The business is located within a terrace of food and drink establishments close to the Theatre Royal in the heart of Newcastle City centre. Market Street runs from Pilgrim Street towards Grey Street and Grainger Street.
The unit has operated as a food outlet for a number of years but the current business has been trading from the site for approximately 18 months. It is being placed on the market as our clients have growing family commitments.
The premises have been transformed from a small sandwich bar into an immaculate bespoke Roast House, specialising in pork products. The menu offers a range of sit down meals together with a takeaway hot sandwich menu and, in spite of its’ relatively short trading history, the food and ambience have received excellent social media feedback. The business is well supported by loyal regulars and there are high levels of both passing and captive trade.
The business trades on relatively short hours due to personal choice and the opening hours could be extended by new owners if required. The premises have an alcohol licence and viewing is recommended to appreciate the standard of the fit and finish of the premises.
Comprise a self-contained ground floor lock up unit forming part of an attractive terrace.
Dining Room circa 447 sq.ft. (41.5 sq.m) with tables and chairs for 25 covers, serve over hot counters, coffee machine (leased), display units, menu board.
Kitchen circa 100 sq.ft. (9.3 sq.m) fully fitted and equipped with Rational oven, worktops, double sink, fryers, dishwasher, fridge / freezer.
Monday – Thursday 11.30am – 5.00pm
Friday & Saturday 11.30am – 7.00pm
The business is currently run by family members with the help of 2 full time members of staff.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
We are verbally informed that the premises are assessed as follows:
Rateable Value £19,250 (2017 list)
We are verbally informed that the premises are held on a 5 year lease from August 2015. The current rent is £17,500 per annum and rises to £20,000 per annum in August 2017 and then £22,500 per annum in August 2018 for the remainder of the term. Interested parties should seek legal confirmation of this.
Rating D – a copy of the document is available for inspection if required.
- Please note that the trading name is not included in the sale of the business.