£27,996 pa
(£37.28/sq. ft. pa)
Restaurant to letChurch Street, Reigate RH2
751 sq. ft
Just added
Business
About this property
Well established Class E Café business for sale
Benefits from full Alcohol License
Busy town centre location
Recently refurbished to high standard
Passing rent £27,996 per annum on a protected lease
Price for business goodwill & lease £50,000
Confidentially available
Location
The premises occupy a good location in the heart of Reigate, situated close to the junction with High Street and Bell Street. Church Street benefits from on-street parking (1 hour free) and an attractive mix of well-known multiple and independent traders.
Description and Business
Excellent opportunity to acquire a fully operational refurbished business with a full alcohol license and 30 + covers.
Handleys Café has become one of the most popular café premises in Reigate with a loyal customer base. The property recently underwent extensive refurbishment and is fitted out to a high standard including air-conditioning, an awning, newly fitted kitchen and prep area and a customer toilet. The property also benefits from an alcohol licence. Current opening hours are from 8am – 4pm Monday to Saturday with potential for Sunday trading. The accommodation and floor areas are as follows on the Ground Floor only:
Tenancy
The property is held on a full repairing and insuring lease expiring 31st July 2026 at a current rent passing of £27,996 per annum with no further rent reviews. The lease is inside the Landlord & Tenant Act 1954. The Landlord has agreed, subject to contract, an 8 year lease extension at £30,000 per annum until 31st July 2034
Price
The lease, goodwill of the existing business, fixtures and fittings are available for £50,000. Trading information and accounts are available upon request.
Excellent potential to extend the opening hours and grow the business.
Subject to contract
VAT – We understand VAT is not applicable to the rent.
Rates - The 2023 Rateable Value for the premises is £22,750. The current ubr is 49.9 pence in the £. For further information in this regard please contact Reigate and Banstead Council
EPC – This property has an EPC Rating of D (96).
Legal costs - Each party is to bear their own legal costs
Benefits from full Alcohol License
Busy town centre location
Recently refurbished to high standard
Passing rent £27,996 per annum on a protected lease
Price for business goodwill & lease £50,000
Confidentially available
Location
The premises occupy a good location in the heart of Reigate, situated close to the junction with High Street and Bell Street. Church Street benefits from on-street parking (1 hour free) and an attractive mix of well-known multiple and independent traders.
Description and Business
Excellent opportunity to acquire a fully operational refurbished business with a full alcohol license and 30 + covers.
Handleys Café has become one of the most popular café premises in Reigate with a loyal customer base. The property recently underwent extensive refurbishment and is fitted out to a high standard including air-conditioning, an awning, newly fitted kitchen and prep area and a customer toilet. The property also benefits from an alcohol licence. Current opening hours are from 8am – 4pm Monday to Saturday with potential for Sunday trading. The accommodation and floor areas are as follows on the Ground Floor only:
Tenancy
The property is held on a full repairing and insuring lease expiring 31st July 2026 at a current rent passing of £27,996 per annum with no further rent reviews. The lease is inside the Landlord & Tenant Act 1954. The Landlord has agreed, subject to contract, an 8 year lease extension at £30,000 per annum until 31st July 2034
Price
The lease, goodwill of the existing business, fixtures and fittings are available for £50,000. Trading information and accounts are available upon request.
Excellent potential to extend the opening hours and grow the business.
Subject to contract
VAT – We understand VAT is not applicable to the rent.
Rates - The 2023 Rateable Value for the premises is £22,750. The current ubr is 49.9 pence in the £. For further information in this regard please contact Reigate and Banstead Council
EPC – This property has an EPC Rating of D (96).
Legal costs - Each party is to bear their own legal costs
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