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5 Orwell Road, Felixstowe, IP11 7HE

The property comprises a ground floor restaurant/café which has been established for many years, with a trading area of 49.95 sq m (537 sq ft) and a fully equipped kitchen to the downstairs. Included in the sale are the following items: commercial fridge, display fridge, counter display, fridge and freezer, stainless steel work surface and storage area, cooking equipment, dishwasher, microwaves, tables and chairs, crockery and computer till. This longestablished business is offered for sale with the goodwill and equipment in a sought-after location. To the rear of the property there is a kitchen, WC and yard for bins with rear access.

In good decorative order throughout. The café has lock together flooring, kitchen has safety flooring and counters, with an environmental rating of 5. Good turnover and profit.

Location

Felixstowe is an attractive coastal town best known as one of the largest container ports in Europe. However, it also has a thriving shopping area, and a number of cultural and commercial facilities catering for the local community and beyond.  It is approximately 12 miles from Ipswich, the administrative and county town of Suffolk, which is one of the principal commercial and financial centres of East Anglia. It lies approximately 70 miles north east of central London, 55 miles south east of Cambridge, 43 miles south of Norwich, and 18 miles north east of Colchester. Felixstowe is served by the A14 dual carriageway which connects with the A12 (main London road). It also benefits from train services which connect to fast Inter-City trains from Ipswich to London’s Liverpool Street Station.

Situation - The premises are situated in Orwell Road off Felixstowe’s principal shopping street, in a busy popular location in close proximity to Felixstowe Post Office, within a parade of town centre shops. 

Accommodation

The premises provide the following approximate floor areas, subject to survey.

Frontage - 5 m (17 ft)

Restaurant Trading Area - 28.06 sq m (302 sq ft)

Kitchen & Ancillary Area - 21.89 sq m (235 sq ft)

Total NIA Approx - 49.95 sq m (537 sq ft) 

Terms

Planning - We understand from the owners that the property currently has A3/ A5 restaurant/takeaway consent, however we would recommend that all interested parties make their own enquiries with Suffolk Coastal District Council on 01394 383789.

Services - We understand that mains electricity, gas and water are connected to the property. NB: None of the services have been tested and it is the responsibility of the proposed tenants to satisy themselves as to their operation/condition.

Legal Costs - Each party to bear their own legal costs incurred in this transaction.

Business Rates - We understand that due to the low rent and the size of the premises there are no Business Rates currently payable on the property. We would recommend that all interested parties make their own enquiries with Suffolk Coastal District Council on 01394 383789.

Terms - The property is available to let by way of an assignment of the existing lease from May 2015 with 5 years remaining subject to 3-year rent review, at a rental of £4,780.00 per annum exclusive. A premium is requested for the equipment and goodwill of the business in the sum of £28,000 o.n.o. Turnover last year was  92,022 with a profit of £43,534, costs of £48,488 breakdown available. All equipment goes with the sale except the coffee machine. 

Vat - VAT is not applicable under the Finance Act 1989.

Energy Performance Certificate - The EPC rating is F126, a full copy of the EPC is available upon request, reference number 9873-3021-0795-0900-6021.  

Specification

  • Busy and popular town centre location
  • Established Café with T/O £92,022
  • Premium includes all equipment
  • Good order throughout
  • Rent only £4,780 pa exclusive

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
5 Orwell Road For Sale Leasehold £28,000.00 NA
  To Let £4,780.00 per annum

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Property Location

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Contact by phone or email

Agency Team Penn Commercial 01473 396488

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PROPERTY FEATURES

Size: 537 Sq Ft
Property type: Leisure
Property status: Available

Last updated: 12 January 2018

PROPERTY DOCUMENTS

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Contact by phone or email

Agency Team Penn Commercial 01473 396488

Add to property shortlist

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