Situated on the west side of the busy London Road shopping thoroughfare, only a short distance from the busy junction at Preston Circus and the newly refurbished Vantage Point. Well known retailers close by include Richer Sounds, Betfred, Domino's Pizza, Alcampo Lounge, The New Unity Public House and many more all forming part of the southern end of the A23. The area experiences a heavy pedestrian and traffic flow at all times of the day.
KEY FEATURES
- Prime London Road
- Heavy Footfall
- Surrounded By Many Well known Multiple Retailers
- Lease For Sale
A chance to acquire a fully fitted coffee shop premises on the main London Road surrounded by many other well known multiple retailers.
PROPERTY DETAILS
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Ground Floor Accommodation
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436 sq ft
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(40.51 m2)
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ACCOMMODATION
The premises is configured over ground floor level, comprising of the following;
- Gross Frontage - 20'
- Internal Width - 14'10 (max)
- Total Depth - 33'0 (max)
- Ground Floor Trading Area- 308 sq ft (28.6 sq m)
Currently configured as an open plan fully fitted coffee shop, with counter server to the rear of the trading space with fridge display, coffee machine and refrigerators under. Timber flooring is throughout with free standing table and chairs and window seating catering for approximately 10-15 covers. To the rear is a small kitchenette facility with stainless steel worktops, electric grill, oven and fridge/freezer. Further storage is provided with single use w/c facility and access onto York Hill.
The extensive Inventory includes coffee machine, commercial oven, toastie machine and more - full Inventory available on request.
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Ground Floor Accommodation
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To Let: £14,000 pa
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Lease
An existing 12 year lease dated 16 February 2017.
Passing Rent - £14,000 per annum exclusive rising to £15,000 per annum exclusive in February 2020.
Rent Review
February 2021 and every fourth anniversary of that date.
Repairing Liability
Effective Full Repairing and Insuring Lease, by way of a Service Charge.
Premium
£19,000 (nineteen thousand pounds) is being requested for the benefit of the existing lease, fixtures and fittings and business goodwill.
Business Rates
TBC
VAT
The property may be elected for VAT, therefore VAT may be applicable on the terms quoted.
Legal Fees
Ingoing tenant to be responsible for all legal fees associated with this transaction.
Viewing Arrangements
Strictly via prior appointment through sole agents Graves Jenkins