Description

Fully-fitted Cafe for Sale in Farnham. Lease & Assets only

Property ID: RPS-23397

PROPERTY & BUSINESS SNAPSHOT

Type	Fully fitted & modern cafe
Location	Historic & Car-free Lion & Lamb Yard, Farnham
Lease expiry	Ending in June 2038 (Outside the 1954 Act)
Rent	£30,000 + VAT p.a. exclusive
Rent review	Every 5 years with next review due in 2028
Floor area	TBC
Covers	Circa 40 covers (ground floor & 1st floor)
Rateable value	31,000
Business rates payable	Circa £5,590 per annum (relief applied)
Permitted use	Cafe (Class E)
Annual Turnover	Circa £234,000 (circa £4,500/week)
Ancillary	3 phase electricity electricity in place
Premium	£99,000 (Lease & FF&E only)

LEASE & LANDLORD’S REQUIREMENTS

The opportunity is offered by way of assignment of the existing lease, which expires in June 2038. The lease is granted outside the security of the Landlord and Tenant Act 1954.

The landlord requires:

Rent deposit, subject to references
Satisfactory completion of the landlord’s usual referencing and due-diligence procedures.

MAIN DETAILS

Situated in a historic Lion & Lamb Yard in Farnham, this fully fitted café provides approximately 40 covers across the ground and first floor. Ground floor accommodates circa 12 covers with counter and kitchen.
We have been informed that the business currently generates an annual turnover of circa £234,000, equivalent to approximately £4,000 to £5000 per week.
Our client manages the business with 3 full time staff and a part time staff.

THE LOCATION

Lion and Lamb Yard is a historic, car-free shopping courtyard located in the heart of Farnham, Surrey GU9
Affluent demographic area with strong purchasing power and professional workforce

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements. All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.