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Established Coffee Shop with potential for expansion

Undisclosed, London
Leasehold Price:
£140,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
235757

Details

Established Coffee Shop with potential for expansion

LEASE FOR SALE
Ground floor 420ft² (39m²)


LOCATION: The property is situated on Secondary shoping parade which is a busy thoroughfare and benefits from a high volume of passing traffic as well as a good surrounding residential catchment area. Surrounding operators include Sainsburrys, Numerous Offices, Estate Agents, Pubs. as well as numerous other independent retailers, cafes and restaurants. Public transport is available from Barnes Bridge station as well as frequent passing bus services to and from neighbouring centres.

DESCRIPTION: The property comprises a Class A1 retail unit arranged over ground floor and basement and currently operates as an independent coffee shop/sandwich bar. The ground floor offers an open plan sales area with a small rear store room and a single WC/washroom. The unit is in excellent decorative condition with wood flooring, inset spot lighting with a serving counter and approx. 22 covers. 
The property also benefits from a CCTV system in place and has opening hours of 7am - 6pm Mon- Sat  8am - 5pm  on Sun.

 


ACCOMMODATION: The property comprises the following approximate areas and dimensions:-

Internal Width (Front)  5.1m
Shop depth (max) 12.5m
Sales Area 420ft² (39.0m²)
Rear WC/washroom

TENURE: The property is held on an effective full repairing and insuring lease for a term of 15 years from March 2011 with rent reviews on each 5th anniversary of the term. 

RENT: £21,000.00 per annum exclusive

PREMIUM: 140,000 for the lease and fixtures & fittings

BUSINESS RATES: London Borough of Richmond 
Rates Payable (2018/2019): £ 6,718.25
This information has been obtained verbally and we would advise interested parties to verify this with the appropriate rating authority.

LEGAL COSTS: The ingoing tenant to be responsible for both parties reasonable legal costs, to include the landlords reasonable Licence To Assign costs.

VIEWING: Strictly by appointment

 

Listing Details
Leasehold Price: £140,000
Tenure: Leasehold
Sector: Tea Rooms, Ice Cream Parlours, Cafes
Financials
Annual Turnover: £300,000
Annual Net Profit: Available upon request
Key Features
  • Attractive Business
  • Fully Fitted
  • Central Position in Affluent Village
  • Accounts Available
  • Established Business
  • Small Business
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