* Within pedestrianised area of the Town Centre
* Daytime trade only, 6 days trading 10 months of year, 7 days for 2 months
* Ground and first floor trading area
* One bedroomed owners / staff accommodation above
* Potential for extended hours / evening trade
* Constant turnover and profitable business
Bideford is the administrative centre of the Torridge area and has a static population in the order of 13,000. Barnstaple, the sub-regional centre of North Devon, lies approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton. Barnstaple has a static population in the order of 25,000 with a shopping catchment population of 141,000.
The property is situated within the centre of the pedestrianised area known as Mill Street which connects Bridgeland Street and the town's High Street. Mill Street has undergone considerable investment of recent including mixed residential and commercial development schemes close by.
THE PROPERTY AND CONSTRUCTION
Being of three storey construction under a pitched slate roof, there is a double fronted shop unit at ground floor level with rendered elevations to the upper floors. Commercial parts include ground floor cafe with circa 18 covers, kitchen (lower ground floor storage), first floor overspill coffee shop set for 15 covers and the additional benefit of alfresco dining for 4 covers to the front of the property. The owners / staff accommodation is located over first and second floors comprising of kitchen, bathroom, lounge and double bedroom. If new owners desired the first floor coffee shop could be utilised as further living accommodation in the form of a bedroom or dining room.
Our client is inviting offers for the leasehold interest of their business and the remainder of the existing 10 year lease. The current rent is £16,120 p.a.x for both commercial and domestic parts.
The business is currently operated by our client with 2 part time staff and an employee on Saturdays. Trading hours are currently 9am - 5pm Monday - Saturday, with 7 day opening between July - September and reduced hours in January and February. The business offers homemade food, hot and cold drinks with main lines including sandwiches, cakes, soups, cream teas and specials. The last three years have produced a turnover of £80,000 with 2014 Yearend having a net profit of approximately £22,000 after staff outgoings. The business currently enjoys commercial rates relief and has achieved a food hygiene rating of 5.
The property has a Premises Licence.
Any current stock to be purchased at valuation upon completion.
The property is sold with an inventory of trade fixtures, fittings and equipment.
Payable, if applicable, at the prevailing rate.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.
THE ACCOMMODATION (comprises)
Double fronted unit with central entrance door with over door heater. Counter servery with double coffee machine, coffee grinder, electric milkshake whisk, till, fridge, freezer, false ceiling with recessed strip lighting, vinyl flooring, sofa, table and chair seating for approximately 18 covers
Stainless steel single drainer sink unit, worktops, eye and base units, electric oven and 5 hob burner, extraction hood, strip lighting, wash hand basin, 2 x microwaves, dishwasher, 2 x toasters, contact grill, rear yard for external storage, access to cellar with electrical sockets, lighting, 3 x freezers, 2 x fridges, assorted shelving and racking
LANDING with carpet
OVERFLOW COFFEE ROOM (potential owner’s dining room)
14`0 x 12`11 (4.25 m x 3.95 m) Table and chair seating for 15 covers, electric convector heater, bay window, ceiling coving and picture rail
Vinyl floor, wash hand basin, low level w.c., storage cupboard
Vinyl floor, stainless steel single drainer sink unit, electric oven and hob, extractor hood, eye and base units, worktops
3 piece bathroom with shower attachment over bath, vinyl floor and hot water tank
LANDING with carpet
11`4 x 8`8 (3.45 m x 2.65 m) Carpet, electric convector heater
14`0 x 10`6 (4.25 m x 3.20) Carpet, electric convector heater, ornamental fireplace with wood surround
Alfresco street table and chair seating for 4 covers.
Having been in the trade for many years we have established good connections in the finance sector. Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike. Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds. Please call for more information.
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