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THE OPPORTUNITY AND ACCOMMODATION
This traditional shop unit has traded as Oriund Coffee Shop for the last 7 years and the business is available to purchase together with coffee shop fixtures and fittings (inventory provided) as a going concern excluding the antiques displayed. The space is arranged as retail area with counter and kitchen area plus main seating area with steps leading to a further raised additional seating area. Due to covid spacing the current owner has reduced the seated places to around 22 covers but the unit can and did cater for up to around 36 covers. The traditional shopfront with central recessed doorway adds to the appeal. To the rear there is an office/store, WC and rear access door. A spacious basement is accessed from the retail area and there is one off street parking bay to the rear.
This opportunity could be ideal for a coffee shop operator to grow and expand the current offering or equally as a springboard for other variations such as vegan café, delicatessen/coffee shop etc.
For the purchase of the business commercial information can be provided following signing of a confidentiality waiver.
Retail : 713 sq ft ( 66.21 sq m)
Basement: 211 sq ft ( 19.61 sq m)
External frontage 20’
Internal Frontage 18’8”
Retail Depth 28’ then further raised area extending a further 12’
The current (passing) rent until expiry of the lease is £16,250 per annum exclusive.
The premises are available by way of assignment of the existing lease granted for a term of 15 years from 12.11.09 until 2024 at the passing rent of £16,250 pax.
The current Tenant is seeking a price of £20,000 for the cost of fixtures and fittings (inventory offered) and goodwill .
We are advised that the premises are not elected for VAT.
We are advised that the current Tenant pays a fixed service charge contribution of £500 pa.
We are advised that the current Tenant pays An apportioned building insurance premium contribution of approx £400 pa for the current year.
Each party are to bear their own legal costs in the transaction.
From internet enquiries only the business rate assessment is as follows:
Rateable Value £14,500
Uniform Business Rate £0.504 (April 2021 – March 2022)
Interested parties should verify this information and any transitional adjustments prior to entering into any contract.This unit with Rateable Value of £15,000 should entitle the Tenant to SBRR (small business rate relief)
A compliant EPC is available for this property. It has been rated D (91). A full copy of the EPC is available upon request.
Strictly by appointment with the Landlord’s Agents Robinsons telephone 01306-884685.