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Agent's details

The Coffee House, 119 High Street

For sale: POA|To rent: ROA|1,307 Sq Ft|Restaurants/Cafes, Licensed & Leisure

Property details

FOR SALEPOA
TO RENTROA
SIZE1,307 Sq Ft
ADDRESSThe Coffee House, 119 High Street, Montrose, DD10 8QR
TYPERestaurants/Cafes, Licensed & Leisure
TENURETo Let, Under Offer, For Sale Freehold, For Sale Leasehold
POSTED ON4th April 2022

Description

Key Points

  • PROMINENT TOWN CENTRE POSITION
  • POPULAR CAFE
  • LEASEHOLD BUSINESS FOR SALE
  • VERY PROFITABLE BUSINESS
  • ANNUAL RENTAL OF £18,000 PER ANNUM
  • 100% RATES RELIEF FOR QUALIFYING OCCUPIERS
  • OFFERS FOR THE HERITABLE PROPRIETORS INTEREST MAY BE CONSIDERED
  • Summary

    LEASEHOLD BUSINESS FOR SALE

    Description

    The subjects comprise a ground floor retail unit within a Category B listed four storey building of traditional stone wall construction under a pitched and tiled roof. The unit provides a well presented café premises benefitting from a Class 3 planning consent and fitted to a very high standard to compliment the current business. Internally, they are arranged to provide a large serving area and seating area to the front (approx. 60 covers) and kitchen/food preparation area to the rear, with additional storage and WC facilities.

    Location

    The property is located on the south west side of High Street, adjacent the Town Hall and St Andrew's Church in a busy retail location in Montrose town centre. Retail occupiers nearby include Greggs, Superdrug, Ladbrokes, Farmfoods, WH Smith, Specsavers, Scotmid and Boots, with other occupiers including Thorntons Solicitors, Nationwide Building Society and the Clydesdale Bank also having branches close by. There are also a number of charity shops, public houses and coffee shops/restaurants located nearby. Montrose is a busy coastal town, with a thriving port, and is an important service and employment centre. The town is located on the east coast of Scotland, approximately 30 miles north-east of Dundee and 38 miles south west of Aberdeen. Montrose has a main East Coast line railway station and is well served by the main road network.

    Terms

    The premises are being offered on a new full repairing and insuring lease at a rental of £18,000 per annum. The business provides a well established café premises which trades as "The Coffee House". The business has a strong trading record and excellent reputation in Montrose and wider Tayside area, and has been successfully run by the present owner for over 10 years. The leasehold business is being offered for sale to include goodwill and fixtures and fittings. A full inventory can be made available to interested parties. Offers for the heritable proprietors interest may also be considered.

    Accommodation

    We have measured the accommodation in accordance with the RICS Code of Measuring Practice to be as follows: 121 sq m (1,307 sq ft)

    Business Rates

    Rateable Value: £14,400 Qualifying occupiers may benefit from 100% rates relief under the Small Business Bonus Scheme.

    VAT

    All prices, premiums and rents are quoted exclusive of VAT, which may be payable.

    Location

    marker
    Location: The Coffee House, 119 High Street, Montrose, DD10 8QR

    Montrose (0.1 miles)

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