Restaurant/cafe for sale in The Wharf, Newark NG24

£299,950 (£802.6/sq. ft)
Restaurant/cafe for sale 35 sq. m*
Interested in this property? Call +44 1636 358841 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Thriving Riverside Cafe
  • Prime Location & Views
  • Studio & Room To Expand
  • Contemporary Open Plan Living Accommodation
  • Substantial Turnover
  • Retirement Sale

Property description

A thriving riverside cafe and licensed premises situated on the town wharf and the very popular riverside area. The business established now for just over two years has experienced rapid growth based on quality food and wines appealing to an established local market and tourist trade. The cafe area provides folding doors and river views. There is studio accommodation which has been expanded. The first floor provides a luxurious open plan owners apartment comprising a sitting room 'loft', bedroom, kitchen and garden terrace.
Turnover is on target for £90,000 for the second year end. The property is offered to include the freehold, goodwill fixtures and fittings.

The property provides the following accommodation:


Ground floor


Cafe area 35'6" x 12'0"
With folding doors and windows providing a pleasant aspect of the wharf, Trent bridge and riverside. Central heating radiators.

Total new area: 34.719 sq.m.

Office 11'6" x 11'
Average measurements.

Store room 7'7" x 6'10"
With partition wall to the cafe area.

Studio 25'5" x 16'11" maximum narrowing to 10'9"
With central heating radiators.


Lobby/WC


With basin and radiator.


Wet room


With fully tiled walls and rain shower.

Boiler room 13'5" x 6'5"
With recently installed gas fired central heating boiler.


First floor


A wide and easy staircase leads to a first floor landing.

Sitting room 'loft' 33' x 28'6"
Overall measurements reducing to approximately 19ft in width. Suspended ceiling, five radiators, views of the river to the front and bi-folding doors to the garden terrace.

Kitchen 10'7" x 9'9"
Average measurements. With base units, wall cupboards, working surfaces incorporating a stainless steel sink unit. Radiator.

Bedroom 13'6" x 9'5"
With views of the Trent side. Radiator.


Cloakroom


With low suite wc and basin.


Garden terrace


With decking area and surrounds.


Services


Mains water, electricity, gas and drainage are all connected to the property.


Tenure


The property is freehold.


Rateable value


The current rateable value is £4,550 subject to review.


Small business rate relief


Currently applies.


VAT


The property is currently registered for VAT purposes. VAT will be added to the purchase price of the property.


Possession


Vacant possession will be given on completion.


Business goodwill


Business goodwill fixtures and fittings may be included subject to negotiation. Stock in trade will be at valuation.


Viewing


Strictly by appointment with the selling agents.

Viewing
Please contact our Newark Office on if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
Richard Watkinson 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.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Richard Watkinson Limited, NG24 on +44 1636 358841 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Richard Watkinson Limited, and do not constitute property particulars. Please contact Richard Watkinson Limited for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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