LOCATIONSituated in Cowes, this fantastic opportunity is located on Shooters Hill and benefits from a high level of footfall and passing trade. Neighbouring businesses include Sainsburys, Staples & Green and Corries Cabin with Coast being very close by.
DESCRIPTIONThe unit offers approximately 32 sq m (344 sq ft) of trading café space including the kitchen area and caters for approximately 22 covers but offers the flexibility of further seating to the walls with its fixed benches, plus a breakfast bar to the window. There is also an annual license granted from the IWC for outside seating for 3 tables of 2 to the front of the property.
There is a store room to the rear and staff WC. The unit also benefits from a side entrance to the rear of the property allowing for deliveries and bin access without disturbing the day to day workings of the café.
Entrance to the café from Shooters Hill with serving bar, seating and two large display windows to the front. The kitchen offers a range of commercial catering equipment including extraction.
The vendors have advised they have invested in the business by way of purchasing new equipment including a coffee machine, urn, grill, bain marie, a full inventory can be provided.
The property is offered on the remainder of a 10 year lease from August 2018 at an annual rent of £11,000 pa.
SERVICESThe property is supplied with electric, water and drainage.
TERMSOur client is asking for offers in the region of £50,000 for the business, fixtures, fittings, goodwill plus stock at valuation.
OUTGOINGSThe current rateable value is shown as £8,300, using the current UBR the rates payable will be approximately £4,200 per annum, not including any applicable rates relief. Please contact the local rating department at the IOW Council for eligibility.
VIEWINGAll viewings to be arranged via HRD Commercial - 01983 527727.