The premises are located in Monkseaton which is a popular and pleasant suburb just to the west of Whitley Bay and the seafront. Cauldwell Lane is the main road running through the suburb and leads out towards the A19 and A1058 Coast Road and Tyne Tunnel.
The shop occupies a prominent corner location at the junction of Cauldwell Lane with Crawford Place with very high levels of passing traffic and the benefit of ample pull in street parking.
This is a long established and very reputable sandwich business which has been in our clients’ owner ship for the past 11 years. The business has been placed on the market as our clients wish to retire.
The premises are currently configured to provide a waiting, service and preparation area as you walk into the unit and then to the side there is a separate seating area with circa 10 covers plus some window seating. The business offers a traditional range of hot and cold drinks and sandwiches together with salad boxes and jacket potatoes. There is scope to develop the menu further and also to extend the weekday trading hours but, in particular, by opening on a Saturday where there is a genuine demand.
Comprise a self-contained ground floor lock up unit with return frontage onto a busy main road.
We are verbally informed that a new 10 year lease will be available with a 3 year rent review pattern and a commencing rent of circa £7,000 per annum. References and some background information are likely to be required by the landlord and the ingoing tenant may be responsible for the reasonable legal costs in the preparation of the new lease.