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Cafe Vault, Newgate Street, Morpeth Property for sale
Cafe Vault, Newgate Street, Morpeth
£10,000
Cafe Vault, Newgate Street, Morpeth
£10,000
Our Summary
- Investment Potential
Description
This well-established café business is being sold in the heart of Morpeth, a popular market town just north of Newcastle upon Tyne. The café has a unique charm, with a quirky seating area in the original vault and a feature fireplace. The premises have 24 covers inside and 6 outside, with a fully fitted kitchen and toilet facilities. The business has been trading successfully for many years and is a rare opportunity for a buyer to take over a established operation. The café is located close to a pedestrian access to the main town carpark and bus station, ensuring high levels of passing trade. The leasehold property is held for a term of 10 years from December 2023, with a current passing rent of £20,000 per annum. The business accounts are available to view by prior appointment at the Mike Rogerson Estate Agents' Morpeth office.