Restaurant for sale
Property description & features
- Lic'd Prem & Café (A3&A4)
- 440 Approx Sq Ft
Comprising a very well equipped Cafe/Sandwich Bar/Coffee Shop occupying a busy trading location opposite The Grand. Approx. 440 sq.ft. overall with internal seating for 16 plus another 6 al-fresco. Self-contained 1 bedroom flat above let with an income of £10,740pa.
Rooms
The Property
A regularly shaped property in a total of approx. 440 sq.ft. with internal seating for 16 people. (Outside/pavement seating for another 6 on two tables). Rear yard with vehicular access for deliveries and 2 parking spaces and WC.
Upper Parts
This comprises a self-contained 1 bedroom flat, accessed via the rear, with a lounge, kitchen & bathroom/WC, which is let on an AST with a rental income of £895pm (£10,740pa).
The Business
The business has been owned by our Clients since July 2010. The menu offers breakfasts, brunches, sandwiches & an array of cold & hot drinks.
Turnover
Since March 2024, sales have averaged £4,800 per week.
Trading Hours
Monday to Saturday 7.30am till 4pm. Sunday 9am till 3.30pm.
Tenure/Rent
Leasehold. Granted for 5 years from 16th July 2021. Rent £12,450pa, payable monthly at £1,037.50. Taking into account the rental income from the flat above, the net rent is only £1,710pa!
Business Rates
The most recent rating assessment shows a rateable value of £8,000. Qualifying occupants will therefore be able to claim 100% Small Business Rates Relief.
Legal Fees
Each party is to be responsible for their own legal fees.
Property information from this agent
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Broadband availability and predicted speed
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Energy Performance data and Internal floor area
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