Location
This business opportunity lies in the heart of Wallsend town centre, close to the junction of Station Road with High Street West. The immediate area comprises shops and leisure occupiers and there are high levels of traffic.
Wallsend is a popular and expanding town located in between Newcastle and Whitley Bay and with excellent access via the A1058 Coast Road and from public transport. There is a Metro station within 5 minutes of the High Street and there are numerous bus stops serving the shopping area.
Business
This is a long-established café and coffee house which has been trading from this location for many years but under your ownership since 2016.
The premises are configured to provide a main dining area at the front with up to 30 covers laid out with tables and chairs in a traditional style. The service counter is located at the back of the dining space and links to a compact well-equipped kitchen. There is an additional potwash space plus toilet facilities.
The menu is traditional café fare with hot and cold drinks, sandwiches and light meals. The unit is in good order and the majority of the trade is “sit in” but the collection trade is increasing as office workers return, particularly to the shopping centre nearby.
Viewing is recommended and this café offers scope for a new owner to extend the hours and the food offer.
Premises
Comprises a ground floor single storey premises;
Ground Floor
Coffee Shop / Kitchen 78 m2 840 ft2
Stores 10 m2 110 ft2
Customer W.C.
Staff
Currently operated under management.
EPC
Rating TBC.
Trading Hours
Monday - Sunday 9.00am - 2.30pm
Wednesday closed
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £11,750
Rates free incentives available subject to status.
Tenure
The premises are currently held on a 7 year FRI lease from 2010 at a current rent of £12,000 per annum. A new lease will be available with details to be agreed.
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.
