Full Description

Hereford City Centre – Busy Location – Well established trade – Dining area & open plan kitchen – Currently run under management – Lock up

Accommodation:

Hereford City Centre Busy Location
Well established trade Dining area & open plan kitchen Currently run under management Lock up

The historical Cathedral City of Hereford stands on the banks of the River Wye within the picturesque Marches region. It is noted for its impressive medieval Cathedral which houses the Chained Library and Mappa Mundi. The surrounding area is noted for its beautiful countryside and draws many visitors throughout the year.

Tiffany’s Caf is located within the City Centre at the side of the busy Butter Market. The location, in one of the main thoroughfares, ensures a high volume of customers throughout the day. They are also in negotiation with the Council to provide external seating in the newly pedestrianised Widemarsh Street.

Since our client’s occupation, the caf has been refitted throughout with new equipment and fully decorated, therefore no capital expenditure would be required by the new operator for several years.

Large open plan caf providing dining area on stepped level with tiled and exposed wood effect floor, having a mixture of leather settle seating and dining chairs and tables for 66 customers. The Dining Area is serviced by an open kitchen having extensive chilled serving counters and large store off. WC installed for sole use of customers.

The Business:

The business trades as a cafe and restaurant to the large number of passing trade and regulars frequenting the Butter Market and Hereford City Centre. It offers an extensive range of light refreshments and beverages, trading between the hours of 7.30 am until 3.00 pm Monday to Saturday. The business is currently achieving gross sales in the region of 3,000 per week under management.

It is clear the unit is not being operated to its full potential under management and would benefit hugely from supervision of a handson operator.

Licence:

No Premises Licence is held.

Services:

All mains services are connected.

Tenure &

The property is held under three year Lease with two years unexpired from the Local Authority with a current rent of 12,000 per annum. The Tenant is responsible for internal decoration.

Leasehold: 55,000 to include fixtures, fittings and goodwill.

Viewing:

Strictly, by prior appointment through the Selling Agents.

Further details and all negotiations through the Selling Agents

None of these statements contained in these particulars are to be relied upon as statements or representations of fact. These particulars are not an offer or contract or part of one. Floor plans are provided for guidance as to the layout of the property only. Room sizes and measurements are approximate only. Please note we have not tested the equipment, appliances and services in the property and interested parties are advised to commission appropriate investigation before formulating their offer for purchase.

Sunderlands and Thompsons are a member of the Ombudsman for Estate Agents Scheme OEA and therefore adhere to their Code of Practise. A copy of the Code of Practise is available on request.