£39,500 pa
(£39,500.00/sq. ft. pa)
Restaurant to letChapel Ash, Wolverhampton WV3
1 sq. ft
Business
About this property
The metropolitan city of Wolverhampton has a population approaching 300,000 and stands on the edge of the West Midlands conurbation and was historically in South Staffordshire. It has a vibrant city centre which has been subject to much investment over recent years and now is a thoroughly modern city and venue.
Adile’s coffee is set in the densely populated heart of the community. The trading areas have been recently refurbished and provide excellently contemporary café and dining facilities throughout. It is a stylish premises, operating as a coffee and brunch bar. It could easily evolve to more a restaurant with the extension of trading hours, and obtaining a premises licence. It is well presented and offers a prospective purchaser a good return from its current established trade.
Tenure & price
Leasehold £39,500 to include goodwill and fixtures & fittings. Stock at valuation in addition.
The premises are held on a part repairing and insuring lease agreement from a local investment company for a term of 5 years commencing April 1 2023. The lease falls within the security provisions of the Landlord and Tenant Act 1954 and is fully assignable. Rent currently stands at £10,000 per annum paid quarterly in advance. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Adile’s coffee is set in the densely populated heart of the community. The trading areas have been recently refurbished and provide excellently contemporary café and dining facilities throughout. It is a stylish premises, operating as a coffee and brunch bar. It could easily evolve to more a restaurant with the extension of trading hours, and obtaining a premises licence. It is well presented and offers a prospective purchaser a good return from its current established trade.
Tenure & price
Leasehold £39,500 to include goodwill and fixtures & fittings. Stock at valuation in addition.
The premises are held on a part repairing and insuring lease agreement from a local investment company for a term of 5 years commencing April 1 2023. The lease falls within the security provisions of the Landlord and Tenant Act 1954 and is fully assignable. Rent currently stands at £10,000 per annum paid quarterly in advance. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
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