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Licensed Food Opportunity

Newcastle upon Tyne £47,500 Leasehold (fees apply) REF: NE1444

Location

The business is located within the City centre at the junction of Pilgrim Street with Market Street, close to the Theatre Royal.  This is a busy street comprising a number of food and drink establishments that are within close proximity to the main shops, offices and transport links.

Business

These premises have operated as a food outlet for a number of years and the current business has been trading from the site for circa 4 years, however, our clients now wish to pursue an alternative venture.

The premises were transformed in 2015 from a small sandwich bar into an immaculate licensed eating house with a fully fitted and equipped kitchen area.  The unit is currently configured for 25 covers with a service and prep area to the rear and the business currently operates as a Roast House serving a range of pork, beef and chicken dishes.  Currently the business is trading on short hours, there is scope for any new owner to extend these.  The premises are suitable for other food uses and cuisines and whilst the existing business has excellent social media feedback, any new owner could take the business in a different direction. 

Premises 

Comprise a self-contained ground floor lock up unit forming part of an attractive terrace. 

Tenure

We are verbally informed that the premises are held on a 5 year lease from August 2015. The current rent is £20,000 per annum or the remainder of the term.  We understand a new longer lease would be available.

 

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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