Well Street, London – Hackney, London
Shop for sale
£65,000 807 sq ft
Description Warren Anthony Commercial are delighted to bring to the market this well established located at the junction of Well Street and Morning Lane (B113) and benefits from being on active commercial parade that is well served by the local community as well as being a stones throw away from the renowned Hackney Walk Designer Village and Hackney Central Overground Station. The business was established in 2005 and has been in the current vendor's careful ownership since 2010 but only now is the business offered to the market due to the vendor's wish to concentrate on other business interests. These substantial ground floor premises are ideally located in a prime trading location, briefly comprising a main cafe area with 10 tables and 40 chairs, main serve over counter, delicatessen refrigerator, drinks refrigerator, Coca Cola branded refrigerator (free loan from Coca Cola), under counter freezers, under counter refrigerator, panini presses, under counter glass washer, microwave ovens, coffee machines and grinders, CCTV system and WC. Kitchen with commercial refrigerator, freezer, griddle, fan oven, dairy refrigerator, large freezers, chest freezers, store rooms and WC. The cafe offers a wide variety of food including full English breakfast, salads, pasta, various other dishes and hot and cold sandwiches to name but a few as well as a variety of hot and cold beverages. The business has we understand built up an enviable reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a very high volume of repeat trade and word of mouth recommendations. There is we believe much scope to increase the turnover by extending the opening hours, perhaps by opening in the evenings as a bistro or offering Sunday trading. A new owner can also embark on a modest marketing campaign to promote the food and services offered. This is an excellent opportunity for a new owner to take this already thriving business to the next level therefore, early viewing must come highly recommended to avoid disappointment. Premium £65,000 subject to contract for the benefit of the lease, fixtures and fittings. Rental £16,000 per annum exclusive. Use A3. Lease available by way of the original length lease of 25 years with 13 years approx remaining subject to 5 yearly rent reviews with next rent review in 3 years approx. Business rates with it recommended that all interested parties make their own enquiries to the local rating authority at Hackney. Size 807 sq ft approx. Opening hours Monday - Saturday 7 am - 4pm and Sunday closed. Staff owner managed with 4 staff. Turnover with we understand a current turnover in excess of £160,000 per annum approx. Legal costs with each party to bear their own legal costs. Local authority Hackney. Covers 10 covers. Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord. A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account. Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition. Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that, 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony. 4. All rent, prices, fees and charges are quoted exclusive of VAT. Viewing through Warren Anthony Commercial by prior appointment only. Important Notice
This shop for sale is located in Hackney, London.