Location
The property is situated in a prominent position in the High Street within an established parade comprising a mix of retail and commercial premises.
Description/Accommodation
The property comprises a ground floor cafe with the benefit of an A3 Licence currently operating as The Hard Edge Cafe together with a one bedroom flat above.
The ground floor comprises an open plan seating area with addition forecourt seating together with rear kitchen and storage/preparation areas.
There is rear access to the property which is useful in terms of deliveries.
At first floor level there is a self-contained one bedroom flat.
Approximate net internal areas
Sales Area
33.44 sq m - 360sq ft
Kitchen
5.58 sq m - 60sq ft
Rear Preparation and storage area
5.95 sq m - 64 sq ft
Total
44.97 sq m - 484 sq ft
Tenancy Details
The ground floor is leased to Christian Breteche trading as The Hard Edge Cafe on effective full repairing and insuring terms for a period of 10 years from 15th September 2022 at a current rent of £16,000 pax. There is a Tenant break clause and rent review at the 5th year.
The first floor flat is let on an Assured Shorthold Tenancy currently let at £995 pcm.
Terms
The freehold interest is available for sale subject to the above tenancies.
Price
£400,000 plus vAT (if applicable), Subject to Contract.
Business Rates
According to the Government website the Rateable value is £6,700. The UBR for 2022/23 is 49.9p in the £.
Legal costs
Each party to be responsible for their own legal costs.
Energy Performance Certificate
Energy performance rating:
Restaurant is D (93)
Flat: D (67)
Benefits include
More informationArrange an inspection
Strictly by appointment with Sole Agents
Gildersleve & Payne: 01883 723888
Nick Payne
Email: nickp@gpcommercial.co.uk
Property Misdescriptions Act 1991 Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose
Code of Practice Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk
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