Summary - 1b Rokeby Street,Lemington,Newcastle upon Tyne,NE15 8RR NE15 8RR
1 bed 1 bath Cafe
**Standout Features:**
- **Established Business:** Popular café with a turnover of approximately £85,000 p/a.
- **Spacious Interior:** 915 sq. ft. (85 sq. m.) accommodating 28 internal covers.
- **Recent Renovation:** Newly refurbished space with contemporary design and lighting.
- **Prominent Location:** Corner position on a bustling street, enhancing visibility.
- **Long Lease:** Leasehold until 2038, adding security to your investment.
- **Digital Presence:** Own website and social media enhance customer engagement.
**Potential Concerns:**
- **Short Lease Remaining:** Only 15 years left on the lease may impact financing options with lenders.
- **Local Area Challenges:** Higher crime rates and socioeconomic deprivation could pose risks.
- **Mortgages and Financing:** Properties with a short lease could face lending limitations.
Little Connies Kitchen is a prime opportunity for entrepreneurs seeking a well-regarded café in the bustling urban landscape of Newcastle Upon Tyne. Featuring a fresh, modern aesthetic and situated in a highly visible corner location, this café can easily capitalize on foot traffic. With 915 sq. ft. of space to cater to 28 patrons, the venue is tailored for both casual dining and takeout, perfect for the local community.
While the café benefits from a strong turnover and an excellent reputation, prospective buyers should be aware of the lease's remaining term, likely influencing future financing options. Additionally, the local area's socioeconomic challenges, including heightened crime rates, should be considered. However, with a lease in place until 2038 and a solid digital engagement strategy, this café promises potential for growth and profitability in a thriving neighborhood. Act fast to seize this opportunity—properties with such charm and established clientele don't last long!
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