39B Groat Market, Bigg Market, Newastle Upon Tyne, NE1

Description

The premises is arranged over First and Second Floor. Internally, the property offers an open-plan restaurant space which has been stripped back to a neutral shell, offering a blank canvas for a new occupier to implement their own fit-out and design scheme. Existing infrastructure for a bar installation, including associated pipework, is also in situ, providing a useful starting point for an incoming operator.

Location

An exceptional opportunity to acquire a licensed city centre leisure premises in the vibrant Bigg Market. This historic part of Newcastle is one of the city’s most lively and characterful destinations. The property sits in a high profile position with strong visibility and dependable footfall throughout the day and evening. Its central setting places it close to major offices, independent retailers, national brands, boutique hotels and several key tourist landmarks.

The area is well connected with excellent transport options. Monument Metro Station is within easy reach, along with several major bus routes. Newcastle Central Station is a short walk away, providing regional and national rail links. These strong connections make the location convenient for visitors travelling from across the city and beyond.
Terms

The property is available to let by way of a new lease for a term of years to be agreed at £90,000 per annum.
VAT

Premises Licence: PREM00CJ2383

The premises benefits from a Premises Licence issued by Newcastle City Council, authorising the sale of alcohol for consumption on the premises, late-night refreshment, exhibition of films and playing of recorded music.

The licence permits licensable activities from 11:00am to 1:00am, Monday to Sunday, with late-night refreshment permitted between 11:00pm and 1:00am daily. Alcohol is authorised for on-site consumption only.

The premises is licensed to operate as a restaurant, with alcohol served to seated customers taking a table meal, with waiter/waitress service. The licence is therefore well suited to a range of restaurant and food-led leisure operators, subject to the terms and conditions of the existing licence.

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Rating

The rateable value of the premises as at 1 April 2026 is £28,500.