Cafe With Accommodation In East London For Sale

Business description

In shopping parade close high str, A13, easy parking. 375 sq ft grd flr (12 seats) + 450 sq ft bsmnt (24 seats), staff run, t/o £72,000 pa, fruit machines. New lease, 4 yrly reviews, rent £11,400 pa, rates £1,056 pa. 1-bed s/c flat. OFFERS INVITED WITH OR WITHOUT FLAT.

Property information

Property:

Leasehold

Lease terms:

New renewable 12 or 16 year lease with 4 yearly rent reviews @ an initial rent of £11,400 per annum.

Leasehold rent:

£11,400 per annum

Living accommodation:

There is a self contained 1-bedroom flat at the rear of the cafe.

Location:

Situated in a small parade of local shops and is close to main high street, A13 and is surrounded by densely populated residential area.

Premises details:

Single fronted premises has sun canopy, shutters and a forecourt with seating. Internally the premises is arranged on ground floor and basemen levels. The ground floor measures approximately 375 sq ft overall comprising seating for 12 customers, serving counter backed by part open plan kitchen, washing up area and rear door leading to the yard. The basement measures approximately 450 sq ft overall comprising seating for 24 customers, office, toilet and small storage. The premises is fully alarmed.

Size in square feet:

825

Planning consent:

A3

Business Operation

Expansion potential:

The business is very well established for 21 years and is run by staff, current showing taking of £72,000 per annum.

Reasons for selling:

Other business commitments

Trading hours:

Mon – Fri 7.00 am – 2.00 pm & Sat 7.00 am – 1.00 pm.

Employees:

1 f/t & 4 p/t

Years established:

21

Other information

Support & training:

Available if required