Estate Agents for Stamford, Rutland, South Lincolnshire, Northamptonshire and Cambridgeshire

Specialists in Residential & Commercial Sales & Lettings

Last Updated 12th May 2011
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STAMFORD - BUSINESS OPPORTUNITY

CAFÉ PREMISES

DESCRIPTION: Leasehold café premises currently enjoying an excellent reputation for good food in a relaxing atmosphere.  Seating for approximately 38 plus pavement space for 24 outside.  Attractively decorated to create just the right ambience for a relaxing snack.  The property has been re-equipped with an extensive range of modern appliances and furnishings. 

LOCATION:
Excellent town centre location just off High Street.

ACCOMMODATION:

Main Café Area – 19’0” x 14’0” Overall (5.79m x 4.27m)
With varnished pine floor, glazed entrance door and bay window to front.  Telephone point.   Economy 7 heater.  Bar servery.  Equipment includes chilled cabinet, fridge, capuccino machine, music centre, etc.

Lower Café Area – 10’4” x 8’0” (3.15m x 2.44m)
With glazed door and window to front, pine floor, economy 7 heater.

Kitchen
Comprehensive inventory of well-maintained equipment including stainless steel preparation table, sink, handbasin, dishwasher, 4 microwave ovens, freezer, fridge freezer, electric cooker, fridge etc.

WC: WC available above  neighboring business.

LEASE: The property is held on a 6 year lease November  2009 (rent review November 2012) the benefit of which is to be transferred to the new tenant. Tenant can break lease in November 2012.  Ingoing Tenant to pay Landlord’s reasonable legal costs.

BUSINESS:   The last three year’s accounts are available for inspection to bona fide buyers.

RENT: Current rent £9,100 per annum payable quarterly in advance.  Service charge £207.57 (current year) to cover the cost of insurance, cleaning, outside lighting, refuse bins, services of caretaker, etc.

BUSINESS RATES:  Rateable Value £6,900 - £2,808.30 for 2010/11 payable to South Kesteven District Council.  Small business rate relief up to 50% may be available.

REFERENCES:  Good references essential (eg Bank, Accountant and Personal) are required from all Tenants.

INSPECTION:  Easily arranged by prior appointment through Paul Johnson Property Consultants.  If you are travelling a long distance, please telephone before departure to ensure the property is still available.

INTERESTED? All offers and negotiations to be conducted through Paul Johnson Property Consultants, subject to contract.

Ref:3000    100111.

IMPORTANT:  

The business is on the market confidentially, please DO NOT discuss the business with staff members.  Further details and viewing appointments can be obtained through the Sole Agents.