St Nicholas Street Scarborough YO11 2HF

Full address
St Nicholas Street Scarborough YO11 2HF - Scarborough
Contact details
Asking price
£29,950
Property type
Leisure property for sale
Features
Cafe, Cleaning, Furnished, Grade II, Kitchen, Restaurant, Spacious

• TOWN CENTRE CAFE / RESTAURANT OPPORTUNITY
• AVAILABLE BY WAY OF LEASE ASSIGNMENT
• PREMISES COME FULLY EQUIPPED & ARE READY TO TRADE
• TASTEFULLY DECORATED WITH STUNNING EXTERNAL PATIO
• ALL ENQUIRIES TO CPH COMMERCIAL
+++ FULLY EQUIPPED TOWN CENTRE CAFE / RESTAURANT OPPORTUNITY!!! +++
Offered to the market is this stunning restaurant which only becomes available due to the owner's other business commitments out of town. Available by way of lease assignment, this cafe / restaurant sits right in the heart of Scarborough's hotel district and presents a rare opportunity for a competent operator to run their own business. These fully licensed premises benefit from approximately 60 covers and has a well equipped commercial kitchen together with a stunning external seating area.
The premises has been tastefully fitted out, currently offering Italian fare however, we feel it could suit a host of other food and beverage operators. Available with an ingoing of £29,950 (including all fixtures and fittings), we understand the rent is £5,335 per quarter (£21,340pa) and there is approximately 3 years left of the current 8 year lease. Priced to sell, this is a fantastic opportunity to be your own boss and run your own cafe / restaurant! All enquiries to CPH Commercial.
Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year. More precisely, the property occupies a highly prominent position on St Nicholas Street, in the heart of the hotel district and directly opposite the Town Hall. Major hotels within a 120 metre radius include: Premier Inn: (74 Rooms), Travelodge: (140 Rooms), The Grand Hotel: (411 Rooms), The Royal Hotel: (118 Rooms), Palm Court Hotel (40 Rooms) St Nicholas Street provides a nice blend of both national and local operators with Marks & Spencers being noted close by.
The premises comprise a spacious ground floor restaurant contained within a stunning Grade II Listed mid terrace building. The property is laid out as follows:
2017 Rateable Value - 18,000 The property qualifies for a 1/3 off the business rates for a period of 2 years from April 2019. We estimate the rates payable equate to approximately £500 per month.

This leisure property for sale is located in Scarborough

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National rail 0.5m Scarborough
Nearest airport 71.3m Durham Tees Valley

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