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Retail / Coffee Shop

Heaton £16,250 per annum Leasehold (fees apply) REF: NE1491

Location

 

The business opportunity forms part of a busy parade located on Chillingham Road in the popular residential area of Heaton to the east of Newcastle. Nearby occupiers include Tesco Express, Subway, Domino Pizza and Betfred.  The street is popular with a range of multiple and good quality independent occupiers.

 

In addition to the high levels of captive trade from the residents, shoppers and office workers there is ample pull in parking for any passing trade.

 

Business Opportunity

 

A coffee shop business traded from the site until very recently but the unit could be suitable for a number of retail or food uses subject to landlord’s consent.

 

The premises were previously configured to provide internal seating for up to 30 covers and to the rear of the unit there is a compact galley kitchen plus separate ladies and gents toilets. 

 

Externally there is a part covered backyard area which also has tables and chairs, providing an additional 20 covers, but which could simply be used as storage by a more traditional retail operator.

 

Viewing is recommended to appreciate this well located unit which could lend itself to a number of uses.

 

Premises

 

Comprise a self-contained ground floor unit forming part of a larger three storey end terrace unit within a busy parade.

 

Ground Floor

Service Area / Coffee Shop circa 615 sq.ft. (57.1 sq.m.)

Kitchen with worktops and fitted units.

Ladies W.C.

Gents W.C.

 

External

Courtyard with some tables, chairs and shelters.

 Rates

 

The premises are assessed as follows

 

Rateable Value - £14,000

 

Rates incentives are available subject to status.

 

Tenure

 

The premises are available on a new FRI lease at a current rent of £16,250 per annum.  Full terms to be agreed and a rent bond may be required.

 

Legal Costs

 

The ingoing tenant will be responsible for the landlord’s reasonable legal costs in relation to the preparation of the new lease.

 

EPC

 

Rating – C.

 

Money Laundering Regulations:

 

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

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