Al's Diner, 249 Holdenhurst Road, Bournemouth, BH8 8DA

Description



BUSINESS FOR SALE: Long Established Traditional Caf�XXX for Sale

Reduced Premium: £10,000 - rent: £9,600 P.A - Cafe (32 covers)

The premises occupy an established secondary trading position fronting the busy Holdenhurst Road approximately 1.5 miles north east of Bournemouth town centre.
An Aldi supermarket is located a few yards along the same side of Holdenhurst Road and a Tesco Express store is situated on the opposite side of the road where there is also a Halfords Auto Centre.
Al's Diner is a long-established business which has been in current hands for more than 21 years, although it operated as a caf�XXX for some years prior to our client's ownership.
The business enjoys a thriving breakfast trade in addition to which a range of lunches and a variety of specials are offered.
The premises comprise a spacious caf�XXX currently laid out for 32 covers at 8 tables together with an additional table for cutlery etc.
At the rear is a good-sized kitchen which is fully equipped for the trade




Accommodation



Caf�XXX: 360 sq ft (33.46 sq m)
Kitchen: 179 sq ft (16.63 sq m)




Planning



Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.




EPC Text



Asset Rating - C66




Rating



Rateable Value £9,000
Source www.voa.org.uk The 2023/2024 small business multiplier is 0.499 (XXX payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.




Terms



Our client's lease has expired and the tenant is currently holding over.
A premium of £20,000 is sought for the leasehold interest, goodwill, trade fixtures fittings and equipment with stock (if required) to be purchased in addition at valuation.

We are advised that the landlords would be willing to grant a new lease for a term of 12 years (break clause to be negotiated subject to terms) at a commencing rent of £9,600 per annum, exclusive with the lease to incorporate upward only rent reviews every 3 years.









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