Rent: £50,000 - £50,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
LOCATION AND SITUATION
The property is located on Sandhill, one of the main leisure locations on the Quayside and playing host to a number of popular operators such as Aveika, Red House, Sambucas, Uno’s, The Bridge Tavern, and Babucho’s to name a few. Hotels such as the Vermont, Vermont Aparthotel and easyHotel are also neighbouring the subject property.
The building is situated under the Tyne Bridge and faces the historic Guild Hall and Swing Bridge. It is well connected being only a 5 minute walk from Monument, and located less than ½ a mile from Newcastle central station and Metro lines. There is also a bus stop outside the building, with a pedestrianised street and main quayside road linking directly to the entrance.
The property comprises of basement, ground and first floor and is partially fitted A3 restaurant accommodation. The basement houses a large prep kitchen, walk in fridge, staff office, staff WC’s, and separate male & female customer WC’s. The ground floor is arranged as the main dining area with a large bar in place across the eastern wall. On the first floor there is an open kitchen facility surrounding by dinning space. A dumb waiter services the building linking both kitchens and all floors. There is extraction in place from the previous occupier, and bin storage and loading from Queen Street at the rear.
The floor areas are approximately as follows:
|Lower Ground Kitchen & Ancillary||1,201 sq ft||112 sq m|
|Ground Floor Restaurant & Bar||1,468 sq ft||136 sq m|
|First Floor Kitchen/Restaurant||1,341 sq ft||125 sq m|
Premises License Number: PREMOOCJ1650
Sale of Alcohol by Retail – Every Day 11:00 – 00:00
Playing of Recorded Music and Similar – Every Day 11:00 – 00:00
Late Night Refreshment – Every Day 23:00 – 00:00
Opening Hours – Every Day 11:00 – 00:30
Additionally, there is provision for a pavement licence. Further details of the licences available upon request.
A full repairing & insuring Assignment or Sub-lease is available expiring 6th August 2021. Alternatively a new full repairing and insuring term may be granted.
Offers in the region of £50,000 per annum exclusive for the leasehold interest are invited. Nil Premium.
All figures quoted in these terms are exclusive of VAT where chargeable.
The property has an EPC rating of D89. A full copy of the certificate is available upon request.
We are advised by the local authority that the premises are assessed as follows:
|Estimated Rates Payable||£26,964|
Each party will bear their own respective legal costs incurred in connection with this transaction.
All viewings are strictly by prior appointment through:-
DD: 0191 280 4239
M: 07713 151970
DD: 0191 280 4236
M: 07515 831 417
Property type: Leisure
Rateable value: £53,500
Planning use: A3
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