Restaurant/cafe to let in The Avenue, Minehead TA24
From £7,800 pa (£7800.00/sq. ft. pa)
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**** With a reduced Ingoing Premium of £50,000 ****
In the heart of Minehead, which is often referred to as the 'Gateway to Exmoor National Park' and the premier resort on the coast of West Somerset this property is ideally placed in the heart of the town centre for passing trade.
The premises adjoin Iceland retail store on one side and are set back from the Avenue, the main road which connects the town centre to the seafront. There are car parks nearby and the premises have the benefit of forecourt seating outside.
Minehead has a population of approximately 8,000 inhabitants which is boosted during the summer months with an influx of tourists. It is the centre for Butlin's Holiday Park which doubles the population and has regular events throughout the year and weekends in the winter. The resort offers the usual facilities including sandy beaches, parklands and has an excellent choice of local and national retailers including Lidl's and Tesco's Supermarket.
The premises comprise of a large double fronted retail unit of approximately 715 sq ft in two sections, the left hand side has A3 use for the main cafeteria and tea room and the other side has A1 retail use for the main vintage chic gift shop and homeware section.
The shop and the cafeteria are well presented throughout and will be offered fully furnished and equipped including all tables and chairs, counter servery, display cabinets, lighting and shelving throughout the retail premises and all kitchen equipment, subject to trade inventory excluding any items of a personal nature.
Within the main cafeteria there is a customer cloakroom and to the rear of the main counter there is a through kitchen/preparation area, storage room and staff cloakroom.
Described as an 'Emporium of vintage gorgeousness' in the heart of Minehead, the business is that of vintage chic furniture shop selling crafts and china, pressed glass and lovely linen. Ideal for presents, treats and gifts. The business is extremely popular as a vintage tea room, where you can partake in the scrumptious cakes and homemade food. The business also operates as an off licence and can sell wine and bottled beer as well as costume jewellery, locally sourced tea and coffee and sells nostalgic vintage gifts etc.
It is operated by a husband and wife team and opening hours are from 9am- 4.30pm out of season and during the summer from 9am- 5.30pm. During the busy months the business employs six part-time staff (mainly students) and in the winter up to 4 part-time staff. The business has been established for three and a half years and is now offered as a going concern, producing a turnover of £102,600 per annum as of the end of March 2017. Stock will need to be purchased at an additional sum at valuation.
The premises are held on the balance of a five year lease at a current rent of £650 per calendar month. With an ingoing premium of £50,000. The Landlord has indicated a new lease will be provided, subject to acceptable references. It should be noted that the rent is very favourable for such a prominent pitch in the main retail section of the town.
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* Sizes listed are approximate. Please contact the agent to confirm actual size.
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