Location
This business opportunity is located at the end of a mixed-use terrace at the western end of New Bridge Street, directly opposite the Northumbria University Law Faculty. New Bridge Street is the principal road running from Byker Bridge into the City centre and other nearby occupiers include a bar, a letting agency, a Sainsburys Local and a number of student accommodation blocks.
Business
A coffee shop has traded from this site for well over a decade and the current business has been under the same ownership since 2018. The space was refitted at this time but is now placed on the market as the owners have another business commitment that they wish to turn their attention to.
The premises are configured to provide a seating area on the left as you walk in and the service area on the right for collections and ordering There is a fully fitted kitchen area at the rear of the property, together with the dry stores.
The current menu is compact and offers a range of hot and cold drinks, breakfasts, sandwiches and light meals. The site would be suitable for a range of other cuisines, but new owners could simply continue the current food and drinks offer whilst considering other menu options.
This is a very well presented and prominently located food opportunity with potential for growth with a fresh hand on approach. Viewing is highly recommended.
Premises
Comprise a ground floor self-contained unit with return frontage and forming part of larger property.
Ground Floor
Coffee Shop / Service circa 550 sq.ft. (51 sq.m.) with serve over counters, seating for up to 30 covers and a wide range of equipment,
Kitchen circa 140 sq.ft. (13 sq.m.) fitted and equipped for the trade.
Toilet DDA compliant.
External
Pavement Seating for up to 12 covers.
Current Trading Hours
Monday & Tuesday closed
Wednesday - Sunday 9.00 am – 4.30pm
Fixtures & Fittings
An inventory will be made available to purchasers prior to any exchange of contracts. Please note that the coffee machine, ice cream maker and EPOS till system would not be included in any sale.
Rates
The premises are assessed as follows:
Rateable Value £6,400
Rates free incentives available subject to status.
Tenure
The premises are currently held on a 10 year lease from 2018 at a passing rent of £18,500 plus VAT per annum. The landlord has also indicated that a new lease will be available if required.
EPC
Rating - B
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.
