Location
The business is located on Station Road which is the principal road running through the heart of South Gosforth, a popular suburb north east of the City centre.
The subject property forms part of a small parade within what is a busy secondary shopping area. Nearby occupiers include Domino pizza, Sainsbury Local and Majestic plus a selection of independent food and drink outlets. There is a pleasant mix of retail, commercial and residential dwellings and there is free street parking in the immediate area.
Business
This is a long-established café and coffee house site which was recently acquired by our client but now reluctantly placed on the market owing to growing family commitments.
The premises are configured to provide a main dining area at the front with up to 20 covers plus a staff service area. At the back of the premises there is a well-equipped kitchen plus separate ladies and gents toilets. There is an external seating area to the rear for use when the weather permits, plus an outside store.
The current menu is traditional coffee shop fare with hot and cold drinks and snacks and a very popular breakfast offer. the current owner has updated the kitchen space which has included the installation of some new equipment. Other new investment has included a self-service touch screen at the entrance which allows people to order their food directly with the kitchen before sitting down. This helps speed up service for diners and owners can also update menus automatically. The business has excellent social media feedback and is popular with locals and customers from further afield.
Premises
Comprises a ground floor single premises;
Ground Floor
Coffee Shop / Dining Room 33 m2 355 ft2
Kitchen 14 m2 150 ft2
Ladies W.C.
Gents W.C.
External
Stores
Seating Area 16 m2 172 ft2
Trading Hours
Monday - Tuesday closed
Wednesday 9.45am - 2.30pm
Thursday 9.45am - 3.30pm
Friday 9.30am - 3.30pm
Saturday - Sunday 10.00am - 3.30pm
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £6,900
Rates free incentives available subject to status.
Tenure
The premises are held on a 5 year lease from February 2023 at £8,000 per annum. Further details available on request.
EPC
Rating B.
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.
