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Sandwich Bar / Deli

Newcastle upon Tyne £95,000 Leasehold (fees apply) REF: NE2053

Location

The premises are located within a busy and popular leisure area on Collingwood Street which runs along from Central Station towards Mosley Street and the City centre.

Collingwood Street offers a mixture of accommodation which includes upper floors of offices with ground floor occupiers that are more leisure orientated. This part of the City is going through some redevelopment at the moment, with a number of new bars and also a hotel under construction immediately next door.

Business

27 Collingwood Street is the site of a former Camera Shop built in 1907 and retains the original fit-out and signage lending it a unique charm The business operates as a sandwich deli and coffee shop and has been in the same ownership for 16 years.  It is on the market as the owner wishes to pursue other business interests.

The premises are in good order and are fully fitted and equipped for the trade. The menu comprises a bespoke selection of sandwiches, salads and paninis, all of which are made to order. Home baking confectionery, and hot and cold drinks are also available across the counter.  The business has a loyal and developing customer base comprising office workers, shoppers & students with a very high level of repeat trade.

The short hours trading regime is through personal choice, rather than custom, and there is scope for new owners to develop the business and to extend the trading hours, particularly by opening later or over the weekends.

New owners could look at offering other services, such as outside catering, delivery rounds, or even developing a pop-up store for markets and events. The business is a rare to the market opportunity with strong profit margins and the potential for further growth in the right hands.

Premises

Comprise a self-contained ground floor and basement shop which forms part of a much larger property.

Ground Floor

Retail / Service Area         circa 17 sq.m. (180 sq.ft.).

Basement

Kitchen / Prep / Stores     circa 28 sq.m. (300 sq.ft.).                               

EPC

Rating - D

Staff

Operated by our client (1) with the help of 2 staff.

Fixtures & Fittings

A full inventory would be made available to bona fide purchasers prior to an exchange of contracts.

Trading Hours

Monday - Friday                   7.30am - 2.00pm

Saturday & Sunday                    closed

Rates

The premises are assessed as follows:

Rateable Value     £7,800 (2023 list)  

Rates free incentives subject to individual status.

Tenure

The premises are held on a 10 year EFRI lease from May 2024 at a passing rent of £9,500 plus VAT per annum. There are break clauses and rent reviews at the 5th anniversary.  Further details available on request.

Terms of Sale

The shares for Hippo House Limited are being sold. Further details on application.

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.

 

 

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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