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Commercial Property for sale

Smithy's 2, 1/2 New Road, Kidderminster

£69,950

Property Description

Key features

  • FANTASTIC INVESTMENT
  • FULLY TRADING
  • CAFE, TAKEAWAY & OUTSIDE CATERING
  • READY FOR IMMEDIATE TRADING
  • GOOD CLIENTELE
  • CENTRAL LOCATION
  • FULLY EQUIPPED

Full description

Tenure: Leasehold

FULLY FITTED & EQUIPPED TRADING CAFE & TAKEAWAY LEASEHOLD BUSINESS FOR SALE Offers based on £85,000

DUE TO RETIREMENT / BUSINESS AS USUAL

LOCATION The premises are located on New Road, within close proximity to Weavers Wharf Shopping Centre. The property is located in a prime retail pitch close to the heart of Kidderminster town centre and immediately accessible to Kidderminster College and the wider town centre and all its facilities.

DESCRIPTION An opportunity to acquire a successful and established hot and cold sandwich takeaway and outside catering business. The property comprises a double retail unit in a prominent location on a major through road in the centre of Kidderminster.
The business generates an excellent turnover in the region of £80,000 and has been trading for a number of successful years (full accounts for the last 5 years available from the Agents subject to a charge of £100.00).

TENURE The property is available on an existing lease for a term of 10 years expiring 31st August 2018 at a passing rental of £9,204 per annum.

ASKING PRICE Offers are sought of £85,000 subject to contract for the lease and all of the furnishing, fixture, fittings and chattels.

PLANNING We understand the property has existing use for A5 and A3.

Prospective purchasers should satisfy themselves as to both the existing and intended uses of the property with Planning Authority.
Wyres Forest District Council
Wyre Forest House
Finepoint Way
Kidderminster DY11 7WF T: 01562 732 928

BUSINESS RATES Tenants are responsible for business rate and are advised to confirm their rates liability with the local rating authority. The draft rateable value from April 2017 is £6,700.

LEGAL COSTS Each party will responsible for all their own costs in respect of this transaction.

VAT We understand VAT will not be chargeable on this transaction.

FIXTURE AND FITTINGS The business is to be sold as seen and includes all furniture, fittings and equipment.

VIEWING Strictly by appointment with the Agents on 01384 392 371

________________________________________________

GENERAL TERMS
VAT
VAT maybe levied on the purchase price / rentals or other outgoings
Services
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify they are in working order or fit for their purpose. The tenant is advised to obtain verification from their solicitor or surveyor.
References
The successful purchaser will need to provide either a satisfactory bank reference and / or two trade references for approval.
Money Laundering
The successful tenant will be required to submit proof of identity, in accordance with money laundering regulations.
Fixtures & Fittings
Any fixtures and fittings not expressly mentioned within these particulars are excluded from the transaction.
Areas & Dimensions
All areas and dimensions are deemed to be approximate only.
© Walton and Hipkiss


Property ref: 121_1560_4236279


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