Low-Cost Home and Business Opportunity.
PLEASE NOTE WE ARE NOT SELLING A CATERING BUSINESS ONLY THE COMMERCIAL PROPERTY LEASE
All offers on the table including Property Sale
With upstairs maisonette or downstairs only
Would consider selling catering items and passing on contacts as part of the sale.
We are offering a leasehold of just under eight years as of April 2021. For the much-improved property which has a maisonette newly decorated above the shop with two parking spaces, we let out four rooms on a flatshare basis, which covers the rent for the entire property. But could be single rent to a family or tenant occupied.
We have used the property for outside catering however it has been unused in 1.5 years due to present restrictions so is basically storage, but has been used in the past for takeaway/cafe/shop and is in a very good location with high through traffic and footfall, so great advertising which has brought us plenty business in the past, it is registered as Hospitality for commercial use, but easily changed over to shop as has been previously. The shop receives free Rates as part of the town centre rate relief and is allowed to market its self within the main centre. Upstairs pays £120 per month domestic rates.
We have been here for about six happy years, and the reason for sale is CoVid has broken a business that was healthy previously. And now has too much debt to continue due to restrictions, hence the already very cheap price. We have spent over £46,000 bringing the property up to date with extensive electric, gas and flooring upstairs, so it should be low on maintenance.
The shop has a newly fitted Hive system for heating and security, fire alarm system and commercial gas to the kitchen area as well as a staff toilet. It has constant footfall to and from the station and cut through from the college and has a lot of offices around it, so would make a great coffee shop, cafe or paper shop, as it would be the closest to these areas.
Upstairs has been revamped from the previous tenant and could be used as a home, rental or office space.
If the two parking spaces are not required, then these could easily generate extra income due to proximity to the town centre and offices.
Landlords Terms: Leasehold
Rent £14000 per year for house and business.
Deposit £7000 (refunded back with interest within 2yrs)
Rent Reviews Every five years, so in 4yrs.
2 personal references and proof of the ability to pay to include bank statement and any assets you own, perhaps homeowner with equity.
Cost by us for the lease. , with improvements and any fixtures required, offers above £20,000 will be considered for a very quick sale with recent upgrade spend within 1yr costing us over £30,000
We will require a holding deposit of £2000 for legal costs for sale until complete, which will come of the total cost on completion to take it off the market and cover legal fees but will be retained if not completed by the purchaser/you.
For more details or a visit call.
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