Very well-presented trading café/restaurant of approximately 600sqft benefiting from a busy City Centre position. The property comprises an open plan seating area currently providing 30 covers with scope to offer as many as 55 plus staff. There is also a rear serving counter and kitchen as well as customer toilet.
Situated at the foot of Clare Street, a busy pedestrianised section within yards of the City Centre this open plan café/restaurant is ideally located for a profitable day-time and evening trade.
We are informed by our client that the property has been used for A3 purposes for over 10 years.
There is authorised use of the front cobbled area for further customer seating of approximately 30 further covers with the potential to install a more permanent structure for al fresco dinning.
The property is offered on the basis of a new 10 year lease drafted outside of the landlord and tenant act, there will be a deposit payable (likely to be 6 months rent).
The rateable value as per the VOA website is £13,500. The current tenant informs us he is paying £258 per month.Interested parties are advised to contact the local authority to confirm rates payable and eligibility for small business rate discounts.
The current business owner operates the following opening times with scope to extend:
Thurs-Sat: 9am - Mid-night
Sun: 9am - 5pm
There is an ingoing premium sought to include the fixtures and fittings of £44,950. Inventory provided upon request.
We are informed there is an annual service charge payable of £176 per quarter with an annual buildings insurance due of £276 for the current period.
The premises benefits from an alcohol licence permitting the sale of alcohol until mid-night (23.30 last orders).
There is an additional storage cupboard to the rear available if required by separate negotiation.
We are informed VAT is applicable on the rent.
The ingoing tenant will be charged an application fee of £200 plus VAT (£240 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks.
Strictly by appointment with Maggs & Allen.
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.