Cross Street | Preston | PR1 3LT

£48,000

Location:
 
The Swarbricks is located on Cross Street, Preston which is in the office district. This area is home to many companies  who have their office here. There are a few thousand workers that work only a few minutes or less walk away.
 
Description:
 
The business is sold as an on- going concern that sells hot and cold food. All equipment is included in the purchase price of the business. Fridges, freezers, counters, work surfaces, Ovens, hobs, seating, cash register. The kitchen is fully fitted with all the equipment required to run this successful business. Swarbricks also do outside catering for corporate companies and private parties.
 
Working Hours:
 
Monday – Friday: 7am to 3pm
 
Accommodation:
 
The property is situated over 2 floors and a basement. On the ground floor is the shop front, kitchen and preparation area. On the first floor is a large storage room for dry foods, office and bathroom.
 
The total area is 110m2
 
Sizes is as per VOA website
 
Service:
 
Mains electricity, Gas and water supplies are laid on, drainage to main sewer and assumed to be in working order.
 
Planning:
 
Currently used as a Deli / Sandwich shop. The premises are considered suitable for a wide variety of uses.
 
Prospective Tenant are advised to make their own enquiries of Preston City Council's Planning Department on 01772 906581.
 
 
EPC:
 
EPC not required as Kingwood Properties is selling the business only. Kingswood is not selling the building or renting out the property in which the business trades.
 
Lease:
 
The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent.
 
Goodwill:
 
The goodwill is £48,000
 
Rent:
 
The currently Rent is £8 600 per annum, exclusive of VAT and rates, payable quarterly in advance by standing order.
 
Turnover:
 
The turnover for the last financial year was £163 110. There is scope to increase takings by increasing opening hours and opening Saturdays mornings.
 
Rating assessment:
 
Rates payable for 2015/2016 are 48.2p in the £.6000
 
This property may be entitled to 100% rates relief dependant on circumstance
 
The Valuation Office Agency website describe the premises as being assessed as a “SHOP  AND PREMISES” with a Rateable Value of £6,000.00
 
Currently the business benefits from 100% small business relief.
 
All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 01772 906972.
 
VAT
 
All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.
 
 
Legal Cost:
 
Each party are to be responsible for their own legal costs incurred in the transaction.
 
 
Viewings:
 
Strictly through Kingswood on an appointment basis only.
 
Please contact Kingswood on:
 
Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston,   PR2 8EA
Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ
 
mail@kingswoodproperties.co.uk
 
www.kingswoodproperties.co.uk
 
Disclaimer:
 
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
 


Features

Viewing is a Must, Fully Fitted Equipment, Established Business And Clients, Goodwill & Rent To Pay

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Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

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Studio bedroom(s)
0 bathroom(s)
0 receptions

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