Location
The opportunity is located on Market Lane, a busy road which runs parallel with the A1 Western Bypass from Dunston through Swalwell to Blaydon.
The immediate area is mixed use with a range of commercial, retail and residential property all close by. There is a free car park to the side that is used by tenants and their customers.
Business Opportunity
This former retail unit was converted into a micropub around 2018 and is configured to provide a main bar and seating area to the front and then up a step there is another seating space together with some toilets.
The space is fully fitted and equipped as a small microbar and is a genuine “turn key” opportunity for a new owner. To the ground floor there is a cellar space which is also fitted out for bar use.
The landlord would also be willing to rent the unit out for alternative uses.
Terms
The premises are available on a new lease with an asking rent of £750 per calendar month. The tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the new lease.
Business Rates
The premises are assessed as follows:
Rateable Value - £5,700
Rates free incentives subject to status.
EPC
Rating - E
A copy of the certificate would be available on request to any interested party.
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.