Stickybeaks cafe, Cambridge

Leasehold for Sale

Rent: Passing Rent - £23,000 Ex VAT per annum

Leasehold: Upon enquiry

Price: Offers Invited (exc VAT if applicable)

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Profitable A3 business holding superb CB1 position

Key Points

  • n/a - (n/a)
  • Superb CB1 position in Cambridge's city centre
  • Net turnover for y/e June 2016 in excess of £325,000
  • 10-year lease dated 2010- within the Landlord & Tenant Act (1954)
  • Licensing hours permit the sale of alcohol from 1000-1900 Mon-Sun

Location

Stickybeaks is located in the centre of Cambridge along the busy thoroughfare of Hobson Street close to both Market Square, the Grafton Centre, Christ Pieces and Midsummer Common. Hobson Street is amidst the established central Cambridge retail and leisure pitch with nearby occupiers including The Cambridge Brewhouse, Millers music shop, Tatties and D'Arrys.

Property

Stickybeaks cafe is a lockup unit with accommodation across ground floor and basement. The property benefits from fully glass frontage.

The trading area is all situated at ground floor level and consists of c. 40 internal covers. This is supported by an immaculate servery with kitchen equipment behind this. There is a wash up area behind a stud wall. There is a rear service yard which stores bins and gas bottles.

Behind the servery is stairs to basement storage and an office.

Tenure

The property is held on a full repairing and insuring (FRI) lease held from Christ's College from 2010 for a term of 10 years, subject to 5 yearly rent reviews.

The passing rent is £23,000 per annum, exclusive of VAT. The agreement is inside the Landlord & Tenant Act 1954.

Planning

The property benefits from A3 Use Class (Restaurants & Cafe).

We are advised that the property is not listed but is situated within a Conservation Area. Applicants are advised to make their own enquiries to Cambridge City Council at www.cambridge.gov.uk.

Licensing

The property is licensed for the supply of alcohol from 1000-1900 Mon-Sun with occasional extensions available. This is not utlilised fully by the exisiting operation. A copy of the Premises Licence can be provided on request or obtained through Cambridge City Council.

Trading Information

The business has achieved ever-improving levels of trade since ownership. Net turnover for y/e June 2016 was in the region of £325,000. A full Profit & Loss account will shortly be available for 2017 which can be supplied to genuinely interested parties.

Premium

The vendor is inviting offers for their leasehold interest inclusive of all goodwill and trade fixtures & fittings. Stock at valuation will be payable in addition on completion.

Rates & Charges

Business Rates
£12,454.00 per annum (based on a Rateable Value of £26,000)
Council Tax
Available on enquiry

42 Hobson Street
Cambridge
Cambridgeshire
CB1 1NL