| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 130,468 TIME(S)
BUSINESS REFERENCE : AC137 / RightBiz SUPERB FREEHOLD INVESTMENT OPPORTUNITY 5 SELF CONTAINED ONE BEDROOM FLATS PLUS GROUND FLOOR CAFé BUSINESS | | | | | | Superb Freehold Investment Opportunity 5 Self Contained One Bedroom Flats plus Ground Floor Café Business Confidentially offered for sale Ref No: AC137 Location: Blackpool Freehold Asking price: £400,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | FREEHOLD: | £400000 | | | | | | | | | | | BUSINESS DETAILS: | Property Profile:
This represents a superb invertment opportunity to acquire a 4-storey freehold building plus basement currently comprising 5 very well appointed self contained one bedroomed flats with the added bonus of a ground floor family run café that is highly profitable.
Benefits of the property include gas central heating and double glazing. There is parking space for two cars. Viewing is highly recommended. The building was refitted some 6 years ago. Scope of works included a new façade with new brickwork giving the flats a modern fresh appearance as well as complete re-wiring, new roof, re-plumbing and re-decoration. Each flat has electric card meter, all necessary smoke and fire alarms and comes fully furnished. All furniture, fixtures and fittings are included within the sale price.
Room Details:
Basement- Storage Rooms and Laundry room
Ground Floor -Main cafe Seating for 96 Diners ,W/C Seperate Ladies and gents toilets
Take-away area with servery counter , preparation kitchen With a range of equipment including four pan gas frying range, 10 pan Bain Marie, display cold shelf with heater lamps, gas griddle and extractor.
Rear kitchen with commercial dishwasher, 6 ring gas burner, classical hot water boiler, fridges and freezers.
Exterior- Access to back yard and parking
First Floor - W/C gents toilets for guests
Flat 1 Lounge/ kitchen, Double Bedroom. Shower and toilet. Possible rent- £80 per week. Band ‘A’
Flat 4 Lounge. kitchen, Double Bedroom. Shower and toilet.possible rent- £95 per week. Band ‘A’
Second Floor
Flat 2 Lounge/ diner, kitchen, Double Bedroom. Shower and toilet. Possible rent- £90 per week. Band’A’
Flat 3 Lounge, kitchen, Double Bedroom. Shower and toilet. Possible rent £90 per week. Band ‘A’
Third Floor
Studio flat open plan lounge/ diner/ kitchen/ bedroom. Shower and toilet. Possible rent £65 per week.
The property is centrally heated and has double glazing. All flats have card meters.
Business information Accounts will show for the café and take- away a turnover figure of approximately £10,000 per annum. Possible rent- £12,000 p.a.
Possible total rent for flats- £22,000 per annum.
Standard Equipment Within Each Flat:
• Lounge-Carpets, curtains, nets, ceiling light, electric fire, settee and chairs, table,
• Kitchen- electric cooker, fridge, fitted wall and floor cupboards, vinolay flooring
• Bedroom- Carpet, light, curtains, wardrobe, drawers, double bed
• Bathroom- vinolay flooring, light, extractor, shower unit, shower cabinet, vanity unit, towel rail, w/c roll holder
Premises:
The building is freehold. Rental income for the flats is circa £22,000 per annum. The current vendor runs the café as a family business but this could be leased out if a new owner does not wish to run this side of the business. Anticipated rental is circa £12,000 p.a. The premises are in excellent condition. The café is fully equipped. A full inventory can be supplied upon request. The infrastructure of the building is very good.
Business Hours:
The café is open from March through to November each year. It is open 7 days a week within this period from 1000-2100 Hours.
Security:
The property is very secure. The ground floor cafe has roller shutters, CCTV and is fully alarmed.. The flats are also very secure with all relevant fire alarms.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The café business consistently achieves turnover circa £10,000 per month. It is very well established and nearly all the customers are regulars. It is fully equipped and provides eat in and separate take away service. There has been a café at this location for some 50 years and it enjoys high levels of passing trade due to it excellent location just off the Golden Mile. It caters for the whole family offering quick meals, breakfasts, home cooked favourites, children’s meals, sweets and drinks.
The flats represent a sound investment opportunity with excellent occupancy rates and high rentals being achieved. The property on its own was recently valued in excess of £400,000 by a local agent.
Reason for Sale:
The vendors wish to relocate.
Support and Training
The current owners would be happy to provide full training and support at handove | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC137 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
