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Commercial
Type: For rent
Tenure : Leasehold
Class: A3 Restaurants and Cafes
Address: Newcastle upon Tyne, Tyne and Wear, UK
Categories:
Restaurant
Rent: £75,000
Min size: 3,450.00 sq ft

Location:

The premises is located in Newcastle close to the River Tyne which is a well known area called Quay Side which host to a wide variety of bars and restaurants which include: Café Rouge, Browns, Carluccios and Brewdog to name but a few. Manor train station is a 10 minute walk away.

 

Description:

The ground floor is an entrance to the basement where the fully fitted restaurant predominately trades from. The basement trading space is laid out to accommodate 112 covers with a fully fitted kitchen with an extraction system. At the rear of the basement there are storage rooms and male & female WCs.

 

Floor Areas:

Basement: 320.52 m2 / 3,450 Sq. Ft.

Total: 320.52 m2 / 3,450 Sq. Ft.

 

Tenure:

We are offering an assignment of the existing Full Repairing and Insuring lease for a term of 15 years from June 2011, subject to 5 yearly rent reviews. It is understood that the lease is granted inside the security of tenure provisions of the Landlord and Tenant Act 1954.

 

Passing Rent:

£75,000 per annum exclusive

 

Premium:

Offers invited

 

License/Planning:

The premises benefits from A3 planning use and an alcohol license is in place allowing the sale of alcohol the following times: Monday-Sunday: 11.00am - 1.30am.

 

Confidentiality:

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they unaware of an impending sale.

 

Holding Deposit:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.

 

Possession:

Immediate upon completion of all legal formalities.

 

Viewings:

Through the vendors agent:

CDG Leisure (Attention of David / Emma )

m: 07507 880 040 / 07508 331 678

e: davidk@cdgleisure.com / emma@cdgleisure.com

a: 17 Cavendish Square, London W1G 0PH

t: 020 7100 5520

f: 020 7100 5530

www.cdgleisure.com


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Restaurant for rent - Newcastle upon Tyne, Tyne and Wear, UK

Listed on: 19 February 2015
£75,000 Per annum
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