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Coffee Shop / Sandwich Bar

Newcastle upon Tyne £23,950 Leasehold REF: NE1563

Business:

The premises are located on the main road running through the village and within a small parade with the benefit of free on street parking to the front.

This is an established sandwich and coffee bar which had been trading for many years from this site.  Our client refurbished and updated the premises when they acquired the lease a little over twelve months ago and new equipment included a new pie-warmer, slush machine and fridges.  The main oven has been professionally cleaned and serviced as has the central heating boiler. 

The business operates as a traditional sandwich and coffee shop offering a broad range of hot and cold drinks, together with hot and cold snacks.  The premises have consent for A5 (hot food) use but are restricted from trading after 6.00pm on a pure hot food takeaway basis.  The dining area is configured to provide a waiting area together with tables and chairs for approximately 12 covers.

At basement level there is a self - contained fully fitted kitchen with an oven, worktops, fittings and an extraction system.  This would be ideal for an outside catering operation or the hot food takeaway element could trade from this space.

Premises:                                                        

Comprises the ground and basement floors of a mid- terraced property.  Accommodation;

Ground Floor  15ft 4ins frontage x  30ft 9ins with tables and chairs for 12 covers, service counters, menu boards, coffee machine, dishwasher, worktops, chiller counters, bain marie, fridge/freezers and    various other complementary items.

Staff W.C.

Basement with separate street level access.

Kitchen Area 16ft 6ins x 13ft 8ins with fitted units, worktops, oven, microwave, double sink, 2 x fridges, freezer and extraction system.

W.C.

EPC

Rating C – the document is available on request.         

Trading Hours:

Monday - Friday            8.30 am - 3.00 pm

Saturday                       9.00 am - 2.00 pm

Sunday                                  Closed

Fixtures & Fittings:

An extensive inventory will be available to bona fide purchasers.

Tenure:

We are verbally informed the premises are held on a 10 year lease from 2014.  The current passing rent is £6,500 per annum (£541 per month).

Rates:

The premises are assessed as follows:

RATEABLE VALUE:        £1,575

Rates free incentives subject to status.

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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