2 Bedroom Commercial Property for sale in The Wharf, Newark
A Freehold thriving going-concern riverside cafe and licensed premises together with recently refurbished luxury living accommodation and a garden terrace. The property is situated adjacent to a car park, Trent bridge and the river in this centralised tourist area and residential community.The business has regular clientele and an excellent reputation. There is considerable potential for extended opening times and growth of the business. The cafe area provides folding doors and river views with recently extended accommodation providing 40 covers approximately. The living accommodation provides a stunning open plan living kitchen recently re-fitted with quality units and appliances. This apar... Read more
A Freehold thriving going-concern riverside cafe and licensed premises together with recently refurbished luxury living accommodation and a garden terrace. The property is situated adjacent to a car park, Trent bridge and the river in this centralised tourist area and residential community.
The business has regular clientele and an excellent reputation. There is considerable potential for extended opening times and growth of the business.
The cafe area provides folding doors and river views with recently extended accommodation providing 40 covers approximately.
The living accommodation provides a stunning open plan living kitchen recently re-fitted with quality units and appliances. This apartment provides river views in the frontage and bi-folding doors to a private garden terrace.
The gross income established prior to lockdown was in excess of £120,000 and previous accounts will be available. Pending retirement, the owners have de-registered for VAT and reduced opening hours to three days per week.
The recent refurbishment includes new suspended ceilings, re-decoration throughout, new LED lighting and a new domestic kitchen. The garden terrace is hard landscaped with a sizeable decking area, amenity space, total privacy and seclusion.
The property provides the following accommodation:-
Ground Floor -
Cafe Area - 10.82m x 3.66m + 7.75m x 5.16m maximum+additional - With folding doors and windows providing a pleasant aspect of the wharf, Trent bridge and riverside. Central heating radiators. Recently extended accommodation providing 40 covers approximately.
Total area: 53.638 sq.m
Office - 3.51m x 3.35m (11'6" x 11') - Average measurements.
Store Room - 2.31m x 2.08m (7'7" x 6'10") - With partition wall to the cafe area.
Lobby/Wc - With basin and radiator.
Wet Room - With fully tiled walls and rain shower.
Boiler Room - 4.09m x 1.96m (13'5" x 6'5") - With recently installed gas fired central heating boiler.
First Floor - A wide and easy staircase leads to a first floor landing.
Open Plan Living/Kitchen - 10.06m x 8.69m (33' x 28'6") - Overall measurements reducing to approximately 19' in width. Recently replaced suspended ceiling, five radiators, views of the river to the front and bi-folding doors to the garden terrace. Quality grey finished kitchen units incorporating base units, wall cupboards and a peninsular unit with breakfast bar. Integrated steam oven, induction hob with built in extraction unit, steam microwave with built in grill, timed electric warming draw. Fridge and freezer. 1.5 sink unit, pan drawers, designer radiators and a new wine refrigerator. There is LED lighting and triple glazing to the front windows.
Bedroom One - 4.11m x 2.87m (13'6" x 9'5") - With views of the Trent side. Radiator.
Bedroom Two - 3.23m x 2.97m (10'7" x 9'9") - With freestanding bath with shower, power point with phone chargers and designer radiator. The decoration has been left and paintwork is neutral to allow new owners to put their own stamp on it.
En-Suite - With basin, WC and designer radiator.
Garden Terrace - Approached by bi-folding doors from the living room. This provides a totally secluded and private recreational area with space for seating in the decking area together with a pleasant amenity area.
Views Nearby -
Services - Mains water, electricity, gas and drainage are all connected to the property.
Tenure - Freehold
Rateable Value - The current rateable value is £4,550 subject to review.
Small Business Rate Relief - Currently applies.
Business Goodwill - The property is offered for sale as a going concern to include the freehold, goodwill, fixtures and fittings. Stock in trade will be at valuation.
Vat - The property is currently registered for VAT purposes.
Viewing - Strictly by appointment with the selling agents.
The data provided here is based on local property price changes as provided by Land Registry and do not take into consideration improvements made to the property or current local market trends. These are not to be relied on for property sale. We strongly recommend you to book a valuation with your local property expert for a professional valuation of your property.
Your valuation of ### is based on the current housing price trends of the ### area.
The value has ### by ### since it was last sold on ### for ###.
No sale information is available on this property, so the valuation is based on the nearby sales of similar properties.
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