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Cafe for sale

Unit 10, White Hart Arcade, Launceston, Cornwall, PL15

Offers in Region of £45,000

Property Description

Full description

Tenure: Leasehold

THE PARTICULARS

All measurements are approximate. None of the fittings have been tested by ourselves.

SITUATION

The premises occupy a prominent position at the head of White Hart Arcade fronting Madford Lane. White Hart Arcade is a popular pedestrian thoroughfare from the town centre through to the on street parking in Madford Lane and the town library, tax office and commercial and residential areas beyond. The popular town centre offers a range of regional and national retailers and businesses.

The A30 dual carriageway is within one mile providing excellent road links to the east with Exeter being forty miles distance (M5 beyond). The A388 gives good access to the City of Plymouth, twenty six miles distance. To the west the A30 is the major link road into Cornwall.

DESCRIPTION

The premises comprise a ground floor corner unit. On the ground floor is the open plan café area which has recently been fully refitted and redecorated to a high standard. There is seating for 26 customers with an additional seating area outside for 6 customers. In the corner at ground floor level is a small kitchenette for the preparation of hot drink and meal preparation.

At first floor level are spacious commercial kitchen areas with many new ovens and appliances. In addition is a wc.

ACCOMMODATION

Total Internal Area
45.7sq.m (492sq.ft)

Ground Floor Cafe and Kitchenette
33.89sq.m (365sq.ft)

First Floor Kitchen/Preparation/wc plus sloping ceiling areas
38.78sq.m (417sq.ft)

THE BUSINESS

The Coffee Pot has been trading from this location for many years. The landlord has recently taken reoccupation of the premises, having originally run the business herself. Considerable time and money has been spent on bringing the café up to the current very high standard with many new appliances and fittings. It is now ready for the purchaser to expand and develop the business to a new level.

SERVICES

Mains electricity, gas, water and drainage.

LEASE TERMS

Lease terms are negotiable although a 12 year lease with three year rent reviews is desirable. The rent for the premises will be £10,000 per annum. The landlord may consider a lower sale price for the business in exchange for a higher annual rent.

The Lessee will be responsible for the payment of the Landlords legal fees for creating a new lease, subject to a maximum of £650 plus Vat, whether or not the lease proceeds.

The tenant will be responsible for reimbursement of the insurance premiums paid by the landlord for the protection of the structure and for the payment of all outgoings.

RATEABLE VALUE

£TBA (Source: www.voa.gov.uk)

DIRECTIONS

From our office proceed down along Broad Street. Turn into the White Hart Arcade just past the White Hart Hotel. The Coffee Pot will be found at the head of the arcade on the left hand side.

VIEWINGS

Please telephone us on 01566 770 770 to make an appointment.

More information from this agent

To view this property or request more details, contact:

Kivells, Commercial

2 Broad Street Launceston PL15 8AD

01566 484002 Local call rate

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Disclaimer

Property reference CO00004122. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kivells, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.