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Retail Property (out of town) for sale

Trafalgar Road, Greenwich, London

Withdrawn from Market £85,000

Property Description

Full description

Tenure: Leasehold

An established COFFEE shop, situated on the busy TRAFALGAR ROAD of Greenwich, SE10. A short walk to Maze Hill station, the current business has been running for 10 years, of which the current vendor/owners have served 9 years of service to tourists, corporates, local residence and businesses. The vendor/owners are leaseholders of the entire premises from the freeholder, and therefore this is a sale of the business as a going-concern, with the existing lease to be assigned over to the buyer.

The sale will include all machinery. There is a reasonable seating capacity within the shop, with the addition of a rear garden which accommodates for further outdoor seating. There is a basement for storage and a customer toilet to the rear. The coffee shop is current trading from 8am to 4pm on Monday to Friday and 9am to 4pm on weekends. Their prices on the menus have not been increased for the last 2 years.

They are currently serving:
- Hot and cold drinks
- Fresh juices and fruit smoothies
- Handmade sandwiches
- Bagels and paninis
- Homemade cakes

With the possibility to expand the business by increasing hours to catch early commuters and by introducing: more breakfast options, meal deals for lunch, afternoon tea specials and introducing free WIFI for customers, etc.

In addition to the shop, rear garden and basement, there is also a self-contained one bedroom flat which has access via the rear garden. The flat currently achieves £940 per calendar month, which contributes £11, 280 towards the reviewed (2014) annual rent of £23,000. The renewable lease runs until 2023, with the next rent review due 2017.

For more information or to arrange a viewing, CALL NOW on 020 8858 0990 to arrange a viewing by appointment.

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