Restaurant/cafe to let in Stowell Street, Newcastle Upon Tyne NE1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Newcastle city centre restaurant opportunity
- Self-contained ground floor entrance
- 8,224 sq ft across 3 floors
- Asking Rent: £75,000 per annum
- F&F available by separate negotiation
Property description
Location
The property is situated on Stowell Street in the centre of Newcastle upon Tyne in the area well known locally as China Town.
The street is home to several Chinese and other east Asian restaurants and other businesses associated with this community including a Chinese supermarket.
The building is the last building on Stowell Street, next door to the Wing Hong Supermarket and a short walk from Hadrian’s Tower.
Description
The property comprises a three storey, end terrace brick-built building with a self-contained ground floor entrance. To the first floor there is a large open plan dining room with a bar area, male and female WCs as well storage.
The second floor incorporates a private function room with its own bar as well as the kitchen which is linked to the first floor via a dumbwaiter and has the benefit of two cold freezer/cold rooms. There are both male and female as well as staff WCs on the second floor as well.
Accommodation
Ground Floor 26.21 sq m 282 sq ft
First Floor 350.33 sq m 3,771 sq ft
Second Floor 387.53 sq m 4,171 sq ft
Total 764.07 sq m 8,224 sq ft
Terms
The premises are available by way of a new full repairing and insuring lease at an asking rent of £75,000 per annum (exclusive). All other terms are to be agreed by negotiation including existing fixtures and fittings.
VAT
All figures are quoted exclusive of VAT where chargeable.
Rating assessment
The 2023 rating assessment appearing on the Valuation Office Agency list is £42,750. The small business rate multiplier for the year 2023/2024 is 49.9 pence in the pound.
Energy performance certificate
An EPC has been commissioned and will be made available asap.
Legal costs
Each party is to be responsible for their own costs incurred in the transaction.
Anti-money laundering regulations
In accordance with anti-money laundering regulations, two forms of identification and completion of George F White anti-money laundering compliance will be required from the successful tenant.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
George F White., NE1 on +44 191 244 9616 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by George F White., and do not constitute property particulars. Please contact George F White. 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.