The property occupies a charming Grade II* listed 3-storey corner building with a traditional bow window providing a striking historic-style frontage including flat mathematical tiles. Internally a number of period features have been retained dating from its time as an apothecary.
Location
The premises occupy a very prominent position towards the eastern end of Rye High Street on the corner with East Street. Rye mainline station is a mere 5 mins walk as is Rye Heritage Centre. The main retail area and the Rye Castle museum are close by.
Accommodation
The premises are arranged in 3 areas:
From High Street, entrance with step to:
Front section - 19’ x 15’9” (5.8m x 4.8m); 299 sq ft (27.8 sq m) - Serving counter, coffee machines + wooden floor.
Step up to:
Middle section - 13’3’ x 19’3” (4.0m x 5.9m); 255 sq ft (23.7 sq m) - Ceiling fan, feature wood panelling, large timber sash window.
Door to:
Lobby - 8’ x 7’3” (2.4m x 2.2m); 58 sq ft (5.4 sq m)
Glazed doors to :
Rear section - 20’ x 12’ (6.1m x 3.7m); 240 sq ft (22.3 sq m) - Hardwood flooring + attractive bay window.
Door to outside passageway leading to East Street + bin store.
Access to:
Kitchen area - 16’3” x 14’ (5.0m x 4.3m); 228 sq ft (21.2 sq m) - Within this area is a food preparation area 11’6” x 8’ (3.5m x 2.4m). Stainless steel sink unit, single oven, crepe cooker, panini machine + microwave.
Return door to lobby. Door to:
Cloakrooms - Lobby leading to 2 separate low level w.c.s each with pedestal handbasin + 2 storage cupboards each with fridge.
Overall Floor Area - 1,080 sq ft (100.3 sq m)
N.b. There are an assortment of character tables & chairs in the Front, Middle & Rear sections with, in total, seating for approx. 60.
Terms
LEASES - The premises are currently held on 2 separate leases with a total rent of £XXX per annum. The Landlords have indicated that they would be willing to grant a new 10 year lease at the same rent of £XXX per annum with a review after 5 years. The permitted use is limited to coffee house only with no hot food unless reheated in a microwave, electric soup server, bread toaster or sandwich maker.
RATES - Local Authority: Rother. SBR (22/23): XXX
There are currently 2 rating assessments:
1. Rateable value : £XXX
2. Rateable value : £XXX
N.b. Eligible businesses occupying a single property with a rateable value of less than £XXX may be entitled to small business rate relief with properties having a rateable value of £XXX or less paying no rates. Further details may be found at www.gov.uk/apply-for-business-rate-relief
BUSINESS - The business has been established since 2004. We are informed it currently employs 14 staff, 4 of which are full time, working between 3 - 5 days per week, with the remainder working on a casual shift basis. Opening hours are 9am - XXXm, 7 days a week. The business had an annual turnover £XXX in 2020 and £XXX in 2021 despite the Pandemic. Full accounts will be made available to seriously interested parties.
VAT - Under the Finance Act 1989 VAT may be chargeable on the rental/price. It is recommended that a prospective tenant/purchaser should make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.
PRICE - £XXX to include the business, goodwill, fixtures & fittings + the benefit of the existing leases/replacement lease.
SERVICES - The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.
EPC - The landlord has been advised that an energy performance certificate may be required.