Southampton Coffee Shop And Sandwich Bar Available For Sale

Business description

LOCATION
Situated within the popular shopping locale of Bedford Place, opposite Sainsbury’s Local store and close to the Law Courts, Barrister Chambers, numerous corporate offices and amidst a large resident student population. Southampton Railway Station approx. 1,000 yards. Southampton Guildhall approx. 1,000 yards. West Quay Shopping Centre approx. 1,400 yards.

FEATURES
Multifaceted Delicatessen Coffee Shop and Sandwich Bar opportunity. Excellent central location in sought-after area. Designed and fitted to a high specification. Gas central heating throughout. Established local trade. Fully fitted and equipped throughout. Scope for business development. Rental income from 1st and 2nd floor businesses. Enclosed paved terrace to the front.

SUMMARY OF ACCOMMODATION
Delicatessen Coffee Shop and Sandwich Bar. Kitchen. Cloakroom. First Floor (currently let). Second Floor (currently let). First & Second Floors currently let on short term tenancy agreements.

TRADING & BUSINESS
The business currently operates Monday to Friday from 10.00am until 3.00pm as a coffee shop and sandwich bar with delicatessen products also available. The owners also inform us that they currently let the upper floors for a combined and fully inclusive rent of £12,900 per annum. The current owners also provide an outside catering and buffet lunch service, which it is felt could be expanded by the new owner. The tenants inform us that in the last trading year the turnover was approximately £85,000 excluding VAT. The owners also inform us that they currently let the first floor premises at a rent of £9,000 per annum and the second floor at £3,900 per annum. We have not had sight of accounts, rents and lease documentation for this business.

Property information

Property:

Leasehold

Lease terms:

LEASEHOLD. The premises are held under an original 10 year lease which expires in September 2013, with 5 yearly rent reviews at a current rent of £17,000 per annum. The owners inform us that a new 10 year lease can be made available. We have not had sight of this lease documentation.

Leasehold rent:

£17,000 per annum

Location:

Situated within the popular shopping locale of Bedford Place, opposite Sainsbury’s Local store and close to the Law Courts, Barrister Chambers, numerous corporate offices and amidst a large resident student population. Southampton Railway Station approx. 1,000 yards. Southampton Guildhall approx. 1,000 yards. West Quay Shopping Centre approx. 1,400 yards.

Premises details:

Delicatessen Coffee Shop and Sandwich Bar. Kitchen. Cloakroom. First Floor (currently let). Second Floor (currently let). First & Second Floors currently let on short term tenancy agreements.