Cafe for sale

Orpington High Street, Orpington, BR6

Under Offer £125,000

Property Description

Key features

  • MODERN & BUSY CAFE WITH 52 COVERS
  • ADVISED SALES UP TO DEC 15 £285,000
  • INCOME FROM RENTAL OF UPPER FLOORS £12,800PA
  • 6 DAY TRADING / SCOPE TO EXTEND HOURS
  • 9 PARKING SPACES TO REAR

Full description

Tenure: Leasehold

LOCATION

Orpington is a busy and affluent town which is located some 16 miles south east of central London and some 5 miles from Bromley.

The M25 ring road around London passes Orpington to the South of the town and the A208, A224 and A223 pass through the area.

The subject premises enjoys a busy and prominent trading position fronting on to the High Street close to Walnuts Shopping Centre and with a mix of national and independent businesses nearby including HSBC, Barclays, MacDonald's and Corals. The business enjoys substantial passing trade


DESCRIPTION:

A fairly sizable property comprising a modern and busy café together with the upper floors and 9 parking spaces at the rear.

The business has a glazed frontage incorporating double entrance doors under a signage leading into the main public/seating area which has tables and chairs for 52 people. To the side of the seating area is the serving counter which has a door connecting to the kitchen preparation area. At the rear there are separate customer toilets.

We understand that the main seating area was decorated in March 2016 and is finished off with tiled flooring and a suspended ceiling giving the overall impression of a clean modern business.

Arranged over the first and second floors there are 2 bedsits, one room that is let, an office, and shared bathroom and kitchen facilities.

The café has been established for around 50 years and in the hands of our client, who is selling due to retirement, since 2008.

The business is run as a traditional café offering a wide and varied breakfast and lunchtime menu plus hot and cold drinks. The business also derives income from a takeaway sales plus hospitality trade.

The business is open for trade Monday - Saturday 6.30am - 4pm and closed Sunday. We feel that trade could be increased by extending the opening hours.

The business has one full time working owner who is assisted in the day to day running of the business by a chef plus 3 waitresses


TRADING INFORMATION:

At the time of my inspection I was able to discuss recent trading information with our client who advised me that sales up to December 2015 were £285,000 (GP 64%)

Income generated from the rental of the 1st and 2nd floors to staff is £12,800 per annum

6 of the 9 parking spaces are rented to nearby businesses and generate £55 pcm

Interested applicants are strongly advised to make their own enquiries to confirm takings and annual income

TERMS:

We understand that a new 10 year lease is to be signed at a passing rental of £35,000 per annum.

Asking Price £125,000

RATES:
We have been advised from Bromley Council the rateable value is £21,250 and the payable rates are £10,825.















Energy Performance Certificates (EPCs)

Nearest stations

  • Orpington (0.5 mi)
  • Chelsfield (1.3 mi)
  • St. Mary Cray (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hummerstone & Hawkins, Welling

144 Welling High Street, Welling, DA16 1TN

020 8012 6180 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

  • Orpington (0.5 mi)
  • Chelsfield (1.3 mi)
  • St. Mary Cray (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hummerstone & Hawkins, Welling

144 Welling High Street, Welling, DA16 1TN

020 8012 6180 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 HUMME_000281. 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 Hummerstone & Hawkins, Welling. 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.

Map data OpenStreetMap contributors.