The Cary Cafe, Reddenhill Road, Babbacombe £950pcm

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Full Details

Description

The Cary Café was established many years ago but suffered closure over 12 months ago, following which the direct ownership reverted to the freeholders, The Cary Estate.

The Estate have now received planning consent for the property to be divided, self-containing the residential accommodation on the upper floors leaving a compact café premises with new WC facilities on the ground floor with storage at lower ground level as per attached plans.

The whole building will benefit from a complete refurbishment to the exterior which will include a new shop front with separate self contained access to both the café and the residential accommodation above. 

The Estate have no financial records associated with the previous business and we invite all interested parties to put forward a brief business plan of what type of operation they wish to operate.

Applicants will be required to provide references and details of appropriate previous experience. The Estate will allow a limited company to take the lease, but all directors will have to stand as personal guarantors to all lease obligations.

The works will also include the repositioning of the extraction hood and installation of new ducting compliant with EHO requirements and allowing appropriate cleaning and maintenance access.

The extraction system will be for electric equipment only so no gas appliances will be allowed.

 

The premises will have a disabled WC fitted as well as the extraction system with stainless steel hood on the rear wall and stainless-steel sink unit as fitted. The unit will be otherwise ready for decoration and installation of worktops, servery counters and trade inventory etc.

The Estate will require to see fit out plans prior to works being undertaken and they must be approved as well by Torbay council environmental health where appropriate.

 

Fit out period and rent free

The premises are being offered in a condition ready for decoration and fit out following the separation of the ground floor café and installation of new WC . The Landlords are also installing the extraction system.

On the payment of the first 3 months’ rent on completion the second 3 months will be rent free in lieu of the tenants fit out.

 

Lease

A new 6-year lease on an internal repairing basis is being offered subject to a an upward only rent review at year 3 to open market value or in line with the retail price index whichever is greater. A longer term is available if required so please state length required but 6 years is the minimum.

The repairing covenant will also include the shop front and the mechanical extraction system with the operator responsible to undertake periodic maintenance throughout the term.

 

Planning

The premises have consent for café with ancillary takeaway -application number P/2021/0124- subject to the following hours of operation.

Monday to Saturday 0700-2200hrs Sunday and Bank Holidays 1000-1600hrs

The lease will contain a restriction on trading hours between 0700 and 2200hrs 7 days a week.

The Estate are happy for a tenant to seek a variation on Sunday and Bank Holiday hours if they wish at their expense but will not consider any offers conditional upon such a variation.


Rent

£950 pcm payable 1/4ly in advance. The rent includes building insurance and external maintenance.

Rental Payments

The lease will require payments on a quarterly basis in advance. If a tenant prefers paying on a monthly basis, then this would be allowed but in advance so that rent in full can be credited to your account on the due date. Further details on request.


WC Facility

The lease will reserve access for the Estates tenant(s) of number 96 – the kiosk fronting Reddenhill Road within normal business hours to use the facilities but not their customers.

 

Legal Costs
Each party to pay their own legal costs

EPC  - An Energy performance certificate will be commissioned once the works are complete and prior to completion of lease.

Electrical safety certificate – To be provided by the landlords on completion of works.

Asbestos Report – will be available for inspection.

Services -The Café has mains electric (single phase) water and drainage.

VAT – All prices and rents quoted are exclusive of VAT where and if chargeable. No election to VAT has been made on this property although the lease will provide for recovering/charging VAT should this become mandatory via HM Gov legislation.

Residential Flat 96b Reddenhill Road

The upper floors of this building accommodated ladies and gent’s WC facilities as well as a poorly arranged 2-bedroom maisonette.

The Estate is redesigning and upgrading the accommodation to provide Lounge Kitchen/Diner, 3 bedrooms (Master ensuite) Family bathroom, as per the attached drawings. There is no outside space and parking is on street.

This accommodation will be available to rent by separate negotiation and will be ready to move into.

 

Interested? What is your next step?

 Contact: Nick Wheeldon MRICS or Clare Powlesland BA Hons
            01803 403060 or Email property@waycotts.co.uk

For further details and viewing arrangements as all viewings must be prebooked.

Please note that we are still operating Covid 19 restrictions

Therefore, only TWO adults at any one time to view with
suitable face mask and gloves.

Appointments will be for a maximum of 15 minutes duration unless otherwise agreed

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