* Freehold
* Rare freehold opportunity
* Good rental return potential
* Long established cafe business
* Going concern or vacant possession
Freehold tea rooms in Northallerton for Sale.
The opportunity to acquire a freehold commercial property in Northallerton,
North Yorkshire is rare enough, let alone one that includes one of the towns
longest running cafe and tea room businesses. Annual turnover £165, 730. Our
clients have operated the business since 1991 and are now looking forward to a
well - earned retirement. This property will undoubtedly be of interest to
catering professionals looking for the security of owning their own premises,
as well as to commercial property investors looking to lease the premises for
a good annual rental income. The property was generating a rental income of
£13, 000 per annum back in 1995, before our client bought the property. In
todays market, we would expect a rental return of at least £15, 000 per annum,
representing a 10% per annum return on investment. Located within one of
Northallerton’s well known shopping arcades and benefitting from lots of
customer footfall from the large public car park behind the Garthway and
Barkers Arcades, the tea room enjoys a consistent and predictable flow of
customers every day.
Brick built property in the middle of a pedestrian shopping precinct. Ground
and first floor with triple wide frontage and with some outside seating
permitted. Spaciously arranged seating for 30 diners. Pay counter with dessert
display. Food prep area and catering kitchen. Pot wash area. First floor
dining room for 26 to 28 customers. Second food prep kitchen and pot - wash. Dry
and chilled goods storage. Customer WC. Utility area and dry stores corridor.
We are advised that the first floor was a residential flat in the past and
probably still holds this consent, although interested parties should make
their own enquiries regarding this. The property is available as a going
concern or with vacant possession. EPC Band C.

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