Location
The premises are located within a busy and popular leisure area on Dean Street which runs down from Grey Street towards the Quayside.
Dean Street offers a mixture of accommodation including upper floor offices with ground floor occupiers that are more leisure orientated. This part of the City is going through some redevelopment at the moment, with a number of new bars and restaurants having opened over the last 12 months.
Business
This address has been synonymous with food use over the years and was acquired for our client in 2012. The business currently operates as a traditional sandwich bar with outside catering and buffets on demand.
The premises are in good order and fully fitted and equipped for the trade. The menu is compact and comprises a selection of sandwiches, salads and paninis, all of which are made to order. Hot and cold drinks are also available across the counter and the business has a loyal and developing customer base comprising office workers, shoppers and some students.
The short hours trading regime is through personal choice, rather than custom, and there is scope for new owners to develop the business and to extend the trading hours, particularly by opening later or over the weekends.
New owners could develop all of the existing services, but particularly the outside catering where our client knows there is further demand. The lower ground floor provides an ideal base from which to expand the buffet service with a large open plan space ideal for prep.
The business is a rare to the market opportunity with strong profit margins and the potential for further growth in the right hands.
Premises
Comprise a self-contained ground floor and basement shop which forms part of a much larger property.
Ground Floor
Retail / Service Area circa 32 sq.m. (350 sq.ft.).
Basement
Kitchen / Prep / Stores circa 42 sq.m. (450 sq.ft.)
W.C.
EPC
Rating - B.
Staff
Can be sold free of staff.
Fixtures & Fittings
A full inventory would be made available to bona fide purchasers prior to an exchange of contracts.
Trading Hours
Monday - Friday 8.00am - 2.00pm
Saturday & Sunday closed
Rates
The premises are assessed as follows:
Rateable Value £14,500 (2023 list)
Rates free incentives subject to individual status.
Tenure
The premises are held on a 5 year EFRI lease from August 2023 at a passing rent of £12,250 per annum. Further details available on request.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations, the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
