Commercial Licensed High Street Premises with Alternative Use Potential with coffee shop

Fully Equipped Coffee Shop & Commercial Premises – High Street, Gravesend

"Commercial Licensed High Street Premises with Alternative Use Potential

Premises licence is "Free of Tie"

Premium: £25,000 – Open to sensible offers
Rent: £2,000 per calendar month plus VAT
Total area: approximately 1,583 sq. ft

An excellent opportunity to acquire a fully equipped coffee shop with substantial additional retail space on King Street, close to Gravesend Clock Tower. The premises occupy a prominent town-centre position with good visibility and a large display frontage. Gravesend railway station is approximately 0.2 miles away, with several public car parks nearby.

Property description

The premises comprise a ground-floor commercial unit and basement totalling approximately 1,583 sq ft. The ground floor is currently divided between an operational coffee shop and an additional retail area with shelving already installed. Subject to all necessary approvals, the additional space offers potential for an off-licence and grocery business, salon, nail bar, retail shop or office.

The property benefits from:

• Large display window facing King Street
• Three-phase electricity supply
• Coffee shop sales and customer seating areas
• Separate retail area with fitted shelving
• Break room, kitchenette and WCs
• Substantial basement accommodation

Floor Areas

Ground floor: approximately 1,004 sq ft (93.33 sq m)

Includes the sales area, customer seating, additional retail space, break room, kitchenette and WCs.

Basement: approximately 579 sq ft (53.83 sq m)

Includes four separate rooms suitable for offices, storage or other ancillary uses. External walls and pipes are concealed behind accessible stud walls with multiple access doors.

Business Use and Premises Licence

The property has Class E commercial use, which may be suitable for uses: Café or coffee shop, Salon or Offices

The premises also benefit from an Alcohol Premises Licence permitting sales between 6:00 AM and 11:00 PM, offering a potential ready-to-start off-licence opportunity, subject to verification, transfer and compliance with all licence conditions.

Lease and Rent

1. Current rent: £2,000 per calendar month plus VAT

2. Annual rent: £24,000 plus VAT

3. Lease term: 20 years, Five-year break clause, Next rent review: 2030

4. Landlord’s rent deposit: approximately £6,000 plus VAT, equivalent to three months’ rent

5. A £5,000 holding deposit is requested by the current leaseholder to secure the transaction, subject to agreed terms

Business Rates

The current business-rates payment is approximately £10,000 per year after applicable relief.

The Valuation Office Agency reportedly shows a rateable value of approximately £19,000. Prospective purchasers must confirm the current rateable value, relief eligibility and actual amount payable directly with Gravesham Borough Council and the Valuation Office Agency.

Premium and Equipment Included

Agreed Price: £25,000, negotiable for serious buyers and open to sensible offers. This includes the shop equipment, fixtures and fittings, together with the benefit of the lease assignment or new lease, subject to the landlord’s consent and legal agreement.

Equipment includes:

• La Cimbali four-group commercial coffee machine, originally purchased new for approximately £14,000
• Coffee grinders, Hot and cold display cabinets, Wooden counters
• Cold-drinks refrigerators, Long and short under-counter refrigerators, Freezer
• Retail shelving, Stainless-steel sink, Dishwashers, Blenders, Cups, plates and cutlery
• Sofas, approximately 20 chairs and eight tables

This is an exciting opportunity to acquire a well-positioned, fully equipped coffee shop with additional space offering considerable potential for another commercial activity.

All measurements, figures, permitted uses, licence details, lease terms and business-rate information are provided in good faith. Interested parties should verify them independently and obtain appropriate legal, financial, licensing and property advice before entering into any agreement.