Property description
Established successful Business for sale coming with all fixtures fittings and goodwill, this business is a fantastic opportunity for someone to take over immediately and with scope for increasing turnover. The current tenants have run this prominently located very tidy town center sandwich shop for the past 12 years and are now wishing to retire. The premises comprise a corner retail unit with ground floor sales and basement storage with W.C. The property is on Victoria Road being opposite the Police station and on the corner of the popular Hanover Road, full of local independent retailers. The current tenants have built up the business with a highly regarded reputation and have many corporate and individual clients from Scarborough and the surrounding areas.
LOCATION: The property is prominently situated in a corner position within Scarborough town center opposite the police station and being adjacent to Northway and Hanover Road. On foot walking out from Scarborough train station Hanover Road is directly opposite running up the back side of the Stephen Josef Theatre. Walk up Hanover Road and the shop is on the corner on the right hand side.
THE SHOP: 16ft 16ft [4.88 x 4.88 m] The lock up shop comprises a corner unit with fully glazed timber windows on either side and wrought iron decorative facia trim. Internally the unit comes with commercial glass refrigerated display units, in built commercial fridges, stainless steel worktops, vinyl flooring, a till, and grill. A full fixtures and fittings list will be provided detailing all equipment included in the sale. The ground floor extends to approximately 260 sqft.
BASEMENT: 14ft 1 inches x 8ft 8 inches [4.29 x 2.64 m] The basement is accessed via a staircase from the ground floor retail area. The basement is used for storage extending to 140 sqft with height for a tall refrigerator. The basement is fully clad with hygienic wall surfacing making it easy to keep clean.
W.C.: There is a toilet cubicle with hand wash basin in the basement.
LEASE: The premises are held on a 10 year lease from 22nd June 2011 at a current rent of £5,350 per annum, with 5 years and three months remaining. The lease is an Internal and Repairing lease with Scarborough Borough Council as the Landlord. All external structural repairs and building insurance is taken care of by Scarborough Council. The lease is a secured tenancy with renewal rights.
THE BUSINESS: The business has performed consistently over the past 12 years producing good profits. There is room for improving turnover by increasing opening hours to include Saturdays and also increasing catering for corporate clients. Audited accounts are available for bone fide applicants only.
BUSINESS RATES: The property currently benefits from 100% rate relief. Interested parties are advised to contact the Local Taxation Department to confirm the rates payable 01723 232323.
VIEWING: Viewings are to be arranged strictly via the agents Colin Ellis Commercial;
Nathan Smith
Kong Yau
01723 363565
COMMERCIAL DISCLAIMER: Unless otherwise stated, all prices and rentals quoted are exclusive of any VAT to which they may be subject. Specific enquires should be made of the vendor/landlord for clarification prior to entering into any arrangement or agreement. These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer of contract. Colin Ellis Property Services cannot guarantee the accuracy of any description, dimensions references to condition, necessary permission for use and occupation and other details contained herein and prospective purchasers or tenants must not accept as statement of fact or representation and must satisfy themselves as to their accuracy. The reference to any plan, machinery, equipment, devices, fixtures, or fittings at the property shall not constitute a representation unless otherwise stated as to the state or condition or that it is capable of unfulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as the fitness of such items for their requirements. Colin Ellis Property Services will not be liable in negligence or otherwise nor anyone arising from the use of these particulars. No employee of Colin Ellis Property Services has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property.