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Cafe Opportunity

Houghton le Spring £25,000 Leasehold (fees apply) REF: NE1624

Location

The business is located on Front Street which is the principal road running through the central business district of Houghton le Spring.

The subject property forms part of an extensive parade of retail premises with occupiers that include Subway, Greggs, Barclays Bank and numerous independents.

The shopping area benefits from ample free car parking and this business is less than a couple of minutes walk away from one of the main car parks.

Business

This is a long-established café and coffee house which has been operated by our client since 2005 but is now being sold as they have moved away from the region. 

The premises are configured to provide a main dining area at the front with up to 20 covers plus a large staff service area.  To the rear there is a spacious kitchen and prep room plus a staff toilet.

The menu is traditional café fare with hot and cold drinks and snacks but also includes burgers, wraps and the full breakfasts are particularly popular.  The kitchen is well equipped and could be adapted for a range of cuisines.

Viewing is recommended to appreciate the potential and location of this opportunity.

Premises

Comprises a ground floor single storey unit;

Ground Floor

Coffee Shop / Service Area      45 m2      480 ft2

Kitchen & Prep                        26 m2      280 ft2

Staff W.C.

Fixtures & Fittings

A full inventory would be made available to bona fide enquiries prior to an exchange of contracts.

EPC

Rating - TBC.

Trading Hours

Monday - Friday              9.00pm - 2.30pm

Saturday                                   closed

Sunday                                      close

Rates

The premises are assessed as follows:

Rateable Value £10,250

Rates incentives are available subject to status.

Tenure

The premises will be offered on a new lease for a minimum term of 3 years at a commencing rent of £8,000 per annum, rising to £9,000 per annum in the 2nd year and £10,000 per annum in the 3rd year. 

Full terms and conditions to be agreed but the ingoing tenant will be responsible for the landlord’s legal costs in the preparation of the new lease.

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

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