Location
The business occupies an enviable position looking directly out on the River Tyne and The Glass House music venue. This building was one of the few that escaped the 1854 Great Fire which devastated this part of Newcastle and Gateshead.
The Quayside is a popular location for good quality restaurants and bar and The Chart House forms part of a larger terrace located within a busy leisure district. Other nearby occupiers include The Broad Chare and Tomahawk Steakhouse and there are also now a broad range of hotels
in this part of the City which generates some captive trade.
Business
This restaurant and bar take their name from the previous commercial occupier who was Matthew S. Dodds. He was responsible for printing maps and sea charts that the local sailors would buy prior to planning routes and setting sail.
The current bar and restaurant business opened in 2021 after an extensive refurbishment and refit and is in superb condition throughout. Laid out over 3 floors, there is a small ground floor eating area plus a well fitted kitchen. The next floor is where the main bar area which is predominantly open plan but offers high tables and window seats looking out across the Tyne and there is an overflow mezzanine space which can be used for live music. On the top floor is the main restaurant space which has excellent natural light and views. Externally there is a licensed pavement café area.
The current drinks and food menu evokes Mediterranean, Arabian and South China influences and there are large and small plate food options which incorporate flavours from the Maritime Spice Routes.
New operators could develop this theme or alternatively take the food offer in a different direction.
Services
Electricity, Water and Gas are installed to the site.
EPC
Rating – tbc.
Business Rates
The premises are assessed as follows:
Rateable Value £56,000
Tenure
The premises are held on a 20 year lease from March 2018 at a passing rent of £45,000 per annum. There is a small service charge which covers the cleaning and maintenance of the rear courtyard.
Business Rates
The premises are assessed as follows:
Rateable Value £56,000
Accommodation
Floor area 250 sq.m. (2,700 sq.ft.)
Lower Ground Floor
Ladies & Gents Toilets
Office
Ground Floor
Kitchen
Seating Area
First Floor
Main Bar Area
Mezzanine
Seating / Performance Space
Second Floor
Restaurant
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.
