01723 352235
19 St.Thomas Street, Scarborough, YO11 1DY
01723 352235
19 St.Thomas Street, Scarborough, YO11 1DY

St Nicholas Street, Scarborough Guide Price £20,000

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+++ FULLY EQUIPPED TOWN CENTRE CAFE / RESTAURANT OPPORTUNITY!!! +++

Offered to the market is this stunning restaurant which only becomes available due to the owner's other business commitments out of town. Available by way of lease assignment, this cafe / restaurant sits right in the heart of Scarborough's hotel district and presents a rare opportunity for a competent operator to run their own business. These fully licensed premises benefit from approximately 60 covers and has a well equipped commercial kitchen together with a stunning external seating area.

The premises has been tastefully fitted out, currently offering Italian fare however, we feel it could suit a host of other food and beverage operators. Available with an ingoing of £29,950 (including all fixtures and fittings), we understand the rent is £5,335 per quarter (£21,340pa) and there is approximately 3 years left of the current 8 year lease. Priced to sell, this is a fantastic opportunity to be your own boss and run your own cafe / restaurant! All enquiries to CPH Commercial.


LOCATION:

Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year. More precisely, the property occupies a highly prominent position on St Nicholas Street, in the heart of the hotel district and directly opposite the Town Hall. Major hotels within a 120 metre radius include: Premier Inn: (74 Rooms), Travelodge: (140 Rooms), The Grand Hotel: (411 Rooms), The Royal Hotel: (118 Rooms), Palm Court Hotel (40 Rooms) St Nicholas Street provides a nice blend of both national and local operators with Marks & Spencers being noted close by.

DESCRIPTION:

The premises comprise a spacious ground floor restaurant contained within a stunning Grade II Listed mid terrace building. The property is laid out as follows:

Front Dining Room / Bar

20' 8'' x 27' 11'' (6.30m x 8.5m)

Ladies Toilets

Gents Toilets

Rear Dining Room:

40' 0'' x 15' 9'' (12.2m x 4.8m)

Commercial Kitchen:

24' 3'' x 13' 9'' (7.4m x 4.2m)

THE LEASE:

A full copy of the lease will be made available to view to seriously interested parties who have viewed the premises.

INVENTORY:

A detailed inventory is currently being put together by the current leaseholder which is available to view on request.

SERVICE CHARGE:

The operator will be responsible for the payment of a fair proportion of the landlords expenses incurred in respect of the repair & maintenance of the exterior of the property, cleaning of common areas and management of the same. Further details are available on request from the agents.

BUSINESS RATES:

2017 Rateable Value - 18,000 The property qualifies for a 1/3 off the business rates for a period of 2 years from April 2019. We estimate the rates payable equate to approximately £500 per month.

VAT:

VAT, if applicable, will be charged at the prevailing rate.

VIEWING:

Via the sole selling agents: CPH Property Services 19 St Thomas Street Scarborough YO11 1DY Joe Walker MRICS 01723 352235 joe@cphproperty.co.uk

DETAILS PREPARED:

JW 01062017


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  • TOWN CENTRE CAFE / RESTAURANT OPPORTUNITY
  • AVAILABLE BY WAY OF LEASE ASSIGNMENT
  • PREMISES COME FULLY EQUIPPED & ARE READY TO TRADE
  • TASTEFULLY DECORATED WITH STUNNING EXTERNAL PATIO
  • ALL ENQUIRIES TO CPH COMMERCIAL

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St Nicholas Street
Scarborough YO11 2HF
County: North Yorkshire
Sale Type: For Sale
Ref #: C1002
01723 352235
19 St.Thomas Street, Scarborough, YO11 1DY
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