Location
The shop is located on the main High Street close to its junction with Hawthorn Road. Gosforth is an extremely sought after residential suburb 2 miles due north of the City centre.
Nearby occupiers include Sainsbury’s, Subway, Caffe Nero plus a range of other independent traders.
Business Opportunity
Café 111 was established by our client in late 2024 from refurbished premises in the heart of Gosforth but has recently closed owing to the owner’s increasing external business commitments.
The unit has been fitted and equipped to the highest standard and all the equipment is high quality. The business traded as a coffee shop with a compact menu that comprises hot and cold drinks, individual items and light lunches. The premises are configured to provide up to 50 covers with a mixture of tables, chairs and bar seating plus a service counter for any collections.
The previous operating hours were short by choice but there is permission to trade until 10pm and alcohol can be sold with food from midday till 10pm.
The location of the premises means that there are very high levels of both captive and passing trade. There is also a bus stop directly outside which helps generate some trade into the shop.
This is a high calibre food and drink opportunity within Gosforth and prompt viewing is recommended to fully appreciate the premises.
Premises
Comprises a self-contained ground floor retail unit.
Ground Floor circa 2,000 sq.ft. (186 sq.m.)
Coffee Shop
Kitchen
Gents W.C.
Ladies W.C.
Disabled W.C.
External
Seating Area
Permitted Trading Hours
Monday – Sunday 7.00am – 10.00pm
Licensed to sell alcohol with food 12 noon – 10.00 pm
Business Rates
Rateable Value £29,250
Tenure
The premises will be offered on a new FRI lease at a commencing rent of £35,000 per annum. Full terms to be agreed. An additional two storey space to the rear is also available for a combined rental of £50,000 per annum. Terms to be agreed.
EPC
Rating E.
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.
