Under Offer

Cafe for rent

St Ives, Saint Ives PE27, UK


OIRO
£25,000 per year
£2,083 per month
S.O.A.

Description

Property
8 Merrylands is a Victorian brick-built building with painted frontage which is arranged over 3 storeys and under a tiled roof.

On the ground floor, an entrance porch has stairs to the first floor and access to the trade space, which is very well-presented and fitted to a high standard. It features a bow window to the front aspect, wooden counter with pendant lights over and matching fitted storage/display units. There is a secondary staircase also leading to the first floor at the rear.

The upper floors comprise a kitchen/prep room on the first floor and an office/storage space plus WC on the second floor. Both these floors would be suitable for alternate use, subject to the relevant consents.

Measurements
Ground floor: 18.5m²
First floor: 15.9m²
Second floor: 21.6m²
Total: 56m²

Measurements have been taken from the valuation office agency and are approximate.

Planning
The property benefits from permitted use Class 'E'. We are advised that the property is Grade II listed and is situated within a Conservation Area. The relevant Local Authority is Huntingdonshire District Council https://www.huntingdonshire.gov.uk/

Tenure
The premises is held on a 10-year lease from a private Landlord, of which 8-years remain unexpired. The lease is full repairing and insuring with a passing rent of £12,000 per annum (excluding VAT), with the next rent review due on 13th February 2022. The lease is protected by the Landlord & Tenant Act (1954) affording the Lessee the automatic right to renew their agreement at its culmination.

Premium
Premium offers are sought in the region of £30,000 for the benefit of the leasehold interest, inclusive of all goodwill and trade fixtures & fittings, save for 3rd party owned items and a small number of items which will be pointed out during a viewing. Stock at valuation will be payable in addition on completion.

Rates & Charges
We understand the business is eligible for 100% small business rates relief (based on a rateable value of £5,746.00).

Categories

CafesDelicatessensTakeawaysRestaurants
Call
Property reference
Fully Fitted Town Centre Shop or Takeaway
staff

Jordan Hackney