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£195,000Retail property (high street) for sale
High Street, Bourton-on-the-Water, Cheltenham, Gloucestershire, GL54
Retail property (high street)
Features and description
VALUABLE CAFÉ BUSINESS FOR SALE AS A GOING CONCERN - WELL POSITIONED AT THE EASTERN END OF THE HIGH STREET
VALUABLE CAFÉ BUSINESS FOR SALE AS A GOING CONCERN
Lock-up café situated in one of the Cotswolds’ busiest tourist towns.
Good High Street location.
82.90 sq m / 892 sq ft.
PROPERTY DESCRIPTION
The Property
The property comprises a prominent, double-fronted, ground floor retail unit with good display windows, situated at the end of a highly visible parade of shops on approaching the village center.
The Accommodation
Attractive main / front café with table seating area 7.94m x 7.25m (26’1” x 23’9”) and serving counter/kitchen area 6.27m x 3.07m (10’7” x 10’1” and forming part of the overall dimensions)
maller rear seating area 4.28m x 2.54m (14’1” x 8’4”)
Store and WC
Equipment, Fixtures & Fittings
The sale is to include all Café equipment presently on the premises, including the tables, chairs, kitchen equipment (cooking appliances, fridge, coffee machine, food preparation counters, etc.), china, glasses, cutlery, tableware, and decorative items.
A full inventory of items will be prepared and agreed for inclusion in the sale agreement.
Lease
The Café is presently held on a Full Repairing and Insuring Lease for a term of 15 years from 7th June 2021 (expiring 6th June 2036) at a passing rent of £24,000 per annum, subject to review at the end of every 4th year of the term. There are also tenant’s options to break from the lease in 2026 and 2031 on giving 6 months clear notice.
Services
Mains water, electricity and drainage are connected.
Outgoings
The current Rateable Value is £22,000
EPC
EPC of D – 92
Terms
A price of £195,000 subject to contract is sought for the benefit of the existing lease, together with the highly profitable business, trade, goodwill, equipment, fixtures, and fittings with ‘stock at valuation’.
Reservation Deposit
On agreeing Heads of Terms for the sale of the business, the prospective buyer will be asked to pay a reservation deposit of £1,000, which will be held by this firm and returned to the buyer on completion of the sale. However, this deposit will be retained and forfeited if the intending purchaser withdraws from the agreement for any reason.
Accounts
The turnover and profitability of the business are to remain confidential, but a full set of accounts will be provided and discussed with seriously interested parties.
SITUATION
Bourton-on-the-Water is one of the principal tourist destinations of the Cotswolds
Known as ‘the Venice of the Cotswolds’ it has picturesque scenes on the River Windrush running through the centre
Extensive tourist attractions including the Model Village, Birdland, the Cotswold Motor Museum, and the Model Railway
Cheltenham (15 miles), Stow-on-the-Wold (4), Stratford-upon-Avon (25) and Moreton-in-Marsh station (10) with mainline trains to Oxford and Paddington.
OUTSIDE
Small, pretty, stone-gravelled rear garden with outside tables and chairs, pedestrian side access from the High Street
VALUABLE CAFÉ BUSINESS FOR SALE AS A GOING CONCERN
Lock-up café situated in one of the Cotswolds’ busiest tourist towns.
Good High Street location.
82.90 sq m / 892 sq ft.
PROPERTY DESCRIPTION
The Property
The property comprises a prominent, double-fronted, ground floor retail unit with good display windows, situated at the end of a highly visible parade of shops on approaching the village center.
The Accommodation
Attractive main / front café with table seating area 7.94m x 7.25m (26’1” x 23’9”) and serving counter/kitchen area 6.27m x 3.07m (10’7” x 10’1” and forming part of the overall dimensions)
maller rear seating area 4.28m x 2.54m (14’1” x 8’4”)
Store and WC
Equipment, Fixtures & Fittings
The sale is to include all Café equipment presently on the premises, including the tables, chairs, kitchen equipment (cooking appliances, fridge, coffee machine, food preparation counters, etc.), china, glasses, cutlery, tableware, and decorative items.
A full inventory of items will be prepared and agreed for inclusion in the sale agreement.
Lease
The Café is presently held on a Full Repairing and Insuring Lease for a term of 15 years from 7th June 2021 (expiring 6th June 2036) at a passing rent of £24,000 per annum, subject to review at the end of every 4th year of the term. There are also tenant’s options to break from the lease in 2026 and 2031 on giving 6 months clear notice.
Services
Mains water, electricity and drainage are connected.
Outgoings
The current Rateable Value is £22,000
EPC
EPC of D – 92
Terms
A price of £195,000 subject to contract is sought for the benefit of the existing lease, together with the highly profitable business, trade, goodwill, equipment, fixtures, and fittings with ‘stock at valuation’.
Reservation Deposit
On agreeing Heads of Terms for the sale of the business, the prospective buyer will be asked to pay a reservation deposit of £1,000, which will be held by this firm and returned to the buyer on completion of the sale. However, this deposit will be retained and forfeited if the intending purchaser withdraws from the agreement for any reason.
Accounts
The turnover and profitability of the business are to remain confidential, but a full set of accounts will be provided and discussed with seriously interested parties.
SITUATION
Bourton-on-the-Water is one of the principal tourist destinations of the Cotswolds
Known as ‘the Venice of the Cotswolds’ it has picturesque scenes on the River Windrush running through the centre
Extensive tourist attractions including the Model Village, Birdland, the Cotswold Motor Museum, and the Model Railway
Cheltenham (15 miles), Stow-on-the-Wold (4), Stratford-upon-Avon (25) and Moreton-in-Marsh station (10) with mainline trains to Oxford and Paddington.
OUTSIDE
Small, pretty, stone-gravelled rear garden with outside tables and chairs, pedestrian side access from the High Street
About this agent
Hayman-Joyce are multi-award winning Estate Agents and Letting Agents in the Cotswolds.We have built our success through recommendation. We are well known for giving honest and reliable advice, based upon expert local knowledge and experience. We constantly strive to provide an outstanding level of service and pride ourselves on the highest quality marketing. Our clients rate us 5 stars on google and we have the most experienced and largest team in the North Cotswolds.