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Newcastle upon Tyne, 105 Percy Street
Newcastle upon Tyne, 105 Percy Street

Rent: £59,950 - £59,950

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


This unique leisure opportunity is situated prominently on Percy Street adjacent to the main Newcastle University Campus, directly opposite the Haymarket Metro Station and within close proximity to both Northumberland Street and Eldon Square, the prime retail areas within Newcastle city centre, RVI Hospital, the Civic Centre, the City Hall, the Northern Stage, St James’ Park Football Stadium and the Great North Museum. This locality therefore benefits from substantial footfall throughout the day and evening.  The subject leisure opportunity is situated within the ground floor and basement of a three storey Victorian building which is partly Grade II listed. The Bruce Building was significantly refurbished in 2015 and comprises of several offices and fifty-seven residential apartments which are occupied by students, young professionals and a range of corporate and leisure visitors.

 

ACCOMMODATION

We understand that the property comprises of the following approximate net internal floor areas:-

Bar/Café 1,157 sq ft
Stores/Disabled WCs 89 sq ft
Basement Kitchen 336 sq ft
Basement Prep Area 319 sq ft
Storage/Staff/WCs 352 sq ft
TOTAL 2,253 sq ft

LICENSING

Supply of Alcohol Every Day 10.00-00.00
Playing of Films, Live and Recorded Music Every Day 10.00-00.00
Late Night Refreshment Every Day 23.00-00.00
Opening Hours Every Day 07.00-00.30

Full details of the licence and suppliers in place are available upon request.

 

RENT/TERMS
The premises are available at an initial rent of £59,950 per annum. The unit is available by way of a new effectively full repairing and insuring lease for a term of 10 years, subject to an upwards only rent review in year 5.

 

PREMIUM
Our client has fully fitted out the bar/café (with the exemption of the bar top,furniture, signage and window display) and they are looking for the benefit of this fit out to be rentalised over the
duration of the lease, further details are available upon request. A full schedule of the fit out/equipment/specifications is available upon request.

 

BUSINESS RATES
The business rates will need to be reassessed upon occupation or practical completion of the proposed refurbishment works. We would therefore recommend that any interested party make their own investigations with regard to this matter and the likely estimated rates liability for the proposed use of the leisure unit by contacting the Local Rating Authority (Newcastle City Council).

 

EPC
The Energy Performance Certificateis available upon request.

 

VIEWING
Strictly  by prior appointment through;
Jonathan Chapman
E: jonathan@atretail.co.uk
T: 07949 938 210

or joint agent;
Richard Bradley
E: richardbradley@waltonrobinson.com
T: 0191 211 3969

Property type: Leisure

Rateable value: £TBC

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