Cafe Vault, Newgate Street, Morpeth Property for sale

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Cafe Vault, Newgate Street, Morpeth Property for sale

Cafe Vault, Newgate Street, Morpeth
£35,000

Our Summary

  • Investment Potential

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: A well-established café business is for sale in the heart of Morpeth, a popular market town north of Newcastle upon Tyne. The café has a unique seating area in the original vault and a lovely feature fireplace, with 24 covers inside and 6 outside. The premises are close to a pedestrian access to the main town carpark and bus station, ensuring high levels of passing trade. The café has a fully fitted kitchen, toilet facilities, and is held by way of a 10-year lease from December 2023, with a current passing rent of £20,000 per annum exclusive. This is a rare opportunity to purchase an established business with a central location, and business accounts are available to view by prior appointment.