SOLD / WITHDRAWN
29/09/23
1556
C 1020 / Rightbiz
FOREWORD
This small retail investment is well positioned fronting onto Clarence Street neat to York St John University and the District Hospital, very close to Union Street car park and only a few minutes walk from the historic city centre. The premises comprise of the ground floor only utilised as a cafe, , the upper floor flats having been sold off separately. The cafe business is currently for sale as a going concern with the lease expiring in September 2024 therefore there may well be an opportunity to renew the lease earlier than expiry if the tenant is successful in finding a buyer for the business. The result could be a longer lease at a higher rent ( subject to negotiations and agreement being reached).
ACCOMMODATION
Sales area /kitchen approx 33 sq m ( 355 sq ft)
Staff wc and wash baisn
RATES
The premises are shown on the Valuation Office Rating web site as having a RV of £9400. therefore for most occupiers no rates will be payable making this a very affordable unit to occupy.
LEASE
The property is let on an effective full repairing and insuring lease expiring in September 2024 at a rent of £8400pa.
EPC
The property has an EPC rating of E
PRICE
This delightful small investment is available for only £115,000, a return of approximately 7.3% gross.
VAT.
All prices and rents are deemed to be exclusive of any VAT which may apply
IMPORTANT
Where staff are employed in a business, it is possible that they are unaware of any impending sale,therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances. Buyers will be required to provide details of their identity ( passport / driving license and two utility bills) and proof of funding ( bank statements / mortgage offer ).
NOTE
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.