Restaurant/cafe for sale

Location

The market town of Crewe needs no introduction. Market Street is a pedestrianized street located in the heart of Crewe (please see attached goad plan). This location is considered 100% prime with great visibility to the open square directly ahead.

Cheshire East Council has announced the new bus station and multi-storey car park at Crewe Royal Arcade are expected to open by the end of May.

Property

The extensive full height shopfront with central doors leads to a substantial property, offering a clear ground floor sales area with decent ceiling height, having previously been fitted by Costa Coffee.

At the rear are two WC's, with storerooms behind, leading to rear loading onto the back street.

There is a small rear basement and additional storage and staff facilities at first and second floors.

Indicative layout plans area attached to these particulars.

Accommodation

Frontage: 28’0”
Internal Width: 26’10”
Sales Depth: 56’4”

Net Sales Area: 1,466 sq ft
Plus Customer WC’s
Rear Stores Total: 360 sq ft

Basement Room: 350 sq ft
First Floor Rooms Total: 550 sq ft
Second Floor Rooms Total: 440 sq ft plus WC’s

Lease terms

The property is to let on a new fr&I lease for a term to be agreed with rent reviews at 5 yearly intervals.

Alternatively the owners may consider freehold offers.

Rent/price

Rent: £27,500 pa + VAT.
Freehold: Offers Over £275,000 + VAT.

VAT

The property has been elected for VAT.

Rating assessment

The property is assessed with a rv of £41,000, grants and rates assistance should be available to qualifying tenants. Further information can be obtained from Cheshire East Commercial Rating team.

EPC

The property has been assessed with an EPC rating of B40.

Costs

Each party to be responsible for their own legal costs.

Agent's note
It is a legal requirement under Anti-Money Legislation that we must verify the identity of a proposed purchaser/tenant once a sale or letting has been agreed.

The proposed purchaser/tenant will be required to provide appropriate information before instructing solicitors and consent to this being checked with an external agency.

Viewings

Strictly by arrangement through the sole agents.

Subject to contract.