Commercial Property for sale

Shoreline Cafe & Shop, 1 Church Street, Craster, Alnwick, Northumberland, NE66 3TH

Guide Price £425,000

Property Description

Commercial information

  • Business for sale

Key features

  • Popular cafe/bistro and village store
  • 2 bed apartment/holiday let above
  • Investment sale, 5.9% Gross Yield
  • 10 year IRI lease with rent of 25,000
  • Located in the heart of Craster
  • Energy Rating D
  • Christie & Co Ref: 6467061

Full description

Tenure: Freehold

Description

The entire premises is let to one tenant on a 10 year lease which commenced in April 2019 at a passing rent of £25,000 per annum.

The cafe and shop business has traded successfully for a number of years and benefits from a loyal community following but trade is significantly boosted by year-round tourist trade.

Location

The property occupies a central position in one of Northumberland's busiest and most popular coastal villages, Craster, which sits within the Northumberland Coastal Area of Outstanding Natural Beauty. There is good access to the A1 and A1068 dual carriageways, with the market town of Alnwick within 10 miles and the city of Newcastle upon Tyne circa 40 miles away.

Internal Details

The ground floor is presented in a traditional style with modern, contemporary influences with a distinctly seaside feel.

Ancillary areas include a till servery/coffee station, commercial grade catering kitchen and male, female and accessible toilet.

Other Floors

At first floor level is a self-contained 'holiday-let', with separate access, comprising two bedrooms, two en suite shower rooms and an open plan kitchen, lounge/dining room. The apartment is fitted out to a very high standard and is currently utilised as private living accommodation.

Tenure

The property is offered for sale freehold, as an investment with a tenant in situ. The tenant took occupancy in April 2019 having signed a 10 year lease at a commencing rent of £25,000.

A detailed lease summary and a copy of the full lease are available and can be provided to seriously interested parties on request.

External Details

There is an enclosed, modern decking area with further seating.

There is parking for two cars in front of the building.

The Opportunity

The sale presents the rare opportunity for an investor to purchase a freehold commercial property in the affluent and popular tourist village of Craster.

The café/shop business has consistently traded well and the tenants have recently signed a new lease which should give confidence to an investor as to the viability of the business.

Demand for holiday accommodation in Craster is robust, adding further comfort to the viability/longevity of the current arrangement.


More information from this agent

Nearest station

  • Chathill (6.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Chathill (6.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6467061-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , Newcastle Upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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