Restaurant
Features and description
- Business For Sale
- Prominent Position
- Fixtures and Fittings Included
- Available by Way of New Lease Terms
- NIA 112.2m2 (1208 sq ft)
NEW LEASE TERMS AVAILABLE
The subject business is a ground floor community cafe/coffee shop, local hub located in South Shields. The business has been very popular with local residents with the delicious home baked scones, cakes, hot & cold breakfasts and craft groups/ craft workshops. The coffee shop currently has seating for 40 people inside, it is a very popular loaction with locals and visitors. The business is been ran at reduced hours Tues - Sat 09:00 - 16:00 licence allows Mon - Sat 08:00 - 21:00.
Rooms
Location
The subject property is well located along Highfield Road. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 1.9 miles from South Shields town centre and approximately 10.8 miles from Newcastle city centre.
Accommodation
Restaurant (16.2m, x 5.1m)
Kitchen (6.9m x 3.0m)
Store (3.0m x 2.3m)
W.C.
Business Details
The subject business is running and trading as ''coffee by name'' the owner is very self efficient and runs alone. The business is been ran at reduced hours Tues - Sat 09:00 - 16:00 licence allows Mon - Sat 08:00 - 21:00. we are advised that the business produces a healthy profit boasting a net profit in 2022 of £22,000.
Lease Terms
Available by way of new lease terms.
We are advised that our client is holding over current lease terms at £600pcm (£7,200 PA).
Rateable Value
The adopted rateable value is £7,300 as of 1st April 2023.
Sourced from VOA.
EPC
Available upon request (rating C).
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