T: 0191 487 8566

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Coffee Shop & Cafe

Newcastle City Centre £69,000 Leasehold REF: NE1118

Location

The business is located on a prominent corner at the junction of Grainger Street with Westgate Road within a terrace of food, drink and retail establishments close to Central Station and a number of busy hotels.

Business

The unit has operated as a food outlet for a number of years but the current business has been trading from the site for approximately 3 years.  It is being placed on the market as our client wishes to concentrate on his wholesale food venture.

The premises have been refurbished following its acquisition by our client and are currently configured to provide circa 35 internal covers with a mixture of traditional tables and chairs plus bench and bar seating.  The menu offers a range of traditional British dishes and meals together with a takeaway menu.  Breakfasts are extremely popular and, in spite of its’ relatively short trading history, the food and ambience have received excellent social media feedback.  The business is well supported by regulars and there are extremely high levels of passing and captive trade.

The business currently trades daytime hours only due to personal choice but the opening hours could be extended by new owners if wanted. Viewing is recommended to appreciate the location and the untapped potential of the site.

Premises

Comprise a self-contained ground floor lock up unit forming part of a busy terrace.

Ground Floor

Dining Area / Service circa 767 sq.ft. (71.4 sq.m.) fully fitted and equipped for the trade.

Public W.C.

Basement

Staff circa 592 sq.ft. (55 sq.m.)

Trading Hours

Monday - Saturday                    7.30am – 5.00pm

Sunday                                     9.00am – 4.00pm

Staf

The business is currently run by 3 members of staff.

Fixtures & Fittings

A full inventory would be made available prior to an exchange of contracts.

Rates

We are verbally informed that the premises are assessed as follows:

Rateable Value £22,500 (2017 list)  

Tenure

We are verbally informed that the premises are held on a 10 year lease from 2014. The current rent is £18,000 per annum plus VAT with a review in 2019. Interested parties should seek legal confirmation of this.

EPC

Rating F – a copy of the document is available for inspection if required.

 

Please note that the current trading name is not included in the sale

 

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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If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

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