Northumberland Street, Alnmouth, NE66

DESCRIPTION: The subject property currently trading as Bistro 23 comprises a ground floor café premises providing open plan retail / seating area allowing for up to 38-40 covers, a large commercial kitchen, office, storage room and public W/C’s. In addition, the sale of the freehold includes the first-floor apartment comprising two double bedrooms, sitting room, kitchen, family bathroom and outdoor roof space.

LOCATION: The property is located in the increasingly popular coastal village of Alnmouth in Northumberland, northeast England. Alnmouth is 4 miles south-east of Alnwick and 35 miles from Newcastle. Alnmouth is an extremely popular tourist location with attractions such as Alnmouth Beach, Alnmouth Golf Club the oldest 9 hole course in England and Foxton golf course one of the most desirable in the North East. The subject property is situated in a prime position on Northumberland Street which is home to an array of pubs, restaurants, delis and small independent shops intermixed with high value residential housing. Alnmouth benefits from fantastic transport links with direct access to the east coast mainline, bus routes and easy access to the A1.

THE BUSINESS: Bistro 23 is a long established tea room & restaurant set in the heart of Alnmouth one of the most popular locations on the Northumberland Coast. The business is a lovingly family run venture that has operated in this spectacular location since 2003 and is to come to the market to allow retirement. The property is utilised as a tea room throughout the day opening 6 days a week and 7 days in the high tourist season. In the evening, the property is used as a restaurant providing he very best produce, flavours and hospitality Northumberland has to offer, sourced from local farms, rivers, coast & gardens. Tables for the 38-40 covers are not turned over during an evening service and opening hours are reduced to just 4 evenings a week and does not include a Friday service. There is therefore significant opportunity to increase turnover and profit from an already successful business. Attractive accounts are available on request.

ACCOMMODATION:
Ground floor cafe - 1,246 sq ft / 115 sqm
First floor apartment - 1,163 sq ft / 108 sqm

TERMS: A premium of £750,000 is sought for the fixtures, fittings and goodwill or the business, premises and the first floor apartment.

Cafe EPC: C / Apartment EPC: E

RATING ASSESSMENT: The rateable value of the premises as at 1 April 2023 is £9,900 and the estimated rates payable for the current year is £4,940.1. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.