»Featured Property
FREEHOLD HIGH CLASS
LOCATION: This business occupies a secondary road position with the advantage of solid residential area and is visited by the leisure centre’s staffs and customers as well as Job Centres’s workers and surrounded with some other retail outlets. The business is only 50 meters away from High Road. Pay and display parking facilities are available.
THE BUSINESS: The present owners opened the business in May 2007, gutted the entire premises and installed all the new equipments at the same time he had the shops completely rewired and refurbished to a very high standard at a considerable cost in the region of £40k. All the floors and walls are ceramic tiled and suspending ceiling. Our client previously been involved in the same trade for the past 10 years and that being the case has maintained the business and the premises to the highest standards. A visit is essential to appreciate the business. A wide variety of dishes are offered throughout the day including breakfasts, roast dinner, lunches, takeaways, sandwiches, burgers, jacket potatoes, etc, using fresh ingredients. The business is run by two partners, one full-time and one part-time staff.
The premises occupy the parade position covering approximately701 sq.ft on the ground floor and a small basement. The Café accommodates 40 covers in comfort and fitted to high standards and equipped with all new equipments with the marble top tables, chairs, matching crockery and cutlery, sandwich display fridge, cappuccino coffee machine, coffee grinder, fryer, large flat griddle, cash register, toaster, micro oven, extractor hood, 2 freezer, fridge, etc. There is the Ladies and gentlemen toilet facility. To the rear is a large storage area that can easily be converted to a studio flat with minimum of expenditure. There is a separate access at the rear of the property.
TURNOVER We are informed averages £2,500 per week on a high margin of gross profits.
HOURS: 6.00 a.m. to 5.30 p.m. Monday to Saturday
8.30 a.m. to 3.30 p.m Sunday
TENURE: Freehold. Rates payable £1,400 per annum approx.
ACCOMMODATION: Self-contained accommodation above comprises of lounge, 3 bedrooms (1 single 2 large), kitchen, toilet and bathroom. The entire accommodation is currently let on a short-hold tenancy giving an income of £16,000. p.a (There is potential to add one more room subject to necessary consents.)
VIEWING: By appointment only.
PRICE: £499,950 plus Stock at Valuation. (Stock: Minimum
Category:
Cafe
Tenure: Freehold
Price: £499,950.00
Ref. No: C1332-1
Location: West Ham area, East London.
Lot Size: 0 Acres
Total Sq. Footage: 0 sqft
Parking Spaces 0 Cars
No. of Floors: 0
No. of Rooms: 0
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