For Sale £40,000

18 High Street, Skegness


  • THRIVING & WELL ESTABLISHED CAFE BUSINESS
  • FOR SALE BY ASSIGNMENT OF THE LEASE.
  • A Town Centre 50-60 Seater Café Business
  • For sale as a going concern.
  • All year round trading
  • Takeaway facility
  • Well equipped.
  • Excellent Location
  • For Sale due to other committments
  • EPC Rating D

Tenure: Leasehold


Location -

No. 18 lies towards the west end of High Street and close by are Heat ‘n’ Light Centre, Kentucky Fried Chicken and opposite Flippers Fish & Chip Restaurant. It occupies a prime trading position with a high footfall in the summer months, close to the railway and bus stations.

Cafe / Sales Area - 31' 9'' deep x 11' 8'' wide (9.68m x 3.56m)

maximum, incorporating staircase; servery counter to the rear; former take-away window to frontage, seating for approximately 30 persons, fluorescent lighting, Mafirol refridgerated display cabinet, ice cream fridge, Instanta beverage machine, Zapper, drinks cooler.

Kitchen - 8' 5'' x 9' 9'' (2.57m x 2.97m)

maximum. with stainless steel 2 1/4 bowl sink unit with water heater(with water softener) stainless steel work surfaces, electric cooker, stainless steel worksurface, 4 pot bain marie, Electroway griddle, Reeds griddle, 2 deep fat fryers with three stainless steel chimney canopies above, 4 industrial microwaves, Polar fridge with salad prep, fridge, new door.

Lobby -

with washbasin and water heater, to SEPARATE W.C. with toilet.

First Floor -

With CCTV. Staircase from rear of Cafe Area to:-

Cafe - 16' 9'' x 12' 4'' (5.08m x 3.76m)

plus recess of 4’4” (1.33m) x 7’8” (2.34m). with seating for 24, 2 windows to the front elevation, fluorescent lighting.

Rear Freezer Room -

L-shaped; 9’6” (2.9m) x 7’9” (2.37m) plus recess of 5’5” (1.64m) x 4’6” (1.37m) with 3 fridges, 1 fridge freezer and 3 freezers, extractor, window.

Tenure -

The property is understood to be held under lease until 11.03.2021 at a current rent of £15,224 per annum plus outgoings, subject to 3 yearly rent reviews on a Retail Price Index calculation. The agents await a copy of the Lease and extension to confirm.

Services -

Mains electricity, water (with mains softener) and foul sewerage services are connected. No mains gas to the unit.

Viewing -

Strictly by prior arrangement through Turner Evans Stevens Skegness office, with 24 hours notice being appreciated.

Inventory -

With established use as a Cafe, a full inventory of equipment is included within the sale.

Price -

A bond (£2,500), has been lodged by the current lessee with the landlord and we understand this sum will have to be replaced by the ingoing tenant.

References -

The usual two trade references and a bank reference are required.

Costs -

The ingoing tenant will be responsible for the landlords reasonable legal costs in the assignment of the lease

Accounts -

Information may be made available to bona fide prospective purchasers who have veiwed the premises.

Assessments -

Rateable Value:- £7,300

Business Rates Payable 2016/2017:- £3,533.20 (£765.53 with small business rate relief)

As verbally advised by East Lindsey District Council 15.02.2017

We are advised From April 2017 the Rateable Value will be £5,900 with Business Rates Payable 2017/2018 approx. £2,750. Small Business Rate relief will be applicable.

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