Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

Property for sale

Northdown Arcade, Northdown Road, Cliftonville, Margate CT9

£14,000

Property details

Features

  • Coffee Lounge
  • Sixty Covers
  • Ubr Small Business
  • Recently Refurbished
  • Trading
  • Five Car Private Car Park
  • Large Basement
  • Dedicated Kitchen
  • Toilet Facilities
  • Viewing Recommended

Listing view statistics

Last 30 days: 287 page views

Since listed: 1457 page views

Description

£14k a year rental! A fantastic chance to acquire this trading coffee lounge / restaurant. Recently re-fitted with high quality fixtures and fittings and new toilet facilities with a dedicated kitchen area to the rear which now has catering extraction and just requires ovens and ranges to complete the kitchen area. The premises benefits from, in our opinion, high end catering equipment including an Italian coffee machine and chiller. Currently the restaurant trades during the day as a coffee lounge but hours could easily be extended to make it an evening restaurant. The coffee lounge has an already established customer base and has been trading for many years under alternative management. With quality fixtures, fittings and products there is huge potential to grow the business. The coffee shop currently benefits from a 5* rating from Environmental Health. Please see agents notes in relation to the premium and lease terms.

Entrance

Via fully glazed shop frontage with glazed door and feature stainless steel furniture.

Exterior Frontage.

With seating for approximately 12 covers with tiled floor, attractive tiled floor, concealed lighting

Cafe (63'0" x 17'0" expandng to the rear to 78'9"ft (19.20m x 5.18m ex pandng to the rear to 24.00m))

With commercial vinyl floor in a dark wood style, covers and seating for 60, attractive glazed counter area, many appliances which will be listed in the inventory, overhead lighting, sound system, storage areas, storage cupboard and kitchen to rear, door to parking area.

New Toilet Area (8'9" x 4'1" (2.67m x 1.24m))

Toilet area with two toilets, sink unit, tiled, automatic lighting

Dedicated Kitchen Area

With power and light, Stainless Steel Sink unit, Stainless commercial extractor.

Car Park Area (37'0" x 35'0" (11.28m x 10.67m))

With access/right of way from Harold Road public car park through double secure gates, pea shingle, walled, ideal staff or customer car park.

Basement (24'0" x 17'0" (7.32m x 5.18m))

Comprising of a variety of areas and storage cupboards with power and light.

Inventory And Stock

Will be provided to interested parties by vendor

Lease

A new lease with negotiable terms is offered £14,000 per annum up to 10 years with five yearly rent reviews

Premium

£40,000 including stock, equipment and good will

Agents Note

This coffee shop has been trading in this location for over 20 years under different names and the freeholders recently took possession when the old lease expired and completely refurbished the property.

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Margate 1.1 miles
  • Broadstairs 2.4 miles
  • Lighthouse School (SEN) 0.1 miles
  • Parkview Academy (SEN) 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Margate 1.1 miles
  • Broadstairs 2.4 miles
  • Lighthouse School (SEN) 0.1 miles
  • Parkview Academy (SEN) 0.2 miles

Market stats

Sorry, we don't have enough data for this particular area.

Sale activity

  • Not known

In the last 12 months

  • Average sale price

    Not known
  • Properties sold

    Not known

Rental opportunities

Not known

Recent sales nearby

See all recent sales in CT9
Switch to next tab

Estimated running costs

Based on available 3rd party data

Approximate costs
£
per month

  • Mortgage £ p/m
  • Energy Not known
  • Home insurance Not known
  • Water Not known
  • Council tax Not known

Mortgage calculator

£ per month

How much could I borrow?

In association with

Your home may be repossessed if you do not keep up repayments on your mortgage.

The results are not provided by HSBC UK Bank plc and do not represent any particular mortgage product. Results are only indicative based on a repayment mortgage and are based solely on your inputs into the calculator. The monthly payments will depend on the product and repayment term you choose. Zoopla receive payment from HSBC UK Bank plc for this calculator and introductions resulting in decisions in principle.

The Agent

Price history

Sold prices provided by Land Registry
16th Apr 2019 £14,000 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Cooke & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Cooke & Co for full details and further information.