Cafe Business for Sale - Stamford Centre - PE9 1PA

Cafe Business for Sale – Stamford Centre – PE9 1PA

To Let £18,001


  • Cafe/restaurant Business FOR SALE
  • Fully fitted and Ready to Trade
  • Premium £25,000 Rent £18,000
  • 10 year lease Approx. 683 Sq Ft.
  • Prime Location in Stamford

    Property Details

    • Reference: 10322
    • Type: Retail
    • Status: To Let

    LOCATION
    Red Lion Street feeds off Red Lion Square in the centre of the popular market town of Stamford. The town boasts 11 churches, 30 pub and over 10 quality hotels and guest houses. The property benefits from high foot fall due to being close to car parks and the weekly markets. Situated at the point where Red Lion Street meets Broad Street on the corner of Wellington Lane which is a pedestrianised walk way leading directly onto the high street.

    Stamford is approx. 90 miles North of London and has excellent road and rail connections via the A1 and the main East Coast line.

    DESCRIPTION
    This grade II listed property benefits from a central entrance door and personnel side door with windows on both sides of the property allowing good natural lighting and high visibility to pedestrian traffic.
    Currently a Coffee shop and Cafe the ground floor of the property is available immediately.

    ACCOMMODATION
    Total net internal area 63.46 sq m (682 sq ft) - All measurements are approximate
    Comprising of -
    - Cafe/Retail area 7m x 5.45m (22'9" x 17'8")
    - Inner hallway leading to staff kitchen and WC

    AMENITIES
    Located in the centre of Stamford close to all local shops and offices.
    The bus station is approximately a 5 minute walk away.
    Stamford train station which located on the Midland Main Line is approximately a 10 minute walk away.

    SERVICES
    We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.

    TERMS
    On offer is the assignment of a 10 year lease from August 2021 and the purchase of the fixtures and fittings to include all furniture and commercial Kitchen. The Lease rent is £18,000 reviewed in 2024 and the Premium for the F&F which is virtually brand new is £25,000. A 6 month rent deposit or personal guarantor will be required. No VAT Is applicable to the rent or F&F. Tenants will contribute to the Landlords Buildings Insurance.

    PLEASE NOTE: THE TENANT IS ONLY SELLING DUE TO UNEXPECTED ILL HEALTH

    OUTGOINGS
    We are advised by the valuation rates agency (VOA) that the current rateable value of the property is £19,500, interested parties to speak to the relevant local authority.

    VAT
    We are advised that VAT will not be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.

    LEGAL COSTS
    Tenant will make a contribution of £1,000 + VAT towards the Outgoing tenants fees.

    SERVICE CHARGE
    Not applicable - further details relating to the landlords insurance will be made available on request

    PARKING NOTES
    There is no parking available with this property however short and long stay car parks are within walking distance.

    PLANNING
    The current use is class E

    VIEWING
    Strictly by prior appointment via the sole agents P & F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com

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