Property description

Sale Due To Onwers Moving Abroad
Location:
Friargate one of Preston Well Known main roads across from UCLAN university. This coffee shop is well in the heart of Preston City Centre.
Close to other retailers consisting of takeaways, restaurants, convenient stores, publics houses.

Description:

This property has bundles of life. From the size to the decor. Over two floors this property has ample amount of light flooding into the shop. On the ground floor the main area consists of tiled floor, seating , large counter and all the equipment. Good use of lighting and includes CCTV security system. Double glazing and shutters.

The kitchen area is further up towards the first floor which consists of all necessary equipment to run a well established coffee and sandwich shop.

On the first floor there is a large seating area fully consisting of table and chairs, decor and mood lighting. Also the toilet facilities are located within.

This business is a coffee shop also providing hot and cold food. Customers including students, lecturers and business professional.

All Fixtures and Fitting included and parking space for one car to the rear of the property.

Accommodation:
The property is situated over 2 floors and provides the following approximate net internal floor areas:

Ground Floor
Retail Zone A - 32m²= 344ft²
Kitchen - 13m²= 139ft²
First Floor Seating - 30m²= 322ft²
Storage - 12m²= 129ft²

All measurements have been made in accordance with the RICS Code of Measuring Practice

Service:
Mains electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.

Planning:
Previously used as a coffee shop and sandwich shop. The premises are considered suitable for a wide variety of uses.
Prospective Tenant are advised to make their own enquiries of Preston City Council's Planning Department on 01772 906581.

EPC:
A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

Lease:
The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent review for a term of years to be agreed (5.5 years lease in place)

Goodwill:
The goodwill is £16,000

Rent:
Rent is £10,000 per annum, exclusive of VAT and rates, payable in advance by standing order and subject to contract
(5.5 years lease in place)

Turnover:
The existing turn over is £1,500 per week

Rating assessment:
Rates payable for 2014/2015 are 48.2p in the £.
This property may be entitled to 100% rates relief dependant on circumstance
The Valuation Office Agency website describe the premises as being assessed as a “CAFE AND PREMISES” with a Rateable Value of £9,100.00
All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 0172 906972.

VAT
All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.

Legal Cost:
Each party are to be responsible for their own legal costs incurred in the transaction.

Viewings:
Strictly through Kingswood on an appointment basis only.

Please contact Kingswood on:
Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ
Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston, PR2 8EA
mail@kingswoodproperties.co.uk
www.kingswoodproperties.co.uk

Disclaimer:

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.