50c Internal relaxed dining and bar with re-equipped visual chef
Unique “New York” style town centre yard / patio – 8 tables (64)
Ideal for all day openings – mature professional day time custom with locals Hotel Guests and student support during evening sessions
Ideal for Branded fast food / takeaway/ chintzy Bar
15 year protected renewable Free of Tie Lease New lease available
LOCATION (LE11 2TZ)
The thriving sustainable Market & University town of LOUGHBOROUGH with a population of 58,000 is the centre of many sporting occasions for which its University enrolment of 17,000 International Students is the hub. A popular Leicestershire location with ease of access to such leisure attractions as Donington Park Motor Racing Circuit and Motor Museum, Great Central Steam Railway, Bradgate Park, the birthplace of Lady Grey, Charnwood Forest with its legends of Robin Hood makes this an ideal locale for tourism and then with its ease of access to Nottingham East Midlands Airport and the M1, its popularity as a commercial centre is seeing strong and rapid growth and expansion. The business is to be found on Wood Gate opposite the Council owned Beehive Lane Multi story car park which has been awarded a “safer parking award”. There is a recently opened 112 roomed ‘Premier Inn’ just across the road, NHS offices are situated next door, courts and solicitor’s offices are within walking distance and the council offices and police head quarters are also located adjacent. The business itself sits as part of a two block 6 story modern building part budget hotel with 20 ensuite bedrooms, plasma screen TVs and partly purpose built deluxe Student Hall of residence with a capacity of 112 students within apartments ranging from 2 to 6 bedrooms. The main thorough fare from the multi story car park to the Cattle Market area which has a good selection of shops and Cinema then onto pedestrianised Market Street which passes between the twin buildings with an outside patio for the business. Wood Gate is the B5350 and joins the main A6 running from Leicester to Derby.
A modern 6 story property which is part of bigger residential business’s which are located within twin buildings. The cafe bar is to the ground floor with outside drinking area and unrestricted all day public parking to its side along with parking for local offices. The 50 internal covers provide generous customer space plus bar stools and standing are by way of a mix of fixed leather seating and light wood individual seats to assorted round and square tables set on stripped pine floors. Decor is to the contemporary mood with some floral modern wall paper and light painted walls. Large double glass doors open onto the patio area. The BAR SERVERY is made of stripped pine with stools set to. Bottle coolers are set into the back fittings. Trendy beers are dispensed from chrome beer taps. BEER CELLAR is behind the bar on ground floor. A VISUAL CHEF recently re-equipped provides further “theatre” and has a 5 Star EHO rating. WASH ROOM FACILITES are to a very high standard inc. Ladies, Gents and Disabled facilities.
The business is a “lock up”.
As a “jewel in the crown” from the bar area is a pleasing “New York” style patio with a slabed floor. 8 round timber tables are set within it, having large umbrellas. Wood and metal railings surround and it is flanked to both sides by walk ways and the tall twin buildings.
We are advised that the business has a Premises licence that allows opening of 10am through 1am (alcohol) A Personal License will be required and our training associates can assist with this for you.
10.30am - 4.00pm
TUESDAY TO FRIDAY
10.30am - 11.00pm
9.30am - 1.00am
9.30am - 10.30 am
Monday to Friday
Tuesday to Saturday
We are instructed to offer the property and business for sale as an assignment of a 15year private landlord lease with circa 2.5 years remaining, being fully protected under the Landlord & Tenant Act with renewal at no further premium & under no less favourable terms, completely Free of All Ties. Current Rent is £31,000 pa. However, the freeholder has indicated that a new 10year lease could be available at a rental of £22,500 per annum. They would consider a sale on a virtual freehold basis. £2000 + VAT i.e. £2400 will be required towards Agents costs. A ¼ rent deposit will also be required. F & F is Est at £6-£7000.
We are advised that the business benefits from all mains connected with central heating by way of gas. Business rates payable of £13,000 p.a.
The business has been owned by our clients since 2008 and run by the Mother & Son of the family. Our client is retiring from the industry & their son moving overseas. We are offering this unique opportunity without “goodwill” therefore account information will not be made available as it has been operated in tandem with another business with inseparable accounts. You need to look past the lack of accounts to get a true measure of this business’s potential. By using available hours which are currently not used and with a new energetic owner then we believe that sales of £350,000 (£7,000 p/w) are well within reach of this business bearing in mind the strength of its location.
THIS IS A BUSINESS OFFERING FANTASTIC POTENTIAL TO A NEW ENTHUSED OWNER AND MUST BE VIEWED TO BE FULLY APPRECIATED.
To secure this business a deposit of £5,000 will give you exclusivity on this business giving you a lock-out agreement with no further viewings or marketing taking place.
No Accounting information will be made available.
Our finance associates will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
This bistro café, established in the busy market town of Loughborough in early 2015, provides high quality ...More Details
Overview The Boat Inn is a 'heart of the community' local which focuses on sports, teams and entertainmen...More Details
BUSINESS Hilton Smythe is delighted to welcome to the market this well-established and popular guest house...More Details