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• Modern and popular trading bar.
• Turnover circa £525,000 per annum.
• GP margin circa 65% - 70%.
• Scope to develop daytime trade.
• Licensed till 2am.
• 125 person capacity including VIP area.
• Leasehold price £200,000
We are verbally informed that the premises are held on a 15 year lease from September 2019 at a rent of £30,000 per annum plus VAT. There is a service charge contribution of £6,800 per annum.
£30,000 per annum
The premises are located on the Riverside level of the Prince Bishops Shopping Centre adjacent to Elvet Bridge and looking directly onto the River Wear. Durham is an extremely busy and popular City approximately 15 miles due south of Newcastle upon Tyne with the benefit of a mainline railway station and direct access to the A1(M). The River Wear loops round the Romanesque Cathedral and the Norman Durham Castle and there is highly reputable University. All these factors help draw visitors and tourists into the City throughout the year.
The premises comprises a ground floor unit forming part of the main Shopping Centre with access from within the Centre and also from Elvet Bridge.
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