Leisure/hospitality to let in Sandhill, Newcastle Upon Tyne NE1

£50,000 pa (£962 pw)
Leisure/hospitality to let
Interested in this property? Call +44 330 038 7422 * or Request Details

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Property features

  • Partially fitted restaurant in prime leisure location
  • Fully Licenced
  • Live music and pavement licence
  • Situated on the main leisure location on the Quayside
  • Nearby occupiers include a number of popular operators such as Aveika, Red House, Sambucas, Uno’s, The Bridge Tavern, and Babucho’s

Property description

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.

Description
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

licencing
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.

Lease term
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.

Rent
Offers in the region of £50,000 per annum exclusive for the leasehold interest are invited. Nil Premium.

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

EPC
The property has an EPC rating of D89. A full copy of the certificate is available upon request.

Rates
We are advised by the local authority that the premises are assessed as follows:

Rateable Value
£53,500

Estimated Rates Payable
£26,964

legal costs
Each party will bear their own respective legal costs incurred in connection with this transaction.

Viewing
All viewings are strictly by prior appointment through:-
Pete Townsend
dd: M: E:

Or

Ian Thurlbeck

dd: M: E:

Property info

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For more information about this property, please contact
@retail, NE28 on +44 330 038 7422 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by @retail, and do not constitute property particulars. Please contact @retail for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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