TRENDY COFFEE HOUSE - Hummerstone & Hawkins



right189230TRENDY COFFEE HOUSE FOR SALE00TRENDY COFFEE HOUSE FOR SALE6593205-20574000-1600200-800100HUMMERSTONE & HAWKINS hummerstone.co.uk Est. 192500HUMMERSTONE & HAWKINS hummerstone.co.uk Est. 1925left19685000cccccxmnsdfkjkjdfjnrvvvvvvvvvvcvvbfbcz-166370266700 00 30689554652009ERSTWHILE PARROT COFFEE HOUSE 488 Green StreetUpton Park, London E13 9DBLEASEHOLD?15,000 HUMMERSTONE & HAWKINS 0208 303 1061 00ERSTWHILE PARROT COFFEE HOUSE 488 Green StreetUpton Park, London E13 9DBLEASEHOLD?15,000 HUMMERSTONE & HAWKINS 0208 303 1061 32385020383540 COVER COFFEE HOUSE FOR SALEBUSY LOCATION, OPPOSITE THE OLD WEST HAM FOOTBALL GROUNDASSIGNMENT OF A 10 YEAR LEASE / RENT ?15,600pa 0040 COVER COFFEE HOUSE FOR SALEBUSY LOCATION, OPPOSITE THE OLD WEST HAM FOOTBALL GROUNDASSIGNMENT OF A 10 YEAR LEASE / RENT ?15,600pa -1473206413500WO STOREY BUILDING / D1 12 THE SLADE PLUMSTEAD SE18 2NB 190 SQ M/2,045 SQ FTPARKING SPACES TO FRONTSMALL REAR GARDEN-103822534988500EPC FREEHOLD PRICE ?795,000LOCATION:center69024500LOCATION:Green Street is a road in the London Borough of Newham, East London, which forms much of the boundary between East & West Ham and ends in the Forest Gate area of Stratford. Green Street is best known for being home of the former West Ham football ground and its wide range of shops and market stalls. The subject property is located on the busy Green Street forming part of a mixed parade of both commercial and residential properties. The premises is opposite the former football ground which is being developed to provide, as we understand around 840 one and two bedroom flats. DESCRIPTION:The subject property comprises a ground floor lock-up ‘A1’ premises with a bay windowed frontage incorporating a single entrance door to one side.There is an open plan public area approaching 500 square feet with tables and chairs for approximately 40 persons with further seating available in the rear garden. The counter position / preparation area is to the left hand side as you enter. Behind the seating area is a small passageway which has a door to left to a toilet, a door to the right to a small kitchen (75 sq. ft), plus a door at the rear leading out to the garden. The public area is finished off with pine effect flooring, painted walls & ceiling, drop lighting plus wall lights giving the overall feel and appearance of a clean modern business.The business is that of a coffee?house serving pastries and?cakes as well as light lunches breakfasts and cold drinks. We are informed that there is an alcohol licence from midday up until midnight.The premises was acquired by our client in January 2018 who immediately refitted and improved and opened to trade in February 2018. Now due to other business commitments it means that our client is reluctantly having to sell the business. These same commitments has seen the opening hours being reduced to opening weekends only, Saturday 9am through to 11pm and 11am to 5pm on Sunday. We understand that the fixture and fittings were acquired when the business opened and are owned outright with nothing held on either lease or loan agreements.TRADING INFORMATION:At the time of our inspection we were able to discuss recent trading levels with our client who advised that recent sales of around ?800. Applicants are advised to confirm these figures for themselves when viewing. We feel that in the hands of new owners who have the time, enthusiasm and vision to devote to this business then sales could be quickly increased. TENURE:We are informed that the premises are held on a 10 year lease from January 2018 and at a passing rental of ?15,600 per annum. We understand that the next rent review is in 2022A rental deposit may be required subject to status.EPC:The premises has an EPC rating of: C – 52. RATES: We understand that the rateable value is ?7,200 per annum. Applicants are advised to contact the relevant council in respect of claiming small business rate relief.LEGAL FEES:Each party are to be responsible for their own legal costsVIEWING ARRANGEMENTS: No direct approach may be made to the property / business. For an appointment to view, please contact the agent.HUMMERSTONE & HAWKINS0208 303 1061 E: agency@hummerstone.co.uk ................
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