Summary
A prominently located two storey retail premises offered to the market as an income producing investment with the longstanding tenant, with the benefit of 10 years left of a 20 year lease. Café Fortune Ltd, trading as Starbucks have been established in this location for almost 10 years
and are the only national coffee shop located in the town centre. The ground floor offers a sales area of 1,054 sq ft with kitchen and toilets to the rear. On the first floor there is a large stockroom, office/store cupboard, staff changing area and small store and bathroom. Internally the retail unit benefits from a plastered ceiling with recessed air conditioning, drop pendant lights, LEDs, single glazed aluminium powder coated frontage and fire alarm system. The property is being sold with the tenant in situ and is not available with vacant possession.
Key Points
Entire freehold property let at £19,000 pa until September 2035Tenant established in this location for 10 yearsTotal NIA: 1,971 sq ftEPC: Band C (56)
Services
Mains water, drainage and electricity are connected. Heating and comfort cooling is provided by ceiling mounted cassettes. No services have been tested by the agents.
VAT
The property is elected for VAT but can be dealt with as a TOGC
Tenure
Available freehold, subject to contract and with the benefit of the existing FRI lease.
Business Rates
Rateable Value: £25,000
The tenant is responsible for payment of any business rates liability where applicable.
Tenancy Details
The property is let to Café Fortune Limited (Company No. 08787652), T/A Starbucks at £19,000pa on an FRI lease from 21st September 2015 for 20 years. Break effective from September 2026 upon giving 6 months prior notice, if exercised Copy of the lease available upon request.
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Location
The property is located in the centre of Crewe on Market Street opposite Crewe Town Square and close to national retailers such as Vision Express and O2. The new multi-storey carpark is a two minute walk away along with the new town centre bus station. The town centre is around 6 miles from junction 16 of the M6.