Location
The shop is located on the main High Street close to its junction with Station Road and Salters Road. Gosforth is an extremely sought after residential suburb 2 miles due north of the City centre. Other nearby occupiers include Sainsbury’s, Subway, Caffe Nero plus a range of other independent traders.
Business
The business was established by our client circa 2 years ago but is now on the market as they consider another larger venture outside of the immediate area.
This is a popular and successful business that offers a café menu with an Italian twist. There is a broad range of hot and cold drinks and light bites but also a selection of pasta and pizza which is expanded on a Friday and Saturday when the trading hours are longer.
The unit is fully fitted and equipped for the trade and any new owner could take over the operation and begin trading immediately. The premises are configured to provide 20 covers with a mixture of tables, chairs and bar seating plus a service counter for any collections.
The location of the business means that there are very high levels of both captive and passing trade. There is also a bus stop directly outside the shop and this helps generate some trade into the shop. This is quite a rare food opportunity within Gosforth and prompt viewing is recommended to fully appreciate the premises.
Premises
Comprises a self-contained ground floor retail unit.
Ground Floor
Coffee Shop circa 310 sq.ft. (29 sq.m.)
Kitchen circa 165 sq.ft. (15.3 sq.m.)
Prep circa 78 sq.ft. (7.23 sq.m).
Customer W.C.
External
Walk in Chiller
2 x Dry Stores one plumbed for washing machine.
W.C.
External
1 Car Parking Space
Trading Hours
Sunday – Monday closed
Tuesday – Thursday 9.30am – 5pm
Friday – Saturday 9.30am – 8pm
Staff
Can be sold free of staff.
Business Rates
Rateable Value £15,000
Tenure
We are verbally informed that the premises are held on a 10 year lease from April 2021 at a passing rent of £15,000 per annum with a rent review at the 5th anniversary. Interested parties will need to seek legal confirmation of this.
EPC
Rating B.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
