Thirsty & Hungry

£ 55,000
Tenure
Leasehold
Rent (per annum)
£ 14,000
Description
  • Leasehold assignment of superbly positioned unit with high footfall
  • Modern, well-arranged trade space
  • Wealth of natural light throughout
  • Discreet, 'hidden' trade courtyard
  • Benefit of licence to sell alcohol
Location

Thirsty & Hungry is located in the centre of Cambridge along the busy thoroughfare of King Street close to both Market Square, the Grafton Centre, Christ Pieces and Midsummer Common. King Street is an established retail and leisure pitch with nearby occupiers including The Cambridge Brewhouse, St Radegund, Locker Café and The King Street Run.

Property

Thirsty & Hungry is a lockup unit occupying the ground floor of a superbly located premises on King Street in central Cambridge. The unit is presented in good order and has been re-arranged in recent years to make the best use of the space available, creating an approachable bar/café offering internal dining or takeaway. There are a number of roof lights in the premises, affording a wealth of natural light throughout.

The trading area comprises a wooden bar servery and high tables with stools along with a dining room, providing in the region of 24 internal covers. Behind the bar is the kitchen, which is compact but well-equipped, with a prep area, wash up station and fixed shelving. There is a small storage cupboard off the dining room and a WC located off the main trade area.

The trade courtyard is located to the rear and is fully enclosed and predominantly sheltered. It has a combination of fixed and loose seating catering for c. 14 covers. A timber shed provides additional storage space.


Planning

The property benefits from permitted use Class 'E'. We are advised that the property is Grade II listed and is situated within a Conservation Area. The relevant Local Authority is Cambridge City Council. cambridge.gov.uk

Our client successfully applied for change of use for the premises from A1 to A3 or A4 in 2019. Further information can be provided on request.

Tenure

The property is held on a full repairing and insuring (FRI) lease held from Christ's College from 5th February 2016 for a term of 10 years.

The passing rent is £14,000 per annum, exclusive of VAT.

Premium

Premium offers are sought in the region of £55,000 (exc VAT) for the benefit of the leasehold interest, inclusive of all trade fixtures & fittings (save for 3rd party owned items).

The Business

The business is closed. The Premises Licence will transfer with the sale and allows for alcohol sales on and off the premises. We are advised permitted hours are 10:00 - 23:00 7 days a week. Neither the trading name nor the website will transfer with the sale of the business.

Rates & Charges

Rateable Value: £12,500.

We understand the premises is eligible for small business rate relief.

Country
England
County
Cambridgeshire
Address
62-64 King Street
Post Code
CB1 1LN
Reference Number
RF188520
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