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Leasehold tea room in York

2 - 3 Borogate, Helmsley, York, North Yorkshire, YO62 5BN | Ref: 94633
For sale
£100,000
To rent
£21,000 p.a.
sidney-phillips
This property is marketed by:
Sidney Phillips

Key Features

  • Well established café/tea room
  • Busy town centre location
  • Two floors
  • Rear Garden
  • Net turnover of £212,000
  • Huge potential

Location

Crema Coffee House is located in the historic market town of Helmsley, accessed via the A170, 15 miles east of Thirsk, North Yorkshire. The town lies on the outskirts of the North York Moors National Park and enjoys a thriving tourist trade. Surrounded by famous attractions and nearby towns and cities such as Malton and York, Helmsley is an excellent place to stay to explore this wonderful part of England. 

The property is a terraced property situated in a busy market town. It is a two-storey property understood to date from the early 19th century and is of stone construction under a pitched tile roof.

The property briefly comprises:- 

Property

TRADE AREAS 

A beautifully presented double fronted room, with entrance directly from the street. You are welcomed into the ground floor where there is table seating for 24. The room retains plenty of charm and character with a feature fireplace and wooden beams. 

To the rear is a well-equipped KITCHEN with lots of space. In addition, there is a washing up room. 

On the first floor is further seating for 26, comfy sofas and character features. TOILET FACILITIES are also located on this floor.

All trade areas are finished to a high standard. Our client has invested in a new staircase and undertaken extensive refurbishments throughout. 

EXTERNAL 

To the rear of the property is a private rear garden with astro turf with seating for 22; an excellent space to utilise during the warmer months.

The Business

The business generates a regular net turnover in the region of £200,000 per annum with a good net profit. The cafe is extremely popular with tourists and the local community.

There is potential to increase turnover significantly by extending the business’s opening hours, operating year-round and increasing dining capacity (currently 50). 

Tenure

LEASEHOLD £100,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

The property will be held on a new full repairing and insuring lease agreement from a private individual, for a term of five years granted to the new business owner. The lease will fall within the security provisions of the Landlord & Tenant Act 1954 and will be fully assignable, subject to the Landlord’s consent. Rent currently stands at £21,000 per annum paid monthly in advance. An incoming party will be required to provide a rental deposit to the Landlord in advance plus personal guarantees. 

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.