City centre restaurant opportunity opens as Mamma Mia moves on

Published on: 24th October 2016

A new opportunity has arisen for any aspiring restaurateurs looking to open a new venture in a renowned location in Newcastle, with the former Mamma Mia restaurant on Pudding Chare now available to lease.

Our Newcastle office has been appointed to secure a new tenant for the 1,650 sq ft unit, which has space for circa 70 covers. The light and airy space is also suitable for use as a bar or café subject to planning.

Commenting on the opportunity, Mark Convery, surveyor in our agency team, said: “This is an excellent opportunity to open a restaurant or bar in a thriving part of the city. With a new large student accommodation development due to open later this year, and both the Bigg Market and Newgate Shopping Centre undergoing significant improvements, footfall in the area will continue to grow providing a ready-made customer base for any new venture.”

The property is located at the northern end of Pudding Chare, which opens out onto the Bigg Market, with new student accommodation due to open at the southern end of the street by the end of 2016.

Mark continued: “Mamma Mia was a very popular eatery, and I am sure that anyone who takes on the lease will be a great success. We are already receiving a lot of interest in this unit, so we hope to have a new tenant agreed very shortly – any interested parties should contact us without delay, as we do not expect this to be available for long.”

The property is available on a leasehold basis, but an assignment or sub-lease is available on a full repairing and insurance basis, with terms to be agreed. The current passing rent on the property is £17,900 per annum.

Click here to view the property listing.

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Retail Agency

Our principal retail agency services include: Shopping Centre, High Street and Out of Town Retail Consultancy Disposals Acquisitions Innovative Marketing Solutions Development Appraisal Monitoring of retail requirements and trends Strategic Asset Management Strategy and Investment Funding   Our client base is spread across a wide spectrum of retailers, developers, investors and retail property owners and occupiers. With an established team of experienced focussed professionals our offices cover the whole of England and Wales and the Scottish Borders. We have an enviable reputation in the market amongst our clients and competitors alike. Each and every one of our clients is very important to us. We strive to work in partnership with our client to achieve the best possible results. To understand our client’s business and objectives is of huge significance and importance to us. Our appreciation of local market conditions and national retail trends helps us to achieve the best possible solutions to our client’s property issues. We are committed to achieving an innovative and multi faceted approach to our marketing of client’s retail property utilising both technology in all its complex forms and personal and direct communication with potential targets. We understand retailers and retail property.

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Our principal retail agency services include:

  • Shopping Centre, High Street and Out of Town Retail Consultancy
  • Disposals
  • Acquisitions
  • Innovative Marketing Solutions
  • Development Appraisal
  • Monitoring of retail requirements and trends
  • Strategic Asset Management Strategy and Investment Funding

 

Our client base is spread across a wide spectrum of retailers, developers, investors and retail property owners and occupiers.

With an established team of experienced focussed professionals our offices cover the whole of England and Wales and the Scottish Borders.

We have an enviable reputation in the market amongst our clients and competitors alike.

Each and every one of our clients is very important to us. We strive to work in partnership with our client to achieve the best possible results. To understand our client’s business and objectives is of huge significance and importance to us.

Our appreciation of local market conditions and national retail trends helps us to achieve the best possible solutions to our client’s property issues.

We are committed to achieving an innovative and multi faceted approach to our marketing of client’s retail property utilising both technology in all its complex forms and personal and direct communication with potential targets.

We understand retailers and retail property.

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Royal Quays Marina set to welcome popular North-East restaurant

Popular Newcastle pizza restaurant, The Herb Garden, has now been confirmed as the tenant and will open the venue – its second in the North East – in September 2016.  The Herb Garden was one of several parties interested in the premises, which comprises 1,863 sq ft and is situated in the Albert Edward Dock, in an area considered by many to be the North East’s finest boating location.

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Popular Newcastle pizza restaurant, The Herb Garden, has now been confirmed as the tenant and will open the venue – its second in the North East – in September 2016.  The Herb Garden was one of several parties interested in the premises, which comprises 1,863 sq ft and is situated in the Albert Edward Dock, in an area considered by many to be the North East’s finest boating location.

[fulltext] =>

Quay Marinas’ managing director, Simon Haigh, said: “Our vision was to attract a high-quality restaurant or café venture to the marina and in The Herb Garden we feel we are getting the best of both worlds.  With its penchant for quirky design and its delicious menu, it’s a fantastic fit for us and we are sure that it will prove to be popular with diners thanks to its waterfront location and our established visitor base.”

The venue aims to make the most of its waterside location, with a large outdoor seating area overlooking the marine basin.  The Herb Garden will have the feel of a relaxed café during the day, with a more intimate restaurant ambience in the evening.

Richard Marks, one of the co-founders of The Herb Garden said: “We’re thrilled to be expanding The Herb Garden out to a nautical setting while continuing to run our existing restaurant in Newcastle. We hope we can put our mark on what is already a beautiful and unique environment.”

We were appointed by Quay Marinas specifically to bring a restaurant or café to the site to enhance the facilities on offer and cement the Albert Edward Dock’s reputation as a leading leisure attraction.

Commenting on the opportunity, Mark Convery, agent in our Newcastle office, said: “The Herb Garden has become a well-established restaurant operator within Newcastle City Centre over previous years and to have acquired its second premises’ at Royal Quays Marina emphasises the growing ambition Richard and his business partners, Ryan Darrington and Lucy Clinch, have to drive the business forward. This was a unique development opportunity that will attract a variety of audiences to the Marina and hopefully make it flourish to its full potential.”

In addition to attracting thousands of tourists each year, the Royal Quays Marina has a current capacity for 350 berths plus 100 boats ashore, with the potential to accommodate 500 berths.  It is an established destination for yachts and motorboats from the UK and overseas, with regular cruises from Holland, Denmark, France and Germany.

There are over 1,000 residential properties on the Royal Quays site, with works due to commence on the adjoining Smiths Dock development imminently, which will bring a further 800 homes to the area and provide improvements to transport links.

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Agency - sales & lettings

Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers.

Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location.

We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction.

We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.

 

Contact Us

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