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The Borough 1,426 SF of Assignment Available in Wedmore BS28 4EB
ASSIGNMENT HIGHLIGHTS
- Popular Cafe & Deli Business for Sale
- Excellent Property with Good Garden Space
- Opportunity for Growth
- Prime Location in Sought after Village
- 65 Covers with the Outside Seating
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,426 SF | Mar 2031 | $19.59 CAD/SF/YR $1.63 CAD/SF/MO $27,932 CAD/YR $2,328 CAD/MO | TBD |
Ground
The Cafe´ is subject to a 10 year term Lease, as of March 2021, with a Tenant only break option as of March 2026. Current rent payable is £15,000 per annum and subject to review as of March 2026 and 3 yearly thereafter. The Cafe´ Deli business is for Sale, with a guide price of £65,000 plus Fixtures, Fittings and Effects. A full inventory list can be provided on request. Stock at valuation to be purchased on the day of completion, and in addition.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Energy Performance Rating - B
- New flexible lease
- Open plan space
- 65 covers with outside eating
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 1,426 SF | Gross Leasable Area | 1,426 SF |
| Property Type | Retail | Year Built | 2020 |
| Property Subtype | Restaurant |
| Total Space Available | 1,426 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 1,426 SF |
| Year Built | 2020 |
ABOUT THE PROPERTY
The Cafe´ Deli benefits from a high-quality oak-framed extension, built in 2020 which features doors that open onto the sunny garden. Overall the premises offers 40 inside covers and 25 external. In 2021, the current owner undertook major renovations to enhance and expand the kitchen facilities, ensuing the Cafe´ Deli is well-equipped to meet demand. A small separate secure storage unit on site is being used and may be available to subject to agreement with the Landlord. The property is prominently positioned at the front of The Borough Mall, a purpose built shopping venue that benefits from complementary local businesses, customer parking, and active management overseeing communal and external maintenance.
- Security System
Presented by
The Borough
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