Commercial Property for saleLeasehold Sea Front Cafe Business For Sale, Quay Street, Scarborough, YO11 1PL
Sold by Us £90,000
A fantastic and rare opportunity to purchase a seafront business on a new 10 year lease, in a most splendid location overlooking the harbour, Pier and beneath the Castle headland. The Sunrise Café has been operating under the current owners for over 20 years and is a solid business with strong accounts. The property on offer comprises the covered seating area, indoor cafe, kitchen and staff toilet, plus the seating area to the front which is leased from Scarborough Council on a renewable 21 year lease. Ingoing - £90,000 plus stock at point of sale. £12,000 per annum rent.
LOCATION: The property is addressed as No. 64 Quay Street but the seating area fronts onto Sandside, over looking the harbour and pier and being situated beneath the castle headland. This super prime location is very busy and benefits from high levels of footfall. The property is adjacent to the start of the Marine Drive where there is plenty of parking, and also opposite the Luna Park which acts as a magnet destination.
THE BUSINESS: The current owners have run the business successfully for over 20 years. The business has a strong consistent turnover based on 10 months of a year trading. There is scope to increase turnover by extending the opening hours and acquiring an alcohol license which is thought could increase turnover dramatically. A turnover in excess of £100,000 per annum should be achievable with the right operators.
THE PREMISES: The premises on offer will include the cafe, covered seating area, kitchen, staff toilet, kiosk and front outdoor seating area. The land to the front is rented from Scarborough Council at £10,400 per annum.
CAFE: The cafe comprises the indoor seating area with seating for up to 32 people. The room has a ceramic tiled floor, painted plaster walls, spot down lights and double opening doors out to the covered seating area.
KITCHEN: The commercial kitchen is fully equipped with 2 x table top deep fat fryers, extraction, 2 x griddle, commercial dish washer, large stainless steel sink with drainer, 3 x microwaves, large twin fridge, a number of other fridges and freezers, stainless steel worktop and toasters.
LEASE: The property will be let on a new 10 year lease direct with the landlord at a starting rental of £12,600 per annum. The lease will be based on an effective full repairing and insuring basis and will include a rent review after 5 years.
OUTSIDE FRONT: The land on which the outdoor seating and kiosk sit (outlined in blue on the plan) is leased from Scarborough Council on a renewable 21 year lease. The current rent payable is £9,750 per annum.
BUSINESS RATES: The property has a current Rateable Value of £8,700 and therefore will benefit from small business rate relief. Interested parties are advised to confirm the rate liability by contacting the Local Taxation Office - 01723 232323.
VIEWING: Viewings are to be arranged strictly via the agents Colin Ellis Commercial - 01723 363565.
COMMERCIAL DISCLAIMER: Unless otherwise stated, all prices and rentals quoted are exclusive of any VAT to which they may be subject. Specific enquires should be made of the vendor/landlord for clarification prior to entering into any arrangement or agreement. These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer of contract. Colin Ellis Property Services cannot guarantee the accuracy of any description, dimensions references to condition, necessary permission for use and occupation and other details contained herein and prospective purchasers or tenants must not accept as statement of fact or representation and must satisfy themselves as to their accuracy. The reference to any plan, machinery, equipment, devices, fixtures, or fittings at the property shall not constitute a representation unless otherwise stated as to the state or condition or that it is capable of unfulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as the fitness of such items for their requirements. Colin Ellis Property Services will not be liable in negligence or otherwise nor anyone arising from the use of these particulars. No employee of Colin Ellis Property Services has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property.
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