FOR SALE
12/12/17
619
P7545RB / Rightbiz
LOCATION: Situated in a large parade of local shops on busy main road with excellent passing trade. Close to A41 and surrounded by densely populated area. Bus routes passes the cafe.
DESCRIPTION: Mid parade premises has wooden frame frontage with seating outside and sun canopy above. Internally the premises measures approximately 580 sq ft There is also a separate garage used as storage, owner is currently renting the garage @ £80 pw if required.
TENURE: FREEHOLD INVESTMENT with rental income of £18,000 pa. 20 years from 29 sept 2017. 4 yrs. 275 Year lease with 250 years remaining on peppercorn rent.
RATES: Business rates payable £6,292 per annum
PRICE: £275,000
COMMENTS: Garage is not included but may be available by separate agreement. PLEASE DO NOT APPROACH THE PRESENT TENANTS AT ANY TIME WITHOUT CONSENT.
VIEWINGS/NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 0207 935 3939
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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