Becky's Cafe, 9 Hide Hill, Berwick upon Tweed, TD15 1EQ - BH5168

Becky's Cafe, 9 Hide Hill, Berwick upon Tweed, TD15 1EQ

Guide Price  £18,000


Quick Summary

Price £18,000
City Berwick upon Tweed
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

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Contact

Berwick Office
01289 304432

A prominent corner double fronted unit with recessed central double doors. The unit is within a Grade II Listed 19th century three storey terraced building within Berwick upon Tweed’s Conservation Area.

The unit is regularly shaped on a split level with seating for approximately 25 covers.

 

Accommodation
Front shop/café with service counter to the right; rear kitchen/preparation area and store; WC.

Areas
The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following floor areas:

Net Internal Area: 36.70 sq m (395 sq ft)
In Terms of Zone : 29.74 sq m (320 sq ft)

Rateable Value
The current Rateable Value is £6,400 effective from 1 April 2017.

Under the small business rate relief scheme (SBRR) the subjects should be eligible for up to 100% rates relief.

The Business
A profitable café and sandwich shop. Successfully trading for three years. Strong trading position. Low rent and rateable value is below the Small Business Rates threshold, for a single trader rates will be zero.

Turnover: £46,500 per annum
Net Profit: £18,899 per annum

Trading hours: Monday – Saturday 10.00am – 4.00pm.

Price
A guide price of £18,000 is invited for the business goodwill, fixtures and fittings.

Rental
Current passing rent is £625 pcm on FRI terms. A new lease will be available on terms to be agreed.

In the normal manner, the ingoing tenant will be liable for any Stamp Duty, registration dues and VAT thereon.

Attractive business opportunity.

Net Profit:  £18,899.

Turnover:  £46,500.

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