Location
This business opportunity is located at the end of a terrace on Newlands Road, which is within High West Jesmond on the border of Jesmond and Gosforth. This is a predominantly residential area but the unit forms part of a small commercial parade and other occupiers include a hair salon and a busy convenience store. Road access is excellent and there is on street parking to the front of the terrace and Ilford Road Metro Station is just a short walk away.
Business
This business has been operating as a cake, coffee and tearooms since 2012 but the owner is now looking to reduce her business commitments.
The premises are configured to provide a service and dining area to the front of the unit and then there is another unutilised area behind that leads towards the toilets. There is a fully fitted kitchen area off the main dining area, together with the dry stores and the space could be reconfigured and opened up a little should a new owner choose to do so.
The unit would be suitable for a variety of food uses but the planning permission does stipulate what equipment can be installed in the kitchen. Additional equipment would be subject to both landlord’s and the local authority’s consent. The current business operates at weekends only through personal choice and the menu is relatively compact with teas, coffees, cakes and afternoon teas the priority. Clearly the hours could be extended and in the past the owners hired out the space for private parties including birthdays and baby showers. Viewing is recommended to appreciate the location, size and potential of the site.
Premises
Comprise a ground floor self-contained double fronted unit forming part of larger terraced property.
Ground Floor
Retail Shop circa 370 sq.ft. (34.4 sq.m.) with serve over counters, tables and chairs for 16 covers, coffee machine, drinks chillers.
Rear Stores Area circa 525 sq.ft. (48.8 sq.m.) with a range of soft play equipment.
Kitchen circa 340 sq.ft. (31.6 sq.m.) fully fitted and equipped for the trade.
Toilets separate ladies and gents.
Permitted Trading Hours
Monday – Sunday 8.00am – 8.00pm
Fixtures & Fittings
An inventory will be made available to bona fide purchasers prior to any exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £5,600
Rates free incentives available subject to status.
Tenure
The premises are held on a 10 year lease from 2012 at a passing rent of £15,136. A copy of the lease is available by request and a new lease will be available, terms to be agreed.
EPC
Rating - D
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.
