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No longer on the market

This property is no longer on the market

Restaurant

Restaurant
1208
Added > 14 days

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)
BUSINESS FOR SALE!!!

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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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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