:

RATEABLE VALUE    £7,300

Rates free incentives may be available subject to individual status. 

EPC:

Rating - E.  If you require sight of the Energy     Performance Certificate prior to making a viewing appointment then please get in touch with this office.

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

 

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