The Tea Cosy, 10, The Green

Nettleham, Lincoln, Lincolnshire LN2 2NR

Guide price £179,950

LOCATION

Nettleham is a large village with a population of circa 3,500 located approximately 4 miles north east of the city of Lincoln between the A46 and A158. The village has won the Best Kept Village Award several times and the centre of the village is a conservation area.

The subject property is situated on the eastern side of The Green in the heart of the village. There are a wide range of high quality and long established retailers and operators in the surrounding area.

DESCRIPTION

The property comprises a single storey semi-detached building currently arranged as open plan kitchen / preparation area with customer seating and WC facility. There is an additional seating area outside to the front of the property.

ACCOMMODATION

Measured on a net internal area (NIA) basis in accordance with the Royal Institution of Chartered Surveyors Code of Measuring Practice the property provides 28.21m (304 sq ft) of accommodation.

PLANNING

The current use of the property as a tea room falls within Class A1 of the Town & Country Planning (Use Classes) Order 1987 (as amended). Interested parties are advised to contact West Lindsey District Council on 01427 676676 to verify the current use and to enquire about the likelihood of obtaining planning permission for a change of use if required.

BUSINESS

An established Tea Room, which has been in the current ownership since 2013, serving superb homemade cakes, a variety of hot and cold meals / snacks (including oven baked jacket potatoes, paninis and sandwiches with a range of fillings, soups and all day breakfast) and a range of tea, coffee and cold drinks.

The business has an excellent reputation with high ratings on TripAdvisor, Facebook and Google. Potential to further increase turnover through extended opening hours or deliveries to local business locations. Full accounts for the business are available once interested parties have inspected the property, met the owner and signed a confidentiality agreement.

RATEABLE VALUE

Description: Shop and premises
Rateable Value (2017 List): £5,600
Standard Multiplier (2017/18): 47.9p in the £
Small Business Multiplier (2017/18): 46.6p in the £

Interested parties are advised to contact West Lindsey District Council on 01427 676676 to verify the above and to enquire about their eligibility for small business rate relief (which may amount to 100% depending on circumstances).

TENURE

Freehold with vacant possession upon completion.

GUIDE PRICE

£179,950 for the freehold interest, business goodwill, fixtures, fittings and trade equipment. A full inventory of the fixtures, fittings and trade equipment to be included in the sale is available upon request.

VAT

The guide price quoted in these particulars is exclusive of VAT. At the time of preparation of these particulars (November 2017) we understand that the vendor has not elected to charge VAT.

TUPE

Under TUPE legislation the vendors obligations to the existing employees will transfer to the purchaser on completion of the sale.

ENERGY PERFORMANCE ASSET RATING

D96. The front page of the Energy Performance Certificate (EPC) is attached to these particulars. The full EPC and recommendation report are available to interested parties upon request.

LEGAL COSTS

Each party is to be responsible for their own legal costs.

AGENT

For further information or to arrange a viewing please contact sole agents JHWalter:

Andrew France BSc (Hons) MRICS
01522 504319 07795 657792
andrewfrance@jhwalter.co.uk

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* Please Note: If Google Street View appears with no imagery, it is not available for this property

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