Chester’s Coffee House is located in the fair city of Perth occupying a prime trading location in the city centre on St. John’s Street. St. John’s Street is a pedestrianised area of Perth city centre close to the main retail High Street, the River Tay and what is regarded as Perth’s retail centre. The business trades from the ground floor and basement level of a mid-terraced traditional tenement style property. From first impressions and from the outside, the business oozes genuine charm. The frontage comprises an original timber frontage with a central doorway flanked by double picture windows with awnings above.
Internally, the charm and fit-out continues inside with a warm and inviting environment with a mixture of panelled painted timber, beautiful Victorian style tiles as well as a solid timber floor throughout. Prospective purchasers will find a business which has been substantially and authentically refurbished to today’s impressive standard. In terms of covers, the premises can comfortably cater for 25 covers. The business has the benefit of full class 3 consent with premises license.
Our client chooses to open six days a week currently, restricting the opening hours to daytime. It is strongly felt that under more “hands-on” ownership, new owners would benefit from utilising the full license to perhaps offer an evening trade and indeed trade the business seven days a week. Evening trade could result in offering a specialised bistro style business operating in the evenings only.
The business is offered in genuine “walk-in” condition with our clients future-proofing any capital expenditure on design and refurbishment for at least a 3-5 year period.
The business is offered for sale with the benefit of the residue of a 10 year lease which commenced in 2019. The current rent is £12,000 per annum. We anticipate that any new tenant will be asked to provide a rental deposit/guarantee to the landlords on their successful application of leasehold assignation.
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Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.