Retail property (high street) to rent

Rutland Cookery School, Unit 16C, Oakham Enterprise Park, Oakham, LE15 7TU

01664 518223

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Retail property (high street)

0 bed

0 bath

764 sq ft / 71 sq m

Property description & features

Purpose Built Air Conditioned Kitchen catering for 9 attendees all cooking at their own workstation
Well Established profitable business
Capacity to dramatically increase turnover by adding additional courses
Perfect for a chef looking for a new venture to suit a lifestyle
Vendor finance available

Modular building constructed and placed around 8 years ago when the cookery school was first established. Open plan Kitchen/classroom set up with store room and accessible w/c to the rear of the unit. There is ample parking on site.

Oakham Enterprise Park is approximately 3 miles outside Oakham with excellent road links via the A606 to the A1 and to the M1 Junction 21 at Leicester approximately 25 miles away. The population of Rutland (41,500 according to the 2022 census) is growing and being the County Town of Rutland, Oakham is expanding and the nearby Rutland Water Reservoir attracts thousands of visitors annually.

Strictly by prior appointment via the sole agents P & F Commercial [use Contact Agent Button] or via [use Contact Agent Button]

Offered sale as a going concern with the remainder of a 10 year lease until the end of 2026. The current passing rent is £7,500 per annum plus VAT, Estate Charge and insurances. It may be possible to negotiate a new lease on longer terms if preferred. Direct supply for electricity and water supply is recharged by the landlord - there is no mains gas on site.

Business turnover for 2023 is £76,755 - which was managed lower from the prior year from £126,328. The decision was made to reduce the turnover to suit the current owners lifestyle needs and bring it under the VAT threshold. However, the demand remains to offer cookery classes to exceed the 2022 turnover for the right operator with fresh energy. The current owners usually hold 2 classes per week but previously ran more.

Would suit a chef wishing to take a new venture on more sociable terms or wishing to get into a training environment.

Interested parties could benefit from a stage payment plan for the goodwill if required. 50% of the price would be payable on completion with the remainder payable in instalments over a 2 year period. Terms to be agreed.

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P & F Commercial - Oakham

18 Midland Co, Station Approach Oakham, Rutland LE15 6RA

01664 518223

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P&F Commercial is a well-established Commercial Estate Agency business operating across the EastMidlands. Centrally located in Rutland, with the major Cities of Leicester, Nottingham, Peterboroughand Northampton all within 40 miles, P&F Commercial are perfectly located to handle all types ofCommercial property including Shops, Offices, Industrial Units, Post Offices and any other generalInvestment/property businesses. With over 40 years combined experience in the property business, P&F Commercial has a wealth ofspecific knowledge in the sector. P&F Commercial do not just deal in vacant property but can assistbuyers and sellers in the transfer of operating businesses and are perfectly placed to assist start up’sand SME’s in the acquisition, lease or sale of the premises essential to making the enterprise asuccess. We understand that buying, selling or leasing property can be a stressful time and we are more thanhappy to handle the transaction discreetly with or without formal open market promotion and wecan arrange meetings and viewings outside office or working hours as necessary. We can handle any property from the lease of the smallest shop or office unit to multi-million poundfreeholds and we take pride in the way we can market our client’s properties using selected InternetPortals, our own website at www.pandfcommercial.com and our extensive database. We are always happy have an open chat about the services we can offer so please give us a call to discuss your requirements.

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