Commercial Property for sale

Mill Street, Oakham

Sold STC £7,950

Property Description

Key features

  • Sandwich Bar Business
  • Town Centre Location
  • Leasehold
  • Annual Turnover: 55,000
  • Existing Rent: 8,000 + VAT PA
  • Good Window Display
  • Seating Area
  • Fitted Kitchen, Washing Facilities
  • 1 x WC, Store
  • Energy Rating: TBC

Full description

FOR SALE : LEASEHOLD SANDWICH BAR BUSINESS

THE SQUIRREL TREE, 4 THE MALTINGS, 15 MILL STREET, OAKHAM, RUTLAND

A rare opportunity to purchase an existing leasehold Sandwich Bar business situated in the centre of the popular Rutland market town of Oakham. The property is leasehold and the Tenant is either looking to assign the existing lease or the Landlord would be prepared to enter into a new lease, subject to agreeing satisfactory new terms.

Description - A rare opportunity to purchase an existing leasehold Sandwich Bar and outside Catering business situated in the centre of the popular Rutland market town of Oakham. The property is leasehold and the Tenant is either looking to assign the existing lease or the Landlord would be prepared to enter into a new lease, subject to agreeing satisfactory new terms.

Accommodation briefly comprises:
Seating / Retail area with good window display.
Kitchen / Food Preparation area.
W.C. and small store

The current lease on the property is held up until 24th June 2019. There is an option of either having the balance of the existing lease assigned or more likely entering into a new lease with the Landlord, subject to Landlord's approval.

Goodwill for the business and the existing fixtures and fittings are available for sale at an asking price of £7,000.00.

Accommodation -

Retail/Seating Area - 3.89m x 4.47m overall (12'9" x 14'8" overall) - With fitted shelving and small seating area.





Kitchen/Food Preparation Area - 3.15m x 3.68m (10'4" x 12'1") - There is a fitted kitchen with tiles to walls.

Wc - 0.86m x 3.25m overall (2'10" x 10'8" overall) - With low level WC.



Business For Sale - The business is for sale at a price of £7,000.00 to include the existing fixtures and fittings, kitchen appliances and goodwill of the business.

Full details of the last three years trading accounts are available for inspection on request.

A schedule of the fixtures and fittings included in the sale are available on request.

Rental - The current rent is £7,950 + Vat per annum, payable quarterly in advance. The rent is reviewed three yearly in an upwards only direction.

Terms Of Lease - The property is offered either by way of an assignment of the existing lease or the grant of a new lease subject to Landlord's approval. The existing lease on this property comes to an end on 24th June 2019 and the Tenant is looking to either assign the existing lease or more likely this property will be re let let on a new lease with the Landlord.

The unit is let on an internal repairing and insuring lease with external repairs being dealt with by an annual service charge payable by the commercial occupiers of The Maltings Development.

Service - Mains Water, Electricity and Drainage are connected. Telephone installed.

None of the services, fittings, or appliances (if any) heating installations, plumbing or electrical systems, telephone or television points have been tested by the Selling Agents.

Rateable Value - Enquiries to Rutland County Council, Telephone Oakham 01572-722577

Office Opening Hours - Monday - Friday 9.00 - 5.30
Saturday 9.00 - 4.00
Sunday & Bank Holidays 10.00 - 2.00

N.B. - Interested parties are advised to check with ourselves that these particulars have not been altered or amended in any way since they were issued.

Disclaimer - 1. The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. No responsibility is assumed for the accuracy of individual items. Prospective purchasers and lessees ought to seek their own professional advice.

2. All descriptions, dimensions, area, reference to condition and necessary permission for use and occupation and their details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, or otherwise as to the correctness of each of them.

3. No person in the employment of Messrs Murray has any authority to make or give any representations or warranty whatever in relation to this property or these particulars or enter into any contract relating to this property on behalf of the vendor.

4. No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn.

5. It should not be assumed that the property has all necessary planning, building regulation or other consents. Where any reference is made to planning permission or potential uses, such information is given in good faith.

6. The information in these particulars is given without responsibility on the part of the agents or their clients. These particulars do not form any part of an offer of a contract and neither the agents nor their employees has any authority to make or give any representations or warranty in relation to this property.

Money Laundering Regulations 2003

Anti-Money Laundering Regulations came into force in March 2004. These regulations affect estate agents, there will be requirement that Murray's confirm the identity of its seller and buyers.


More information from this agent

Nearest station

  • Oakham (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Murray Estate Agents & Chartered Surveyors., Oakham

Market Street, Oakham, Rutland, LE15 6DY

01572 366021 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 station

  • Oakham (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Murray Estate Agents & Chartered Surveyors., Oakham

Market Street, Oakham, Rutland, LE15 6DY

01572 366021 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 28645459. 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 Murray Estate Agents & Chartered Surveyors., Oakham. 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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