Excellent opportunity to acquire a fully operational refurbished business with a full alcohol license and 30 + covers.
Handleys Café has become one of the most popular café premises in Reigate with a loyal customer base. The property recently underwent extensive refurbishment and is fitted out to a high standard including air-conditioning, an awning, newly fitted kitchen and prep area and a customer toilet. The property also benefits from an alcohol licence. Current opening hours are from 8am – 4pm Monday to Saturday with potential for Sunday trading.
Location
The premises occupy a good location in the heart of Reigate, situated close to the junction with High Street and Bell Street. Church Street benefits from on-street parking (1 hour free) and an attractive mix of well-known multiple and independent traders.
Accommodation
The accommodation and floor areas are as follows on the Ground Floor only:
Retail area 547 sq.ft (50.82 sq.m)
Kitchen 115 sq.ft (10.68 sq.m)
Prep/wash-up area - 89 sq.ft (8.27 sq.m)
Total 751 sq.ft (69.77 sq.m)
Terms
TENANCY - The property is held on a full repairing and insuring lease expiring 31st July 2026 at a current rent passing of £27,996 per annum with no further rent reviews. The lease is inside the Landlord & Tenant Act 1954. The Landlord has agreed, subject to contract, an 8 year lease extension at £30,000 per annum until 31st July 2034
PRICE -The lease, goodwill of the existing business, fixtures and fittings are available for £50,000. Trading information and accounts are available upon request.
Excellent potential to extend the opening hours and grow the business.
Subject to contract
VAT - We understand VAT is not applicable to the rent.
RATES - The 2023 Rateable Value for the premises is £22,750. The current UBR is 49.9 pence in the £. For further information in this regard please contact Reigate and Banstead Council
EPC - This property has an EPC Rating of D (96).
LEGAL COSTS - Each party is to bear their own legal costs
Specification
- Well established Class E Café / Tea Room business for sale
- Benefits from full Alcohol License
- Busy town centre location
- Recently refurbished to high standard
- Passing rent £27,996 per annum on a protected lease
- Price for business goodwill & lease £50,000
- Confidentially available