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REDUCED PREMIUM Bournemouth Town Centre Coffee Shop & Licenced Bar

Bournemouth, Dorset
Leasehold Price:
£18,850
Status
FOR SALE
Advert ID
252250
Reference
010433LHP / Rightbiz

LOCATION
Bournemouth is Dorset’s principal commercial centre and one of the UK’s premier seaside resorts.

It has a residential population in excess of 160,000 persons and a primary shopping catchment of 396,000 persons within a six-mile radius (FOCUS).

The town is a thriving tourist destination with an estimated 1.5 million staying visitors and 3.8 million day visitors every year.

Bournemouth also benefits from a substantial and growing student population with in excess of 20,000 students attending the university.

Bournemouth has enjoyed substantial inward investment in recent times.

This includes town centre hotels, Hilton Bournemouth and Hampton by Hilton together with the all-weather, BH2 leisure scheme which features a 10 screen, 2,000 seat Odeon cinema and a large number of branded restaurants.

The premises occupy a very prominent trading position facing up Poole Hill and a short distance from the prime pedestrianised shopping precinct where numerous major name retailers including Primark can be found.

This area of the town has benefitted from having undergone something of a transformation in recent years. The nearby library development features some major name retailers including Tesco Express & KFC. Also, at the Triangle is a large terrace which is used for public events and street markets, etc.

DESCRIPTION
Meet & Sip is an atmospheric coffee shop & bar catering to locals and visitors alike.

The premises offer an easy ambience with around 50 covers accommodated at ground floor level seated at a combination of tables, chairs and leather style sofas etc.

Pavement seating is also possible subject to the obtaining of any necessary consents.

The premises are arranged over ground and basement levels with customer WC’s being provided on the lower level together with ancillary storage/ potential kitchen/ food preparation areas and a separate staff WC.

To the rear is a shared yard with bin storage facilities.

The business enjoys a favourable Premises Licence enabling trade until 1.00 am

ACCOMMODATION
The accommodation with approximate areas and dimensions is as follows:

Single Fronted Shop

Internal Width (max): 32' 9'‘ (9.9m)

Café Depth (max): 49’2” (14.99 m)

Net Ground Floor Area: 820 sq ft (76 sq m)

Basement ancillary: 450 sq ft (42 sq m) approx.

Plus male and female customer WC’s & staff WC

Outside:

Pavement seating. Rear yard with bin storage facilities

THE BUSINESS
The business is a speciality coffee shop and bar specialising in cocktails.

Regular live music events are a feature of the business.

For ease of operation, catering is kept to a minimum with cakes being a notable feature of Meet & Sip.

The business has a website and good social media presence operating Facebook and Instagram accounts. It enjoys a strong Google rating of 4.7 based upon 101 reviews (02.11.19)

Details regarding the trading performance of the business will be made available to interested parties at an appropriate stage in negotiations.

PREMISES LICENCE
We are informed that the property holds a Premises Licence granted by BCP Council licensed until 1 am (midnight on Sundays) to serve alcohol, play music, show movies and serve snacks.

The Licensing Act 2003 states any property serving alcohol must have a Designated Premises Supervisor who must hold a Personal License. We suggest that all prospective purchasers take appropriate professional advice.

LEASE
We understand that the premises are held on the residue of a full repairing and insuring lease 15 years from 2nd September 2013 at a passing rent of £20,000 per annum, exclusive.

The landlords hold a rent deposit of £5,000.

PRICE
Our clients seek a premium of £18,850 for the leasehold interest, goodwill, trade fixtures fittings and equipment (an inventory will be provided) plus stock at valuation.

LEGAL COSTS
Each party is to bear their own legal costs incurred in the transaction together with 50% each of the landlord’s legal fees.

RATES
According to the VOA website the assessment for this property is stated as:

Shop and Premises, Rateable Value: £16,750

The small business multiplier for the year ending 31st March 2020 is 49.1p in the £ but the owner informs us that there is currently a discount available such that the payable figure is £5,482 per annum until 31st March 2021.

For more information visit:
https://www.gov.uk/introduction-to-business-rates

FINANCE ACT 1989
Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax. Any intending purchaser or lessee must satisfy themselves as to the incidence of VAT in respect of any transaction.

ENERGY PERFORMANCE ASSET RATING
Energy Performance Asset Rating D (89).
Full EPC available for viewing on our website.

VIEWING
By prior appointment via the agents Willis Commercial through whom all negotiations must be conducted.

CONTACT
Willis Commercial – 01202 887555
enquiries@williscommercial.co.uk

DISCLAIMER
These particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute an offer or contract.

AGENTS NOTE
At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary as to the structural integrity of the premises and condition/working order of services, plant or equipment.
STRICTLY SUBJECT TO CONTRACT. ALL MEASUREMENTS APPROXIMATE.

Listing Details
Leasehold Price: £18,850
Tenure: Leasehold
Location: Bournemouth, Dorset
Sector: Tea Rooms, Smoothie Bars, Bars
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Town Centre location
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 010433LHP / Rightbiz
Energy Performance Certificate (EPC)
Particulars / More Information
What's nearby
Within 1 milei:
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LEVEL8IGHT The Sky Bar (Bar)
Chamberlain James (Point Of Interest)
Best Western Plus The Connaught Hotel (Spa)
Eden (Cafe)
The Hedley Townhouse (Bar)
Park Central Hotel (Lodging)
Premier Inn Bournemouth Central (Lodging)
Britannia Hotel Bournemouth (Gym)
Westbourne Jewellers (Jewelry Store)
Listing Statistics
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