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Shop unit for sale or to let in St Margarets

Sunshine and Ravioli, 109 St Margarets Road, St Margarets TW1 2LH | Ref: 2994
For sale
£95,000
To rent
£17,000 p.a.

COMMON USE CLASS: A1 Shops

franklin-commercial
This property is marketed by:
Franklin Commercial


Location


Sought after location amongst a good range of long established independent shops, salons, cafes and restaurants, along with Tesco express. St Margarets station is also very close by. On street pay and display parking available.

Description


Leasehold Guide Price £95,000, to include goodwill, fixtures, fittings and equipment.

Fantastic opportunity to purchase this charming Italian Café/deli which has been trading for some 14 years.

Our clients offer a variety of different hot and cold foods along with a small deli section and the business is well reviewed, rating 4.8 stars on Google.

The attractive cafe area is arranged over two levels with space for 24 covers. There is a till/service area which has a serve over counter, cappuccino machine and fresh orange juice machine.

The premises measure approximately 440 sq ft to ground floor, with basement kitchens/stores providing a further 460 sq ft approximately.

There is an external door from the basement which leads to a small refuse area and a lean-to store.

To the front of the property our clients set out two tables, both with 4 seats each, on the pavement underneath an awning. 

Our client advises that the premises used to have an alcohol license and we feel there should be scope to expand the turnover through longer opening hours, subject to any necessary consent, if required.

We understand the Landlord is willing to negotiate terms for the grant of a new lease. 

Viewings by appointment only though us. Please do not make a direct approach - staff unaware. 


General information

Tenure:

Leasehold

Price/premium:

£95,000

Rent:

£17,000 Per annum

Legal fees:

Both parties to be borne by the ingoing tenant/purchaser

Rateable value:

The VOA website states a rateable value of £16,500 payable at the prevailing rate.

Lease details:

Our Client advises there are currently 3 years remaining, but the Landlord will grant a new lease subject to terms being agreed. Franklin Commercial have not reviewed the current lease - please verify.

Trading hours:

Open 7 days a week. 07:00 - 16:00 with the kitchen closing at 15:00.

Years established:

14.

Employees:

1 Full time chef. 2 x part time waiting staff. 2 x weekend staff.

Client involvement:

1 Owner full time.


Features

  • 'E' Use class
  • Basement
  • Business for sale
  • Early viewing recommended
  • Excellent trading location
  • Close to station
  • Long established



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