Terraced house for saleMarket Street Cafe, Yealmpton
Withdrawn from Market
- • OCCUPYING AN EXCELLENT TRADING POSITION
- • COMPREHENSIVELY EQUIPPED AND WELL PRESENTED
- • 24 INTERNAL COVERS AS PRESENTLY ARRANGED
- • 27 OUTSIDE COVERS INCLUDING 24 ON REAR TERRACE
- • VILLAGE HAS EXPANDED IN RECENT YEARS
- • GENUINE REASON FOR SALE
- EPC RATING D110
BUSINESS If you are looking for an attractively presented café at the heart of a thriving village community then this one is for you! Originally developed in 2000/2001 by an entrepreneur with considerable experience in the food and hospitality sector, the business was comprehensively refurbished in 2011 with additional equipment installed by the current owner since acquisition in 2014.
Occupying an excellent trading position facing onto the main thoroughfare, but more importantly enjoying direct access to and from a communal paved terrace at the rear with 27 external covers, the business, which offers 24 internal covers as presently arranged, is well placed to benefit from the recent nearby and substantial high quality new housing development which has expanded the village population and thereby the available trade. Rent and running costs are low by comparison with many other cafes thereby offering promising prospects to a new owner.
Now offered for sale only as a result of a health issue, the café is unlicensed and currently offers an appetising range of items, all baked on the premises, together with a comprehensive selection of refreshing hot and cold beverages.
A full external and internal inspection is strongly recommended to be able to appreciate properly what is on offer.
ESTABLISHED We understand that a café has traded from this site since 2000/2001.
OPENING HOURS Monday to Friday: 9.00am to 3.00pm with occasional later opening to 4.00pm in the peak summer months.
Saturday: 9.00am to 1.00pm
As can be seen, these modest opening hours leave considerable room for expansion of the business.
BUSINESS PREMISES The café occupies premises which are understood once to have been part of an old village bakery. The building, which forms part of a terrace, is arranged over two floors under a pitched and tiled roof, the first floor accommodation with entirely separate access representing a flat owned by a different landlord and therefore not forming part of the café lease.
From the main thoroughfare the premises are double fronted with 2 large display windows of 6 panes, each set in a wooden frame with fitted ventilator, standing either side of a fully glazed entrance door, centrally set, which opens onto a galleried landing overlooking the open plan dining area and kitchen.
A staircase descends with a quarter turn to the Open Plan Café of irregular shape (37.8 sq m approx overall floor area) enjoying a dual aspect with two deep wooden windows to the rear and a two thirds glazed wooden door with matching glazed panel alongside and fixed external sun canopy giving access via either a gentling sloping ramp or via a few stone steps to an open and most attractive communal paved courtyard/square accommodating external dining covers in a clearly defined area to the near side.
The café, which is most spacious and light, benefits from a ceramic tiled floor and a suspended ceiling with 8 x suspended light fittings. The dining area is arranged to accommodate 4 circular and 3 rectangular tables and a soft seating area to one side with coffee table, altogether offering 24 covers in comfort with 2 x child's high chairs also available. There are 4 x wall mounted menu blackboards, an under stairs storage cupboard and wall mounted fuse box with consumer unit. The vendor advises that there are 3 more circular tables and 9 chairs currently in store but which will be included in the sale.
The Open Plan Kitchen/Servery to one side accommodates a serve over chilled display unit for cakes alongside a wooden unit with roll edged work surface with space for the electric till, hot cupboard, refrigerator below and floor cupboard. The preparation area benefits from marble effect wall tiling, a stainless steel sink unit with single drainer to the side and fitted cupboard under, a further inset stainless steel hand wash basin and a matching range of fitted wall and floor cupboards with inset lighting over. There is also a wall mounted, stainless steel open shelf.
The inventory of equipment has been increased significantly by the current owner and now includes a Belling electric double oven with 4 ring halogen hob and stainless steel extractor hood over, an Expobar coffee machine (on residue of 3 year lease at c£96pm to include a maintenance agreement and an accompanying coffee grinder), an upright fridge/freezer, an under counter refrigerator, a bottle chiller, Polar ice cream freezer, 2 x commercial microwave ovens, Caterlite commercial toaster, deep fat fryer and Panini press as well as the serve over chiller unit and a hot cupboard.
To one side of the dining area an extra width door gives access to a Customer/Staff WC with obscure glazed wooden window to the rear elevation, being suitable for the disabled with ceramic tiled floor, wall mounted ceramic wash basin with mixer tap and low flush WC with fitted hand rails to the side. There is also a loft hatch in this space.
The rear door gives access to a narrow terrace immediately outside under the sun canopy with space for a small circular table offering 3 covers and the main outside dining area, which is set to the near side of the paved courtyard/square partly enclosed by a stone wall with mature shrubs, accommodates 4 x picnic tables each with parasols offering a further 24 covers, making 27 external covers altogether in a most attractive setting.
There is also space externally for the temporary siting of 'A' boards both at the front and the rear of the premises during opening hours.
PARKING Free parking is available on a first come first served basis in the main thoroughfare and also on the hill to the rear of the premises.
LEASE TERMS We are advised that the lease runs until c 2025. Rent of £625 per month is currently payable (£7,500 pa).
LEGAL FEES Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.
RATES The premises have a rateable value of £5,100 currently which is scheduled to rise to £6,400 with effect from 1/4/17. However, under the new Business Rates regime, the business will continue to qualify for 100% Small Business Rate relief and no business rates will be payable in 2016/17 or 2017/18.
SERVICES We understand that mains electricity, water and sewerage services are connected. Mains gas is not connected.
STOCK The vendor advises that stock usually has a value in the range £1,000 to £1,500.
Energy Performance Certificates (EPCs)
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