Restaurant/cafe for sale in Old Market, Halifax HX1

Description

The Cafe is situated in a prime high street corner trading position; the premises is only a stone's throw away from the newly developed Trinity College, Halifax bus station, and the central precinct.

This concern provides a lockup retail premises with significant shop frontage and benefits from a high footfall of passing trade with thousands of daily passers-by.

Internally, the Café has been fitted to a high standard with modern décor and a mixture of window seating, table, and chair seating.

The Café area is set across the ground floor and can accommodate up to 30 seating covers comfortably. There is a service counter facing the frontage, with hot and cold display units and preparation areas. A fully equipped commercial kitchen can be found on the same floor, housing an excellent range of new catering equipment and extraction system.

The basement area has ample storage space, additional preparation areas, a staff WC, and a separate shower room.

The café currently serves lights snacks and breakfasts throughout the day with some fast food to accommodate the student demand from the College opposite.

This business operates from Monday to Friday, for short hours during the day. The Cafe is mainly run by staff, with the current owner single-handedly having to overlook the daily operation of this business and many of their other concerns.

Undoubtedly this business is missing out on the much lucrative evening trade being located in such a prominent high street position. The current owner has built a sustainable business that is still growing daily, without any advertisement or addition to the menu.

This business would suit an ambitious and energetic person with new and innovative ideas to accommodate the ever-changing palate. In the right hands, this premises would suit a range of cuisines.

With so much growth potential, this business is not to be missed, and therefore early viewing is highly recommended.

The premises are held on a secure lease with sensible rent.

The unit has planning consent for the sale of hot food on or off the premises.

The premises offers 432 square feet of retail area, 130 square feet of kitchen area, 528 square feet of storage space, plus shower and WC facilities.

NIA commercial area: 1138.92 sq. Ft. (105.81 sq. M)
EPC rating D

(All measurements have been taken compliant to the RICS code of measuring practice. These measurements have been taken in metric and converted to the nearest imperial equivalent)

Ground Floor:-
Cafe area 1 (Retail Area): 432.06 sq. Ft. (40.14 sq. M)

Ground Floor Kitchen:
Kitchen 1: 129.27 sq. Ft. (12.01 sq. M)

Basement:-
Storage area 1: 357.46 sq. Ft. (33.21 sq. M)
WC: 32.39 sq. Ft. (4.52 sq. M)
Storage area 2: 171.46 sq. Ft. (15.93 sq. M)

Rental/Price:-

Business premium: £45,000 (includes all equipment, fixtures and fittings)

Rental - £18,000 per annum

outgoings:-

With reference to the Valuation Office Agency website, the property has been assessed for uniform business rates with a rateable value in the 2017 Rating List of £23,500.00. Further enquiries should be made with the business rates team to confirm the rateable value and actual rates payable. The current rateable value can be confirmed with the local authority (small business rates relief apply for properties with a rateable value less than £15,000).

You won't pay business rates on a property with a rateable value of £12,000 or less.
For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.

Terms:-

The premises has approximately 2 years remaining on its current lease term but can be renewed for a longer term.

VAT:-

The prices and rentals quoted are exclusive of VAT (if applicable)

Legal Fees:-
Prospective Tenant is to be responsible for their legal costs as well as the Landlords.

Viewing by arrangement with the sole agents:- MAYA Property Services

parking notes:-

There are many car parks within proximity of the premises, and on-street parking (pay and display) is available to the front.

Services:-

We are advised that all mains services are connected.

Additional information

We endeavour to make our sales and lettings particulars accurate and reliable; however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. We have not tested any services, systems, and appliances listed in this specification, and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed upon with the seller.

Tenure: Leasehold
Service Charge: £0 per year