Location
The premises are located in the heart of the City centre, just off Northumberland Street and close to the Universities and Civic Centre.
The immediate area comprises a pleasant mix of occupiers which include multiples, independent shops, coffee houses and eateries. The immediate area has undergone a huge transformation over the last 3 years and significant sections of John Dobson Street have been made traffic free areas.
This investment will continue and work will commence in Autumn on Ridley Place which will undergo the same makeover; removing vehicle access and effectively creating a pedestrian boulevard with outdoor seating spaces for the benefit of both the public and the shopkeepers.
Business
The premises were fully refurbished in late 2019 and the site opened for trading at the end of that year. The premises would require little attention from a new owner and would be suitable for a variety of food and drink uses. The location ensures that any business running from the unit would potentially attract a relatively broad demographic that could include students, nearby office workers and the later evening drinking crowds.
New owners would be able to offer a range of drinks and light meals depending on where they want to position the business and it could be a food orientated trade during the day and then move towards a more traditional drinking establishment in the evenings.
Viewing is strongly recommended to appreciate the location and potential of this opportunity, together with the quality of the fit out.
Premises
Comprises a ground floor unit forming part of a larger three storey terraced unit.
Ground Floor
Café / Bar & Dining Area circa 650 sq.ft. (60 sq.m)
Dry Store
W.C.
EPC
Rating – F
Tenure
We are verbally informed that the premises are held on a 5 year lease.from 2019. The current rent is £350 per week excluding utilities.
Permitted Trading Hours
Monday – Sunday 08.00am to 11.00pm
Permitted Sale of Alcohol
Monday – Sunday 11.00am – 10.00pm
Staff
The business will be sold free of staff.
Rates
The premises are assessed as follows:
Rateable Value £21,000
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.
