1 Old Eldon Square, Newcastle Upon Tyne, NE1

Currently occupier by the House of Brown, the property
occupies a Grade II–listed early-19th-century building in
Newcastle’s Old Eldon Square. The Portland stone façade and classical features are complemented by a sensitively
modernised interior.

The café is finished to a high specification with premium
materials, bespoke joinery, marble details and designer
lighting. It provides around 28 flexible covers, supported by a well-equipped commercial kitchen and back-of-house storage. Blending historic character with contemporary quality, this is a distinctive hospitality venue in the city centre, further enhanced by an external pavement licence for additional covers.

USE
We understand that the property benefits from consent for its current use that falls under Use Class E of the Town & Country Planning Use. Other uses may be considered subject to Landlord consent and necessary Planning Permission.

TERMS
By way of an assignment, the premises are held on a lease for a term of 10 Years with effect from 10 January 2025 on an Effective Full Repairing and Insuring lease. The current passing rent is £37,500 per annum. With effect from 2 January 2030 the rent will increase to £42,500 per annum exclusive of VAT. A new lease may be available dependent upon the covenant strength of any interested party.

PREMIUM
A premium will be payable for the current Tenant’s fixtures and fittings. Price available upon application.

ACCOMMODATION
We calculate the approximate internal floor areas to be as follows:

Ground Floor 60.96m² 657ft²

EPC RATING
B48

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £12,250 and the estimated rates payable for the current year is £6,112.75. This is based on the uniform business rates multiplier of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

TERMS
The subject property is available by way of a new lease with terms to be agreed. The rent is available on application.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.