Location
The unit is located on Park View which is a busy retail street on the north side of the town centre and home to a pleasant mix of national and independent retailers. Whitley Bay is a popular coastal town approximately 10 miles due east of Newcastle and is currently enjoying significant investment and improvements to the infrastructure and seafront. The town is well served by public transport and is popular with day trippers who can visit via the Metro rail link.
Business
This business was established in 2007 but has been reluctantly placed on the market as our client wishes to concentrate on family commitments. The current premises were refurbished at the point the business opened and all the fixtures and fittings were acquired new. The ground floor premises are currently laid out to provide a large open area with tables, chairs and a reception space plus kitchen and toilet facilities. To the upper floor there is a private party room with an additional toilet and a kitchen area. The capacity of the whole premises is 50 persons.
The current operator has developed the offer over the years and there is a range of products and prices to suit a variety of pockets. In addition to the day to day walk in trade there are high levels of private parties and our client also offers commissions for bespoke pieces. The unit is fully fitted and equipped.
We see the business as an opportunity for either a family, couple or a partnership to develop and there is genuine potential for motivated new owners.
Premises
Comprise a two storey mid terraced unit;
Ground Floor
Retail Area circa 476 sq.ft. (44 sq.m).
Kitchen
W.C
First Floor
Party Room circa 490 sq.ft. (45 sq.m).
External
Yard with parking for 2 cars.
Staff
Currently operated under management with 1 full time and 1 part time members of staff and a weekend girl.
Current Trading Hours
Tuesday – Friday 10.00am – 5.00pm
Saturday 10.00am – 5.00pm
Sunday & Monday closed
Rates
We are verbally informed that the premises are assessed as follows:
Rateable Value £5,900
Rates free incentives available subject to status.
Tenure
A new lease is available at a commencing rent of £10,000 per annum rising to £11,000 per annum in year 2 and £12,000 per annum in year 3. The ingoing tenant will be responsible for the landlords reasonable costs in the preparation of the lease.
EPC
Rating TBC.
