Percy Street Newcastle Upon Tyne ,For Sale

Percy Street, Newcastle Upon Tyne

Catering | For Sale

Per Annum £59,950

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  • Restaurant Space
  • Set Over Two Floors
  • 2,253 Sq Ft Total
  • Prime NE1 Location
  • Fully Fitted Kitchen
  • Operator Ready
  • High Spec Fixtures & Fittings
  • License In Place

This unique leisure opportunity is situated prominently on Percy Street adjacent to the main Newcastle University Campus, directly opposite the Haymarket Metro Station and within close proximity to both Northumberland Street and Eldon Square, the prime retail areas within Newcastle City Centre, RVI Hospital, the Civic Centre, the City Hall, the Northern Stage, St James’ Park Football Stadium and the Great North Museum. This locality therefore benefits from substantial footfall throughout the day and evening.

The subject leisure opportunity is situated within the ground floor and basement of a three storey Victorian building which is partly Grade II listed. The Bruce Building was significantly refurbished in 2015 and comprises of several offices and fifty-seven residential apartments which are occupied by students, young professionals and a range of corporate and leisure visitors.

Energy Efficiency Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

CO2 Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

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Rents & Terms

The premises are available at an initial rent of £59,950 per annum. The unit is available by way of a new effectively full repairing and insuring lease for a term of 10 years, subject to an upwards only rent review in year 5.

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