Newcastle upon Tyne, Fitted Cafe, City Library

Rent: £12,000 - £12,000

Region: Tyne and Wear

Town/City: Newcastle upon Tyne

LOCATION / SITUATION
Newcastle City Library is located at the heart of the city centre on the corner of John Dobson Street and New Bridge Street West, set back off Northumberland Street. It sits opposite the 42 acre Pilgrim Street Development which will house HMRC’s head office as well as housing, office, leisure, and retail accommodation.
The subject café space sits on level 2 of the City Library with internal access through the library and a ground floor frontage & main entrance facing onto Princess Square.

 

ACCOMMODATION
Arranged over one level plus loading areas, bin stores and potential for external seating, the opportunity provides the following approximate floor areas:

Servery and Seating Area	109 m²	1,173 ft²
Fitted Kitchen	34 m²	366 ft ²
Store	10m²	108 ft²
Public WC’s	36 m²	387 ft²
Staff WC’s	5 m²	54 ft²

Potential for additional external seating & Separate Internal Coffee Cart – To be discussed.

 

LEASE TERMS
A new 5-year contract with mutual annual break clauses will be provided on an all-inclusive basis (excluding Business Rates), at an annual rent of £12,000 per annum exclusive. This all-inclusive rent includes Rent, Utilities, Service Charge, Building Insurance, & Bin Collection Facilities.

 

BUSINESS RATES

Rateable Value	£28,750
2021/2022 UBR	£0.499
Estimated Rates Payable	£14,346 / £4,734*

Up to 75% Business Rates Relief Available. Interested parties are advised to make their own  Business Rates enquiries with the relevant Local Authority.

 

OUTLINE CRITERIA
The Concessionaire must provide a range of good quality breakfast, lunch, snacks and beverages, including healthy options, and be open in line with the library opening times. Interest that meets the criteria will be entered through a tender process with Newcastle City Council to secure the site.

 

COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

 

VIEWING
Strictly via Appointment. For enquiries, viewing, and general information, please contact:
Pete Townsend
E : pete@atretail.co.uk

T: 07713 151 970