Asking price £75,000
Ground Floor Cafe/restaurant Unit – Approx. 864 Sq FT
Prominent Town Centre Property
Large Windows with High St frontage
Business for sale to include equipment
Weekly turnover average £5k per week
- Business for Sale
- £75,000 Premium
- £28,000 + VAT Rent p/a
- £30,500 Rateable Value p/a
- Stamford Central Location
- Two Trading Floors
- Pavement Seating 20
- Very Attractive Frontage
- Great Reputation
- Reference: L250821B
- Type: Restaurant & Take Away
- Status: For Sale
High street is the main pedestrianised street running through the centre of Stamford.
The town boasts 11 churches, 30 pubs and over 10 quality hotels and guest houses.
The property benefits from high foot fall due to being close to car parks and the weekly markets.
Stamford is approx. 90 miles North of London and has excellent road and rail connections via the A1 and the main East Coast line.
The lease demise occupies the ground and first floor of the property. Currently a Coffee shop and Café, the property is available immediately and could also be used for A1 Retail
The property benefits from a central entrance door with large window frontage allowing good natural lighting and high visibility to pedestrian traffic. Further benefitting from a pavement licence for additional outside seating.
The business is being sold, but without the current trading name.
The ground floor space offers 24 covers with servery counter and display fridges plus the outside seating for approx. 20 covers. With Kitchen to the rear. The first-floor space offers 23 covers. The pavement licence will not automatically transfer but the incoming owner can apply for the same licence.
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.
The business is for sale for a lease premium of £75,000 to include all equipment and fittings but excluding the trading name. The passing rent is £28,000 + VAT. There is approximately 1 year left of a 5-year lease, the landlord has confirmed a new lease will be available subject to references.
According to the valuation office agency the current rateable value is £30,500 per annum. The local billing authority is South Kesteven District Council.
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.
Rated as D.
Strictly by appointment with the vendors sole selling agents. Tel: 01780 435072 Email email@example.com You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing.
An early discussion about finance can often save time and disappointment, talk to LLH Solutions about securing independent financial advice from one of our solution partners.