• Restaurant / Café Opportunity.
• Located adjacent to Northumbria University.
• Dining area for up to 30 covers plus service area.
• Most recently operating as a Noodle Bar.
• Suitable for a variety of food uses.
• Spacious kitchen and prep area.
• PREMIUM £5,000 to include agreed fixtures.
- Asking Price:
- £5,000 Furniture / Fixtures included
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
Property Information
- Property:
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Leasehold
- Lease Terms:
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We are verbally informed that the premises are held on a lease for a term of 10 years from 1st May 2018 at a current rent of £27,500 per annum. Rent review at the 5th anniversary.
- Leasehold Rent:
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£27,500 per annum
- Location:
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The premises form part of an imposing four storey property located within Ellison Place, adjacent to Northumbria University.
Ellison Place is within approximately 0.5 mile of the City centre shops and offices and access is straightforward via Saville Place and Ellison Tce. There are extremely high levels of captive trade from the University and there is also potential trade available from shoppers and office workers due to the proximity of the City centre.
- Premises Details:
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These premises were refurbished throughout in 2017 and configured to provide a restaurant and dining area for circa 30 covers with a good-sized kitchen and prep area to the rear.
Whilst the unit most recently operated as a noodle bar, the space would be suitable for a variety of cuisines or other food uses. The lease permits all uses within former Planning Class A3.
The kitchen is spacious and the equipment in the dining area and kitchen space will be available as part of the purchase, subject to agreement.
- Energy Performance Rating:
- E View EPC Graph for this property
Business Operation
- Trading hours:
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Permitted Trading Hours - Monday-Saturday 7am - 9am
