Pizza and coffee shop in Stepney London with a two-bedroom flat above
Stepney, London
- Status
FOR SALE
- Advert ID
648245
- Leasehold: £160,000
- Turnover: £48,000 (£923 per week)
- Profit: On request
Key Features
- Prime location in affluent area
- Quick sale opportunity
- Renowned culinary reputation
- Rent-generating accommodation above
Business Details
Pizza & Coffee
Pizzeria & Coffee shop with 2-Bedroom Flat living above the shop
We are pleased to present an exceptional opportunity to acquire a newly renovated coffee shop, complete with a spacious 2-bedroom flat located directly above. This prime property is situated just a mere 10 seconds from Stepney Green Tube Station, ensuring high visibility and foot traffic.
**Property Overview:**
The building consists of a four-storey freehold property, meticulously designed to maximize functionality and comfort.
**Basement Level:**
- Fully equipped pizzeria featuring an authentic Neapolitan stone oven, ideal for artisanal pizza production.
- Includes a dedicated prep area, ideal for culinary operations, as well as a convenient bathroom facility.
**Ground Floor:**
- A beautifully designed coffee shop boasting a luxurious marble counter, creating an inviting atmosphere for customers.
- Features a dedicated area for high-end coffee machines, ensuring the finest brews for coffee enthusiasts.
- Seating arrangement accommodates up to 24 guests, fostering a cozy yet vibrant social environment.
**First & Second Floors:**
- The flat encompasses two generously sized bedrooms, each equipped with an en-suite bathroom for enhanced privacy and convenience an extra Living room with an ensuite bathroom
- A modern, fully fitted kitchen designed for both practicality and style.
- A private outdoor terrace provides a tranquil retreat for residents or guests, perfect for enjoying a morning coffee or evening relaxation.
**Separate Entrances:**
- The property offers independent access to both the coffee shop and the residential apartment, ensuring privacy for both commercial and residential functions.
**Additional Features:**
- Exclusive retail space—this is the only coffee shop in the Stepney area, enhancing its uniqueness and appeal.
- The shop has undergone a recent refurbishment with a significant investment of over £300000, setting it apart from competitors.
- New Lease Premium: £160,000 with the empty Unit.
- Rent: £12,000 per quarter, covering the entirety of the building ( £48.000 for year )
- Business Rates: Not applicable, offering a straightforward financial proposition.
**Key Leasing Terms:**
- The landlady prefers a similar business concept for continuity and community engagement. Please note that fried food establishments, including fish & chips or fried chicken shops, are not permitted.
- The lease strictly prohibits alcohol sales, with no option for amendments.
This remarkable property offers a rare chance to secure a well-positioned commercial and residential space in a thriving, high-footfall area. Additionally, the premises can be adapted for various uses, including office services for any business type.
For further inquiries, detailed property insights, or to arrange a viewing, please do not hesitate to contact us. This is a rare gem that you won’t want to miss!
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
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.
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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.
Stay Safe
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.'.
Stay Safe
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.
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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.
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