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Cafe Vault, Newgate Street, Morpeth Property for sale
Cafe Vault, Newgate Street, Morpeth
£49,995
Cafe Vault, Newgate Street, Morpeth
£49,995
Our Summary
- Investment Potential
Description
This well-established café business is being sold in the heart of Morpeth, a popular market town with excellent road and rail links. The premises, located on Newgate Street, have a central location with high levels of passing trade and are close to a pedestrian access to the main town carpark and bus station. The café has 24 covers inside and 6 outside, with a unique seating area in the original vault and a lovely feature fireplace. The fitted kitchen and toilet facilities make it an ideal business opportunity. The property is held by way of a ten-year lease from December 2023, with a current passing rent of £20,000 per annum exclusive. The business has been trading successfully for many years and is a rare opportunity for a new owner to take over.