Under offer
Available
For Sale
Square foot size
2216
38 Market Street, Eastleigh
£400,000
38 Market Street, Eastleigh, SO50 5RA
- Let to national coffee house chain Coffee#1 Ltd, wholly owned by The Nero Group since 2019
- Just under 9 year term unexpired
- Coffee#1 have over 100 stores and 1,000 employees
- Rent of £31,950 per annum
- Guide price of £400,000
- NIY of 7.67% after purchaser’s cost of 4.18%
- Corner unit with approximately 80 covers
- Sales as a company increased by 15% in the past year
Café Investment For Sale
The accommodation comprises a prominent two-storey corner lock up shop with return frontage to Leigh Road and Market Street.
Internally, the ground floor is fitted out to the tenant’s specification with café amenities and approximately 70 covers. There are two W/Cs including a disabled W/C. The first floor has been fitted out as a coffee training area that could be used for training or opened up for a further 30 covers. There is a store room with staff facilities, W/C and office.
Externally, the tenant has outdoor covers under a canopy which provides a further 25 covers. Freehold – Title number HP424578
- Download 38 Market Street Coffee 1 Investment Brochure.pdf
- Download 38 Market Street Coffee 1 Floor Plans.jpg
- Download 201610 Proposed Ground First Floor Plans for alterations.pdf
Bournemouth