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LOCATION
The business is prominently located centrally within Welton Village, adjacent to Welton Paper Shop and the Black Bull Public House and also within close proximity of the Co-op Supermarket. The property further benefits from parking space immediately outside the property within a public parking area and Welton Village is located approximately 7 miles north-east of Lincoln City Centre, easily accessible via the A46.
DESCRIPTION
(Lease, Business and All Fixtures & Fittings) Thriving Coffee Shop/Sandwich Bar with excellent potential for Hot Food Takeaway opportunities - Located within the heart of one of Lincolnshire's most popular villages, we are delighted to offer for sale this superbly equipped coffee shop/hot food takeaway business, which has become popular with local residents, given its prime village location and excellent reputation. Currently serving hot drinks, sandwiches, snacks and speciality pizzas, but having potential for being further developed for the evening trade for Hot Food Takeaway uses. Further business information is available upon request.
ACCOMMODATION
The ground floor accommodation is principally open-plan having a seating area to the front and fully equipped kitchen to the rear. The internal floor area extends to 20 sq.m (215 sq.ft).
A full inventory covering all business fixtures and fittings included in the sale is available upon request.
SERVICES
Mains water, drainage and electricity are connected. The services are sub-metered from the first floor accommodation which comprises a hairdressing salon.
EPC Rating - B
TERMS
LEASE TERMS
The property is available to let under the terms of a new Lease for a minimum term of three years, subject to an annual rental of £9,000 (£750 pcm).
The Tenant will be responsible for the accommodation on an Internal Repairing Basis and the Landlord will charge back a proportion of the costs associated with external buildings maintenance and buildings insurance on a 50/50 basis with the first floor accommodation.
OUTGOINGS
Rateable Value - £4,500 although this includes the first floor accommodation and will therefore be split into two separate Rateable Values, likely to be in the region of £3,000, but subject to formal clarification.
Small Business Multiplier (2024/2025) 49.9p in the £.
The property may qualify for small business rates relief.
It may be possible to obtain Small Business Rates Relief, depending on individual circumstances
VAT
VAT is not understood to be chargeable in addition to the rent or purchase price of the business.
LEGAL COSTS
The ingoing Tenant will be responsible for the Agent's referencing fee of £120 inc VAT in respect of the Lease together with the Landlord's reasonable legal costs for the production of the Lease.
VIEWING
Via prior appointment through Mundys Commercial.
