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Coffee Shop & Bakery Opportunity

Newcastle upon Tyne

£25,000 (Leasehold)

REF: NE2146

Location

This business opportunity is located within a busy, fully occupied retail parade located at the junction of Coast Road with Benton Road.

This area of Newcastle comprises predominantly residential accommodation and lies between the suburbs of High Heaton and Heaton.

Business Opportunity

The lease for this unit was acquired in 2020 and the space was completely refurbished and fitted and equipped to operate as the main hub for an independent doughnut making business. 

All the equipment for the current business would be included in the sale but the trading name, and any of the intellectual property for the current business, Glazed, would not be transferred.

New owners would have the benefit of a fitted and equipped turnkey bakery space and immediate access to the local retail customers.  The current   business retails coffee, cakes and confectionery to customers but there is scope for a new operator to develop the current food and drink offer further.

Premises

Comprises a ground floor service area and prep space with window seating and a sales counter with a fitted and equipped bakery to the rear. Equipment will include a coffee machine, fridges, freezers, Buffalo convection oven, doughnut fryer and an extraction hood.  

Ground Floor             47sq.m. (505 sq.ft.)

Sales Area  

Bakery Area

Storage / Office Space

W.C.

External

Shared rear access

Fixtures & Fittings

An inventory will be available to bona fide purchasers prior to any exchange of contracts.

Rates

The premises are assessed as follows:

Rateable Value           £5,700

Rates free incentives subject to status.

Tenure

The premises are held on a 5 year lease from 2024 at a passing rent of £6,000 per annum. There is a rent review at the 3rd anniversary and a copy of the lease is available to bona fide enquiries on request.

EPC

Rating – B.

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.

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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