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Restaurant/cafe for sale

£49,500 Guide price

Palace Hill, Eastborough, Scarborough YO11

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Property features

  • Breathtaking views over south bay
  • Low overheads - £7,500PA rent - no rates!
  • Opens 364 days A year - 10AM - 3PM
  • Only comes to market due to retirement

Property description

+++ realistically priced and superbly fitted leasehold cafe with breathtaking views across south bay +++

Offered to the market in superb order is this 36 cover cafe, set within the Old Town of Scarborough, boasting simply stunning panoramic views from the bay window of Scarborough's famous South Bay. This is ready-made opportunity for anyone looking to enter the catering industry, whilst trading from this year round venue. Currently, the business trades from the hours of 10.00am to 3.00pm - 7 days a week - 364 days a year. We feel there would be scope to increase the opening hours, if desired, to possibly include doing evening meals - subject to gaining planning approval.

The cafe has been superbly fitted throughout and is ready for any incoming purchaser to trade straight away and take advantage of the enviable reputation the current owners have built up. The property benefits from disabled access with a disabled toilet and baby changing room. At lower ground floor level lies excellent storage, an office and a staff room.

A full detailed inventory is being prepared by the current owners. Accounts and the lease will be made available to seriously interested parties. The passing rent is £7,500pa (£625pcm) and the lease expires in 2020. No business rates currently payable by current owners.

Location:
Scarborough is an established commercial, tourist and retail centre, approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: Ons and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year. More precisely, the property occupies a fantastic trading position on Eastborough, linking the town centre with the South Bay and is a well trodden route during the busy tourist seasons.

Description:
The property comprises and ground floor A3 cafe with excellent lower ground storage and staff facilities. The property is accessed via a central UPVC & glazed door with two display window set either side. A bar is located towards the front of the property with stools, whilst a disabled ramp leads to the mid section where the primary service area is located. To the rear lies the disabled toilet and baby change together with the main seating area, all focusing on the bay window with the panoramic views of South Bay.

Planning:
Believed to be A3 (Restaurants and Cafes). Confirmation should be sought via the local authority's planning department on .

Services:
All mains services appear to be connected.

Business rates:
The property currently has a rateable value of £5,500. We are informed by the current leaseholders that no rates are currently payable. Further information can be obtained by ringing the local authority's taxation of office on .

The business:
The business operates just below the VAT threshold but there would be scope to significantly increase the turnover by extending the opening hours. Accounts can be provided to seriously interested parties.

Tenure:
Leasehold

the lease:
The lease expires in 2020 and the current passing rent amounts to £7,500pa and is payable quarterly in advance. The lease is available to view at our office for seriously interested parties.

VAT:
All figures quoted are exclusive of VAT however, our client reserves the right to charge VAT if applicable.

Viewing:
By appointment only via the Sole Agents:Cph Property Services19 St. Thomas StreetScarboroughYO11 1DYContact: Joe Walker MRICSTel: Email:

Property ref:
Esc 10284 jw


Property info

Floorplan(s): Floorplan 1

View original

What Zoopla users think of Scarborough

Overall rating:

  • currently 4 stars
Very good - 79% (104 ratings)

Ratings breakdown:

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Community & safety
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Parks & recreation
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Restaurants & shopping
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Community & safety
  • currently stars
  • 1
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Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
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  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 4
  • 5
Schools & public services
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  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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Nearby transport

  • Scarborough (0.6 miles)
  • Seamer (3.1 miles)
  • Filey (6.5 miles)
  • Durham Tees Valley Airport (44.5 miles)
  • Humberside Airport (49.1 miles)
  • Leeds Bradford International Airport (59.0 miles)
  • Hull Ferry Terminal (37.7 miles)
  • Transporter Bridge South Side (39.5 miles)
  • Transporter Bridge North Side (39.5 miles)

Nearby schools

View all schools in Scarborough
  • Friarage Community Primary School (0.1 miles)
  • Gladstone Road Primary School (0.8 miles)
  • Scarborough, Northstead Community Primary School (1.2 miles)
  • Scarborough University Technical College (1.1 miles)
  • Scarborough Sixth Form College (1.6 miles)
  • International Christian Language School for Functional English (16.7 miles)
  • Scarborough College (1.3 miles)
  • Springhead School (1.5 miles)
  • St Augustine's Roman Catholic School, Scarborough (1.6 miles)
Note: Distances are straight line measurements

Local info for Scarborough

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For more information about this property, please contact
CPH Property Commercial, YO11 on +44 1723 266866 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by CPH Property Commercial, and do not constitute property particulars. Please contact CPH Property Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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