Hadleigh, Ipswich, IP7
- SIZE AVAILABLE
395 sq ft
37 sq m
- SECTOR
Restaurant for sale
Description
Location
The business trades from an extremely good high street position within this popular ancient market town in south Suffolk, located on the outskirts of Ipswich. The shop has high levels of passing trade, is very well known throughout the surrounding area and complemented by a vibrant mix of independent retailers along with other major high street brands.
Tenure
New lease available for a term to be agreed. Our client's current rent is payable at £8,000 per annum exclusive, however, this would be reviewed for a new lease.
Exterior Front
Trading from an attractive Grade II listed terraced retail premises with fascia board, quaint glazed single frontage, half glazed entrance door leading into the premises which measures approximately 395 sq. ft. and is arranged as follows:
Deli/Sandwich Bar
Internally providing a sales area measuring approximately 285 sq.ft. Benefitting from exposed wood flooring, quality traditional wood shelving to walls and window display, refrigerated serve-over counter with cold storage below, till, chalk board style menu, exposed beams, selective displays further equipped with meat slicer, scales, coffee machine (leased) under-counter freezer and drinks display fridge.
Preparation Area
Behind the serving area is an open doorway to a PREPARATION AREA measuring approximately 100 sq.ft. fully equipped with a 3-door refrigeration unit with marble top and 10-pot refrigerated salad deck above, microwave, Baby Bellini mini oven with 2-hob induction, upright fridge/freezer, hand wash basin, under-counter freezer, double Panini press, 2-slice toaster, and an under-counter fridge.
Rear/Basement Areas
Towards the rear of the premises behind the preparation area is a small lobby with an internal door leading you to a staff WC with hand wash basin and a separate internal door leading you to the shared rear COURTYARD with alleyway access and bin storage. The premises also benefits from a BASEMENT STORAGE AREA.
Staff & Trading Hours
The vendor works full time, assisted by 1 full-time and various part-time members of staff. 8 am to 4 pm Monday to Saturday. The business is currently closed on Sundays.
Turnover
Gross turnover averages £4,863 per week with the most recent year end accounts of 31st March 2023 confirming a net turnover of £210,741. Full financial information will be disclosed at our client's discretion, on or after a meeting.
Business Rates
The premises is subject to a rateable value of £4,450 resulting in zero business rates payable, should small business rate relief apply to a purchaser.
Legal Costs
Each party are to be responsible for their own, with the landlord's legal costs involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlord's legal costs involved in the granting of the new lease to be the responsibility of the purchaser.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
Gilbert & Rose Business Transfer and Commercial Property Sales and Lettings
Gilbert & Rose is a respected and well-established name in the real estate industry, renowned for our expertise in Residential Sales and Lettings. Building on our success in this area, we have expanded our services to encompass business transfer and commercial property sales and lettings. As part of this strategic expansion, we have recently partnered with Bradleys Countrywide Limited, a highly regarded company
Notes
Disclaimer - Property reference RX281833. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert and Rose Commercial, Essex Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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