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£2,833 pcm | £34,000 pa

Retail property (high street) to rent

Cafe Aroma Premises, 2 Birds Lane, Cowbridge, Vale Of Glamorgan, CF71 7YP

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Retail property (high street)
0 bedroom
0 bathroom

Letting details

    Property description

    LOCATION
    The property is situated in a prime business location within Cowbridge town centre on the privately owned Birds Lane Retail Development which is anchored by a Waitrose Food Store.

    The subject property is set within a parade of four retail/leisure units and provides a ground floor footprint of 129 sq m (1380 sq ft) GIA.

    The property has the benefit of a purpose built fit out for use as a Café and premises with approximately 85.8 sq m (923 sq.ft) of dining area, a professional kitchen extending to 23.8 sq m (257 sq ft) ancillary customer and staff WC’s together with first floor storage.

    The property is being marketed as a Going Concern with the benefit of a high quality fit out and trade fixtures and fittings.

    The open plan Café area is fitted out to a contemporary eclectic finish with mis matched furniture including a combination of hardwood tables and chairs together with some granite and cast-iron furniture. The feature of the dining room is a marble topped display counter and servery.

    The immaculate professional kitchen is finished to the latest Health & Safety requirements and is to be left fully fitted with extraction and air handling equipment and is considered suitable for Café use and a variety of other cuisines.

    The property has the benefit of all mains services connected together with CCTV, fire alarm system and a monitored intruder alarm.

    The dining room provides for approximately 48 covers with the lease allowing for 12 to 14 outside covers.

    DESCRIPTION
    This established and family owned Café business is being offered up “For Sale” as a Going Concern. Profit and Loss Accounts and Management Accounts are to be made available to seriously interested parties.

    Premium offers in excess of £75,000 are invited for the business goodwill, quality fit out and all trade fixtures and fittings.

    TERMS
    The business is being sold leasehold by way of an assignment of the existing lease. The property is currently held under terms of a 10 year secure FRI lease from 14th July 2014. The passing rental is £34,000 per annum exclusive.

    The lease allows for use as a Licenced Retail Café and Premises within Use Classes A1 and A3.

    OUTGOINGS
    The Valuation Office Agency website advises a rateable value of £28,000. Rates payable then for 2020/21 would be in sum of £14,980 per annum albeit ingoing tenant should qualify from 100% small business rates relief for the current financial year.

    VAT
    All figures quoted are exclusive of VAT if applicable.

    LEGAL COSTS
    All figures quoted are exclusive of VAT if applicable.

    VIEWING
    Strictly by appointment only through
    sole marketing agents:

    Messrs Watts & Morgan LLP
    [use Contact Agent Button]
    [use Contact Agent Button]

    Please ask for Dyfed Miles or Sara Magness

    Property information from this agent

  • Brochure PDF
    1. Watts

      Watts & Morgan - Commercial

      1 Nolton Street Bridgend CF31 1BX

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      Watts and Morgan’s Commercial and Professional department is based in Bridgend and offers a wide range of property services covering the South Wales area. Our areas of expertise include:- Commercial agency advice including disposals, acquisition and development appraisal across all property sectors Professional advice including valuation, rent review, lease renewal and rating advice Property Management Development advice for residential, commercial, industrial and leisure schemes RICS Registered Valuers reports and valuations Compulsory Purchase Compensation Strategic Asset Advice For more information or advice please call Watts and Morgan now.

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