*Ingoing Premium of: £20,000* Town centre lock-up cafe with 18 covers. Offered for sale as a fully equipped going concern. Ideal first time catering venture, takings about £1,200 per week. EPC Rating C. Read more
*Ingoing Premium of: £20,000* Town centre lock-up cafe with 18 covers. Offered for sale as a fully equipped going concern. Ideal first time catering venture, takings about £1,200 per week. EPC Rating C.
LOCATION In a busy town centre trading position at the Southern end of Boutport Street; close to the cinema and the junction of the High Street and Boutport Street, the property is therefore ideal for passing trade.Barnstaple is recognised as North Devon's premier commercial centre, having a population of around 35,000 inhabitants and serving a rural hinterland population in excess of 130,000 inhabitants which is boosted during the summer months with an influx of tourists.
THE PREMISES The premises comprise of a ground floor lock up double fronted retail unit, offering approximately 219 sq ft of cafeteria space with seating for 18 customers.To the rear is an open plan kitchen area of approximately 100 sq ft, which is fully furnished and equipped with access beyond to the wash up area and the staff cloakroom.
TENURE We understand the premises are offered on the balance of a 10 year lease with 6 years remaining from April 2018 at a current passing rent of £10,000 per annum plus an ingoing premium of £20,000.An incoming purchaser will need to supply the usual bank and trade references for Landlord's approval.
THE BUSINESS Having acquired the property only a few months ago, our client now realises the business is extremely busy and has decided to sell.The Boutport Café is open 6 days a week, currently trading from: 9.30am 3.30pm Monday Saturday.The business is that of a cafeteria and takeaway selling lunches, breakfasts, cakes, sandwiches etc.This is a very busy location and has excellent potential to expand with the business currently trading at around £1,200 per week.There is scope to extend the business by opening at 8am, providing town centre workers with morning coffees etc. and later on in the evening.
The accommodation briefly comprises:
CAFETERIA11'8" (3.56m) x 14'8" (4.47m) + BAY WINDOW 3' (0.91m) x 14'8" (4.47m).With comfortable seating for 18 customers. 3 x 4 Seater tables and 3 x 2 seater tables, fitted ceiling lights, electric wall heater, matching tables and chairs, counter, cabinet, cold glass fronted display cabinet, work top with Gaggia coffee machine, Shmoo milkshake machine, range of fridge freezers and wash hand basin.
KITCHEN8'7" x 11'4" (2.62m x 3.45m).Door to:
WASH UP ROOM With sink unit.
PRIVATE STAFF CLOAKROOM With low level toilet.
OUTSIDE The property is pavement fronting and there is no rear access.
AGENTS NOTE The property is well presented and in good decorative order throughout and is to be offered fully equipped, subject to trade inventory.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC
VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE £8,700 UBR, as of April 2018, 49.3p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
COUNCIL TAX BAND To be advised.
WEBBERS DO NOT JUST SELL HOUSES Webbers Commercial: Award Winning Department of Webbers Estate Agents Cup Webbers Sales Achievement of the Year Award" - Winners 2018.Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.ukhttp://list.english-heritage.org.uk