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Food Opportunity

Newcastle upon Tyne £25,000 per annum Leasehold (fees apply) REF: NE1497

Location

The premises are situated on Chillingham Road which is the principal road running through the heart of Heaton, a popular suburb to the east of Newcastle City centre.

The subject property forms part of a small parade on Chillingham Road close to the Sainsbury’s Local and within what is the main shopping area serving this community.  Other nearby occupiers include Tesco, Subway, TSB Bank and a multitude of independents.  There is ample free parking on Chillingham Road.

Business

This opportunity comprises of a rare chance to occupy a modern café/restaurant premises prominently situated within this thriving suburb.

The ground floor has been immaculately refurbished with a high quality finish and the ground floor is configured to provide a large service and dining room with a kitchen and prep area at the rear.   The dining area is set out to provide up to 30 covers and is fully air conditioned. 

To the first floor there is an office and staff facility plus some unutilised space that could be converted to a kitchen, allowing the ground floor dining area capacity to increase to 80.  The unit would be suitable for a variety of food uses and is licensed till 11pm, 7 nights a week, and viewing is recommended to appreciate the fit. 

External

There is a small yard to the rear used for access to the first floor and bin storage.

Potential Trading Hours

The premises currently have permission in place to open from 7.30am – 11pm, 7 days per week.

Fixtures & Fittings

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

Rates

The premises are assessed as follows: 

Rateable Value £12,250

Rates free incentives subject to individual status. 

Tenure

The premises are held on a 5 year lease from February 2018.  The current rent is £23,500 p.a. until Feb 2020 then will increase to £24,000 p.a. for the remainder of the term.

EPC

Rating C.

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