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Licensed Cafe / Hot Food Opportunity

Jesmond Offers over £39,950 Leasehold (fees apply) REF: NE1759

Location

The premises are located within a busy terrace of shops on the prime street in the heart of this ever popular suburb of Newcastle.

Nearby tenants include Tesco, Waitrose, Starbucks and Greggs plus an extensive range of independent, high end, retailers.

Business Opportunity

This unit has operated as a food outlet for a number of years, originally as a coffee shop but more recently as a Mexican café and small restaurant.

The current tenant is operating a pizza slice business and originally offered both sit in and collection service but during the pandemic the business has operated a collection only service.  The lease has been placed on the market as our client is planning to relocate abroad.

The premises could be configured by a new tenant to incorporate seating and the coffee shop operator had circa 18 - 20 internal covers plus a service and prep area.  There are extremely high levels of passing and captive trade and this is an affluent area with a wide cross section of private residents. A high number of students live in this part of the City and they provide potential trade opportunity throughout the day.

This is an extremely rare to the market opportunity and  viewing is recommended to appreciate the levels of both passing and captive trade.

Premises

Comprise a self-contained single storey lock up unit forming part of a busy terrace.

Ground Floor

Dining Area / Kitchen circa 427 sq.ft. (39.7 sq.m.).

W.C.

Trading Hours

Tuesday - Sunday                     11.30am - 11.00pm

Fixtures & Fittings

A full inventory would be made available prior to an exchange of contracts. 3 phase power is installed and a commercial extraction system, sink, air conditioning, CCTV, sales counter plus tables and chairs will be included. 

Rates

The premises are assessed as follows:

Rateable Value £20,000

Rates payable £4,990

Tenure

We are verbally informed that the premises are held on a 10 year lease from 2020. The current rent is £25,000 per annum. Interested parties should seek legal confirmation of this.

EPC

Rating D – a copy of the document is available for inspection if required.

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.

 

                              

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

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