1/14

Assemble, 3 Old Eldon Square, Newcastle Upon Tyne, NE1 7JG

£65,000

Bedrooms
0
Bathrooms
0
Tenure
Leasehold
Agent
Rook Matthews Sayer
Floor Area
701 sq ft
Price / sq ft
£93
Listed 1d agoUpdated 13h ago

Property insights

For you

Price in context

Property Summary

This well-established independent café, restaurant, and wine bar is located in a prime Newcastle city centre position at 3 Old Eldon Square, adjacent to Eldon Square Shopping Centre. The attractive basement premises extend to approximately 65.1 sq. m. (700 sq. ft.) and offer seating for 20 internally, with an additional 24 covers externally across a private fenced terrace and pavement licence. Recently refurbished with significant investment in fixtures, fittings, and equipment, the business benefits from a loyal customer base and strong weekly turnover of £8,000 to £8,500. The lease runs from January 2025 to January 2030, with rent set at £15,000 plus VAT per annum, and the property qualifies for small business rates relief. This turnkey opportunity offers excellent scope for a food-led operator seeking high visibility and substantial footfall in a vibrant commercial area.

Go to advert