Get brand editions for Fenn Wright, Chelmsford Residential Sales

2 bedroom apartment for sale

The Street, Little Waltham

Guide Price £525,000

Property Description

Key features

  • Reluctant Sale of Flourishing Business Premises Completely Refurbished with New Appliances
  • Potential for Extension and Trading Expansion
  • £205,000 Annual Turnover (Net ex VAT)
  • Mixed Use A1 Shop & A3 Café

Full description

Tenure: Freehold

Description The property comprises a fully renovated Edwardian Grade II Listed Shop & Tea Room / Restaurant with a self contained two bed flat to the first floor. The property benefits from a beautiful cottage garden and central rural village setting.

The current owners have completely renovated the property. Renovation works include new wiring, three phase electrics, new plumbing/drainage, full damp proofing, re plastering with improved insulation to modern building regulations, CCTV, fire alarm system, solid wood floors and commercial grade vinyl in the working areas.

The ground floor comprises a retail/deli counter which leads round to the customer seating area for the tea room/restaurant as well as window seats looking out over Little Waltham and the property garden at the front of the shop. There is a fully equipped kitchen which benefits from new appliances and equipment throughout.

The first floor flat is fully self-contained and can be accessed via the shop or from it's own front door, which opens out onto Brook Hill. The first floor comprises 2 bedrooms, a good sized kitchen and bathroom. The flat has recently been decorated with new carpets and floors in the kitchen, bedroom and bathroom.
 

Business information The business has been trading very successfully for the last two years. In this short time it has earned an excellent reputation, being in the top 30 restaurants in the Chelmsford area on TripAdvisor.

There is a large regular weekly customer base from nearby residents, businesses and Broomfield Hospital. This refers to both the tea room and returning customers visiting the shop for bread, milk, eggs and sweets/cakes.

At present the business is open 8am - 5:00pm Monday to Saturday. The property is not open evenings or Sundays and therefore there is potential for longer trading hours.

Our client was looking into the possibility of extending the property into the garden area to provide additional seating (subject to planning) and has had extensive talks with local residents and the City Council about plans for this, however due to the reluctant sale these plans were put on hold. Our client has also indicated there is excellent potential for outside catering.

The business has very recently had a 5 star hygiene inspection, and is not due for inspection again for up to 2 years.

We are advised by our client the annual turnover is approximately £205,000 (Net excluding VAT).

Copies of the last two years trading accounts are available upon request.
 

Where? The property is located in the picturesque village of Little Waltham which has a local doctors surgery, well regarded primary school and three children's nurseries.

The city of Chelmsford is located to the south of the village which provides a comprehensive range of entertainment, shopping and educational facilities.

Chelmsford mainline station provides fast frequent services to London Liverpool Street with an approximate journey time of 35 minutes.
 

Kitchen 11' 5" x 11' 5" (3.5m x 3.5m)  

Tea room shop 11' 5" x 15' 5" (3.5m x 4.7m) 5 tables/16 seats 

Deli shop 32' 9" x 12' 1" (10m x 3.7m) 4 tables/9 seats 

Shed storage 11' 5" x 6' 6" (3.5m x 2m)  

Lean to storage 11' 5" x 9' 6" (3.5m x 2.9m)  

First floor  

Living room 17' 8" x 12' 1" (5.4m x 3.7m)  

Kitchen 11' 5" x 11' 5" (3.5m x 3.5m)  

Master bedroom 11' 5" x 11' 5" (3.5m x 3.5m)  

Bedroom two 12' 1" x 10' 5" (3.7m x 3.2m)  

Bathroom 5' 10" x 9' 6" (1.8m x 2.9m)  

Use class Mixed Use A1 Shop & A3 Café throughout ground floor. Residential on the first floor.
 

Business rates Rateable Value £6,600
Rates payable (2016/2017) £319.44 per annum.
 

Terms The property is available to purchase for the sum of £525,000.

The sum includes all the trade fixtures and fittings including the new appliances and equipment relating to the business, but an apportionment of value in this respect will need to be mutually agreed by the parties.
Shop and catering stocks mutually agreed by the parties are to be additionally paid for at cost price. (Approx. £10k).
 

VAT We understand VAT will not be payable on the purchase price.
 

Legal cost Each party to bear their own legal costs incurred in this transaction.
 

Listing History

Added on Rightmove:
24 October 2016

Nearest stations

  • Chelmsford (3.6 mi)
  • Cressing (6.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Fenn Wright, Chelmsford Residential Sales

20 Duke Street, Chelmsford, CM1 1HL

01245 930127 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Fenn Wright, Chelmsford Residential Sales

20 Duke Street, Chelmsford, CM1 1HL

01245 930127 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Chelmsford (3.6 mi)
  • Cressing (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fenn Wright, Chelmsford Residential Sales

20 Duke Street, Chelmsford, CM1 1HL

01245 930127 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100989044762. 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 Fenn Wright, Chelmsford Residential Sales. 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.

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