For Sale
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Reference: COM230005

High Street, Bourton-on-the-Water, Cheltenham, Gloucestershire, GL54 2AE

£195,000
VALUABLE CAFÉ BUSINESS FOR SALE AS A GOING CONCERN Lock-up café situated in one of the Cotswolds’ busiest tourist towns. Good High Street location. 82.90 sq m / 892 sq ft.
  • Property Type
  • Bathrooms
    0 bathrooms
  • Bedrooms
    0 bedroooms
  • Reception Rooms
    0 reception rooms
Property Description

The Property
The property comprises a prominent, double-fronted, ground floor retail unit with good display windows, situated at the end of a highly visible parade of shops on approaching the village center.

The Accommodation
Attractive main / front café with table seating area 7.94m x 7.25m (26’1” x 23’9”) and serving counter/kitchen area 6.27m x 3.07m (10’7” x 10’1” and forming part of the overall dimensions)
maller rear seating area 4.28m x 2.54m (14’1” x 8’4”)
Store and WC

Equipment, Fixtures & Fittings
The sale is to include all Café equipment presently on the premises, including the tables, chairs, kitchen equipment (cooking appliances, fridge, coffee machine, food preparation counters, etc.), china, glasses, cutlery, tableware, and decorative items.
A full inventory of items will be prepared and agreed for inclusion in the sale agreement.

Lease
The Café is presently held on a Full Repairing and Insuring Lease for a term of 15 years from 7th June 2021 (expiring 6th June 2036) at a passing rent of £24,000 per annum, subject to review at the end of every 4th year of the term. There are also tenant’s options to break from the lease in 2026 and 2031 on giving 6 months clear notice.

Services
Mains water, electricity and drainage are connected.

Outgoings
The current Rateable Value is £22,000

EPC
EPC of D – 92

Terms
A price of £195,000 subject to contract is sought for the benefit of the existing lease, together with the highly profitable business, trade, goodwill, equipment, fixtures, and fittings with ‘stock at valuation’.

Reservation Deposit
On agreeing Heads of Terms for the sale of the business, the prospective buyer will be asked to pay a reservation deposit of £1,000, which will be held by this firm and returned to the buyer on completion of the sale. However, this deposit will be retained and forfeited if the intending purchaser withdraws from the agreement for any reason.

Accounts
The turnover and profitability of the business are to remain confidential, but a full set of accounts will be provided and discussed with seriously interested parties.

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High Street, Bourton-on-the-Water, Cheltenham, Gloucestershire, GL54 2AE
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Get in touch

Hayman-Joyce
High Street
Moreton-in-Marsh
Gloucestershire
GL56 0AX

Sales: 01608 651188
Lettings: 01608 653606

moreton@haymanjoyce.co.uk
lettings@haymanjoyce.co.uk

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