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.
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|
|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.
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.
|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.
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.
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.
Strictly via Appointment. For enquiries, viewing, and general information, please contact:
E : email@example.com
T: 07713 151 970
Property type: Leisure, Retail
Rateable value: £28,750
Planning use: E
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