LEASEHOLD CAFE/COFFEE SHOP (A3 USE)

  • Price: £119,950
  • Leasehold Price: £119,950
Tunbridge Wells, Kent, England
Seller Ref:C1108
For Sale

LEASEHOLD CAFE/COFFEE SHOP (A3 USE)

Tunbridge Wells, Kent, England
Seller Ref:C1108
  • Price: £119,950
  • Leasehold Price: £119,950

Description

PRIME MAIN ROAD LOCATION
HUGE POTENTIAL FOR OUTSIDE CATERING
IMMACULATE PREMISES
WELL EQUIPPED
RENT FREE AFTER FLAT SUBLET
TURNOVER £4,500 PWK

LOCATION
Occupying a prominent trading position fronting a busy main road on the outskirts of Tunbridge Wells serving numerous offices, small businesses and serving a well populated residential area. The business enjoys a high level of passing trade. New homes are being built nearby which will provide a significant increase to trade in the long term.

BUSINESS
Well established having been in the present hands for 4.5 years and now only being marketed as a result of the vendors commuting difficulties. Tremendous potential exists for the introduction of delivery rounds, outside catering, function and event catering. Longer trading hours would improve turnover significantly.

TURNOVER
£4,500 PWK @ 65 % G.P.

HOURS
7.00am – 4.00pm Mon – Sat
Closed – Sun

PREMISES
Double fronted premises with single entrance to: Cafe Area: Immaculately presented. 40 covers. Refrigerated serve over counter, new electronic till, 2 group espresso machine, boiler, drinks chiller. Kitchen: Large griddle, 6 burner range and oven, double fryer, panini grill, microwave oven, toaster, bain marie, full extractor canopy, under counter refrigeration. Store Room: 2 chest freezers, double upright chiller. Staff. W.C: and W/basin. OUTSIDE – Carpark to rear with 8 parking spaces.

LIVING ACCOMMODATION
Self contained 2 bedroom maisonette comprising: 2 Double Bedrooms: Lounge: Kitchen/Diner: Bathroom: Note: The premises benefit from replacement UPVC double glazing and gas fired central heating. The Maisonette is currently sublet on an assured shorthold tenancy producing £1,000 PCM.

TENURE
10.5 years remaining on original 15 year lease RENT: £10,000 P.A. (5 year reviews)

EPC RATING
Band D

BUSINESS RATES
Nil currently payable

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

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