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Cafe Hot Food Takeaway Opportunity In Jesmond For Sale

Tyne and Wear, UK
Asking Price:
£39,950
Turnover:
Not applicable
Net Profit:
Not applicable

• Rare opportunity to acquire food use lease.
• Formerly traded as a coffee shop then Mexican cafe.
• Prime location within Jesmond.
• Premises alcohol licence.
• Huge potential for motivated operators.
• Suitable for a variety of uses.
• Premium for lease £39,950

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are held on a 10 year lease from 2020. The current rent is £25,000 per annum. Interested parties should seek legal confirmation of this.

Leasehold Rent:

£25,000 per annum

Location:

The premises are located within a busy terrace of shops on the prime street in the heart of this ever popular suburb of Newcastle.

Nearby tenants include Tesco, Waitrose, Starbucks and Greggs plus an extensive range of independent, high end, retailers.

Premises Details:

This unit has operated as a food outlet for a number of years, originally as a coffee shop but more recently as a Mexican café and small restaurant.

The current tenant is operating a pizza slice business and originally offered both sit in and collection service but during the pandemic the business has operated a collection only service. The lease has been placed on the market as our client is planning to relocate abroad.

The premises could be configured by a new tenant to incorporate seating and the coffee shop operator had circa 18 - 20 internal covers plus a service and prep area. There are extremely high levels of passing and captive trade and this is an affluent area with a wide cross section of private residents. A high number of students live in this part of the City and they provide potential trade opportunity throughout the day.

This is an extremely rare to the market opportunity and viewing is recommended to appreciate the levels of both passing and captive trade.

Energy Performance Rating:
D  View EPC Graph for this property

Business Operation

Reasons for selling:

The lease has been placed on the market as the vendor is planning to relocate abroad.

Other Information

Contact North East Commercial

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