EXCEPTIONALLY WELL FITTED PREMISES, CURRENTLY TRADING AS A CAKE SHOP HOWEVER SUITABLE FOR OTHER USES INCLUDING A RESTAURANT (CANOPY & EXTRACTION IN PLACE)

SALE OF EXISTING LEASE OR NEW LEASE AVAILABLE SUBJECT TO COVENANT

Other Details

Accomodation

Comprising retail premises laid out to provide a sales area, separate prep area with canopy & extraction, rear storeroom with walk-in fridge, WC facilities. Externally there is rear access for deliveries and parking for 2 cars. Approximate floor areas and dimensions are as follows: Gross Frontage: 18ft 3" 5.56m Shop Depth: 26ft 6" 8.1m Shop Width: 17ft 9" 5.41m Sales Area: 470sq ft (43.71m2) Prep area: 196sq ft (18.22m2) Storeroom with walk-in fridge 186sq ft (17.29m 2) Office 45sq ft (4.18m 2) 2 car parking spaces

Amenities

WALK IN FRIDGE WOODEN FLOORING FULLY GLAZED SHOP FRONT ELECTRIC SHUTTERS TEMPERATURE CONTROL UNITS 3-PHASE POWER STAINLESS STEEL CANOPY & EXTRACTION REAR ACCESS WITH PARKING FOR 2 CARS EXCELLENT DECORATIVE ORDER

Lease

Available by way of an assignment of our clients existing full repairing and insuring Lease which was originally for a term of 15 years commencing July 2022 subject to 5 yearly upward only rent reviews. Subject to covenant we understand the Landlord may consider granting a new Full Repairing and Insuring Lease for a term to be agreed.

Rent

PASSING RENT: £25,000pax payable quarterly in advance RENT DEPOSIT: We understand the Landlord currently holds a 6 month rent deposit which the assignee/new tenant will need to replace subject to covenant. PREMIUM: £50,000 for the benefit of the Leasehold interest & the substantial improvements our client has made to the shop, plus certain f & f (the oven, mixer, coffee machine & stainless steel table are not included). In the event they are required, the 5 display units in the shop, can be made available at an additional cost of £30,000.

Rates

Rateable Value 2022/2023- £28,750 Rates Payable 2021/2022 - £14,346.25 Retail & Leisure premises - From 01/04/23 until 31/03/24 at the earliest, a tenant’s rates liability will be based on paying 25% of the annual rates payable (RP). Whilst this information is provided in good faith, prospective tenants are advised to make their own enquiries to establish whether they qualify for full or partial rate relief.

Legal Costs

The ingoing Tenant is to be responsible for both our clients and the landlord's reasonable legal costs borne in this transaction.

Possession

Immediate upon completion of legal formalities.

Viewing

Strictly by appointment