Commercial investment in seaside village of Craster brought to market
Specialist business property adviser, Christie & Co is pleased to be marketing the freehold investment of the property occupied by Shoreline Café & Shop, a very popular and successful business in Craster, Northumberland.
The property is situated in the heart of one of Northumberland’s most popular coastal villages, which sits within the Northumberland Coastal Area of Outstanding Natural Beauty and enjoys good
access to the A1 and A1068 dual carriageways, with the market town of Alnwick within 10 miles and the city of Newcastle upon Tyne circa 40 miles away.
The business has built a loyal community following and has traded successfully in the village for a number of years. Trade is also significantly boosted by year-round tourist trade due to Craster’s popularity as a domestic holiday destination. The café and store are situated within a traditional stone fisherman’s cottage, which has undergone a modern refurbishment to create a bright and relaxed open plan café space, with a distinctly coastal interior style. The rear of the property features an enclosed modern decking area, with additional seating.
At first floor level is a modern self-contained holiday-let with separate access, comprising two bedrooms, two en suite shower rooms, an open plan kitchen, lounge and dining room. The apartment is currently utilised as private living accommodation.
The sale of Shoreline Café & Shop presents a rare opportunity for an investor to purchase a commercial premises with a secrure rental income of £25,000 per annum. The tenants purchased the business and signed a new, 10 year lease in April 2019.
David Cash, Associate Director at Christie & Co is handling the sale and comments, “The business has consistently traded well and the tenants signed a new lease just last year, which should give confidence to an investor as to the viability of the business. Craster was even busier than usual this summer due to the Covid-19 pandemic and the increased number of UK holiday makers. Again, this should add comfort to the viability and longevity of the current arrangement.
“We are seeing increased demand from buyers looking to purchase freehold commercial property in the countryside or at the coast, as they see it as a secure investment, given the likely popularity of such locations for years to come. Our clients have decided to sell the property to help fund the purchase of another hospitality business on Tyneside.”
Shoreline Café & Shop is currently on the market on a freehold basis with a tenant in situ, with a guide price of £525,000.
For further information on this press release, contact: Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
David Cash, Associate Director
P: +44 191 269 7025 or E: David.cash@christie.com
