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Full Details

POTTER STREET, BISHOPS STORTFORD

Guide Price 95,000 Leasehold

General Description

Large attractive detached building with wrap round terrace,in secondary position just behind the main high street,and adjacent to a town centre car park. very busy commuter town,with great rail and road links to central London.

THE TERRACE CAFÉ.319.POTTER ST.BISHOPS STORTFORD.CM233UH

LOCATION

Large attractive building situated in a secondary position,just behind the high street,but adjacent to one of the towns many carparks.Bishops Stortford is a commuter town,with very good road[m11],and rail links to London.The town has many high street multiple store and food/drink operators,and very sought after .

 

 

TENURE:
6 years remaining on a 15 year lease[ protected by L & T act] granted by private landlords in 2006. 

 

 

REPAIRS:

Full Repairing and Insuring Lease.

 

 

RENT:
£25000.00
  per annum, payable monthly in advance.Reviews every ? years,the next being March 2017.

 

 

TIE:

FREE OF TIE for all products,Draught and Bottled Beers and Cider,Wines ,Spirits and Minerals.

 

 

PREMISES LICENCE:
The sale of alcohol is allowed as follows:
Monday to Sunday     –09.00  -  24.30

The premises are currently operating Monday to Saturday 09.00— 17.00 .

There is a restriction on amplified music after 22.30.             

 


TRADE LEVEL:

The premises have been operated by the present Leaseholder  since 2006.

Trade is currently averaging £4000 pw.3 years accounts are available to year ending 31.12.13,with 2014 due shortly.

It is clear to see that a great space has been created,the kitchen ,servery and exterior areas are  fitted to a high standard,and provide the prospective purchasers with an opportunity to develop wet and food sales,with new ideas and enthusiasm,and little further outlay.

See www.theterracecafe.co.uk for further information.   

 

ACCOMMODATION:

Trade - Ground Floor. From the rear entrance,

Disabled toilet,Gents [tiled floor,urinal,wc,basin], Ladies [tiled floor,2x wc &basins,baby change facilities]

Kitchen..large and well equipped with tiled floor and stainless steel clad walls,with

6 ring oven,griddles,double deep fat fryer,under counter fridge & freezer,upright fridge,dishwasher.

Bar servery ..again spacious and well equipped wth

Glass fronted display unit,2 upright double fronted bottle display units,coffee machine,ice machine,

2 double fronted under counter bottle display units.

Restaruant /Bar L shaped area provides 80 covers with

Combination of wicker/chrome chairs,metal pedestal tables,and 2 seater sofas.

Exterior seating ,wraps round the L shaped interior,and provides a further 80 covers.

 

Heating is under floor oil central heating.

PRICE:

 

We are seeking offers in the region of £95,000.00 for the remaining leasehold interest to include the  goodwill ,fixtures and

fittings,the ongoing potential,with stock [if applicable]and glassware in addition at valuation.

 

The freeholders will require additional funds to cover payment of a deposit and one months advance rent.

 

Each party will be responsible for their own legal fees.

 

 


VIEWING

Interested parties should contact the agent with details of their interest,trade background and proof of funding.

Formal viewing will then be arranged.

 

 

STRICTLY BY APPOINTMENT THROUGH THE VENDORS AGENTS.
(Martin Smith has personally inspected this property)
YOUNG AND SMITH LTD


 

Email: martin@mvsmith.co.uk

07860409034

 

 

 

 

 


 
Viewing
Please contact our Young and Smith Office on 07860 409 034 if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
Young and Smith endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.