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Lease available for 65 cover A3 premises on charming street in Cambridge City Centre

Cambridge, Cambridgeshire, England

  • Leasehold Price: £45,000
Seller Reference: CAMBSH
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Business Description
 
 
 
 
 
 
 
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Seller Reference: CAMBSH
Request Details
Business Description
• Superbly positioned, rare central Cambridge leasehold opportunity
• Fully fitted licensed property
• Ground floor covers totalling c. 65
• Basement commercial kitchen and wash up area
• Presented in excellent order throughout
• EPC Rating: B (34)

Property
Harriets Café Tearooms occupies a double fronted premises over ground floor and basement of an attractive 5-storey building, with a sizeable frontage at street level with 3 possible entry points, including accessible wheelchair access.

The ground floor provides an open plan trade area with bar servery and counter, dual access to basement level, female and accessible WC's. The flexible trade area provides around 65 covers in total with a mixture of loose and fixed seating. The basement provides a substantial fully fitted commercial kitchen with extraction, along with wash up and prep areas, office and storage.

Externally there is access to the rear service yard that provides space for refuse and means for escape.

Planning
The premises was designated as Restaurant & Cafe (A3 Use Class) which now falls under Class E (Commercial, business and service), which includes retail, restaurant, office, financial or professional services, indoor sports, medical and nursery uses, under the amendments to The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.

We are advised the premises is not Listed but is situated within a Conservation Area. The relevant local authority is Cambridge City Council www.cambridge.gov.uk

Tenure
The premises are held on a 10 year lease from Trinity College with a current passing rent of £60,000 pax, expiring on 5th March 2022. The Landlord has agreed in principle to surrender the existing lease and regrant a new 10 year lease at a reduced rent, dependent on concept and covenant strength.

Premium
Premium offers are invited for the benefit of the leasehold interest, trade inventory and goodwill. Offers are invited in excess of £45,000, exc VAT.

Fixtures & Fittings
The premises is well fitted with all the trade inventory included in the sale of the business, including all the commercial kitchen equipment, appliances, ovens, fryers, refrigeration, racking, under counter storage, dishwasher, counters, tables and chairs. The piano is excluded along with a few personal items which will be pointed out during a viewing.

The Business
The Premises Licence will transfer with the sale and allows for alcohol sales on the premises, with permitted opening hours being 09.30-19.00 Monday to Friday, 09:00 -19:00 on Saturday and 10.30-16:30 on Sunday. Neither the trading name nor the website will transfer with the sale of the business.

Rates & Charges
Rateable Value: £68,000. The government has introduced a business rates holiday for retail, hospitality and leisure businesses in England for the 2020- 2021 tax year.
Tenure:
Leasehold
Location Details:
Green Street is an attractive, cobbled street which is located in the centre of the city of Cambridge, linking Sidney Street and Trinity Street. It is an established retail and leisure pitch, with other occupiers nearby including The Ivy, Mercado Central, Cambridge Gin Laboratory, Bill's and Tabanco. The business has been established over many years and provides a rare opportunity to take over a fully fitted licensed premise in a central Cambridge location.
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