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Commercial property for sale

Derby Road, Stapleford


Property Description

Key features

  • Commercial house

Full description

Tenure: Freehold

An opportunity to purchase a FREEHOLD BUSINESS & BUILDING with FULLY LET one bedroom flat and SUCCESSFUL LONG ESTABLISHED CAFE BUSINESS on the ground floor.

The property is available for sale due to a change in our clients' circumstances and includes all kitchen equipment and internal fittings for the business.

The cafe occupies the ground floor of a detached retail unit fronting an established retail parade of Derby Road with restricted parking to the front. There is additional parking space to the left and immediate front of the building for the occupiers of the business. The property has a generous plot of land to the rear which may offer a POTENTIAL BUILDING PLOT subject to planning permission. Upstairs there is a one bedroom flat which is currently fully let under an assured shorthold tenancy agreement.

The current vendors trade seven days a week as a cafe/sandwich bar take-away. The Sunday roasts are also popular at the weekends. The front retail area has a capacity for twenty four covers and the rear dining room a further twenty five. To the back of the property is a garden with play area and further seating for the summer months.

4.5m (14ft 9in) x 6.1m (20ft 0in)
Two large bay windows with central door leading to seating and counter area.

Doorway leading through to:

Inner Hall/WC: 1.4m (4ft 7in) x 1.1m (3ft 7in)
3.2m (10ft 6in) x 4m (13ft 1in)
Fully fitted reasonably contemporary kitchen, appliances and central work station.

Door leading through to REAR YARD with DOUBLE BRICK STORE housing freezer and goods.

Dining Area:
4.1m (13ft 5in) x 3.9m (12ft 10in)
Potential for twenty five covers and is perfect for smaller parties.

The rear garden area is enclosed by timber panel fencing and secure therefore for young children with the benefit of timber benches and play area.

Parking to the side of the building is available for two vehicles with further parking space immediately to the front. On-road parking is subject to time restrictions.

Accommodation comprises one bedroom, bathroom/w.c., kitchen and lounge with separate access.

The first floor apartment is currently let under an assured shorthold tenancy agreement achieving 395 p.c.m. The property is otherwise for sale with freehold vacant possession. The asking price of 165,000 includes internal fixtures and fittings for the business and a reasonable amount of goodwill, estimated to have a value of some 45,000.

I understand that the sale of the property is not subject to VAT. Any purchaser is however advised to make their own enquiries in this regard.

Legal Costs:
Each party is to bear their own legal costs.

No gas is currently connected to the property. Space heating and kitchen equipment are all electrical appliances. Mains water and drainage are however provided and the incoming tenant is to be responsible for all costs.

Business Rates:
The rateable value of the property is 2,850.00 per annum and subject therefore to business rate relief.

Map & Street View

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