Location
The property is located on a prominent corner location at the junction of Nile Albion Road with Nile Street. Albion Street is one of the main roads running through North Shields towards Tynemouth and there are a selection of pubs and food outlets along the strip.
North Shields is a flourishing town at the mouth of the River Tyne and the town centre itself is undergoing a number of changes at the moment with a drive to attract people back into the town. There is significant investment taking place in the Northumberland Square and nearby Howard Street will have a new pedestrian route to the fish quay. There is also a new bus depot being built in the city centre, 5 minutes from the property.
Business Opportunity
A food led business has traded from this site for a number of years and until recently the premises operated as a licensed Café, Bar & Bistro. The premises may also be suitable for retail use.
The premises are configured to provide a dining room with a bar and service area to the front offering a pleasant aspect across Albion Road. The kitchen is spacious and is part fitted and equipped with an extraction canopy installed.
The site would be suitable for a variety of food uses and the potential customer base comprises both passing and captive trade. The immediate area is of retail, office and residential accommodation and there is short term paid for on-street parking available directly outside.
This a rare licensed opportunity in a developing town and viewing is recommended to appreciate the scope.
Property
Comprises the ground floor of a two-storey end terrace unit close to a busy junction.
Ground Floor
Dining Area circa 500 sq.ft. (46.5 sq.m.).
Kitchen circa 250 sq.ft. (23.2 sq.m.)
Toilets x 2
Services
Gas, electric and water is installed to the property.
Rates
The premises are assessed as follows:
Rateable Value £8,100
Rates free incentives subject to status.
Tenure
The property is available on a new lease at a rent of £8,000 per annum with terms to be agreed. The ingoing tenant will be responsible for the landlord’s costs in the preparation of the lease.
EPC
Rating - C.
Fixtures & Fittings
The premises are part equipped and some items may be available by separate negotiation.
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
