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10% Yield on Property Sale
Immaculately Presented / Fully Furbished 2017
Busy Trading Location / Former Library
Annual Rental Income £13,200
Presented To a Very High Standard
Run Under Management
EPC - G
REF 6505 – Leasehold Licensed Coffee Shop
Blacks Brokers are pleased to bring to the market this freehold investment opportunity, with a running coffee shop located in the much sought-after area of Llandudno Junction, Conwy.
Chapter 2 Coffee Shop has been trading from The Old Library since August 2017 when our client established the business to meet local demand for a quality coffee shop of this type in this area. Our client also liked the iconic nature of the building which is close to the main street but not on it and offers something different from the more run of the mill establishments of the same industry. The property has soon become a well known and popular business within this area, gaining a large customer base of regulars from the sheltered accommodation flats next door, exercise classes held a few minutes away and others whom enjoy a quiet read over a coffee and cake. Our client has created a beautiful environment for locals as well as offering private parties (baby showers, birthday parties, leaving parties and so on) which has proven popular – this is an area that could be expanded further.
Llandudno Junction has a population of over 6,000. The area is well linked by the A55 and A470, public transport links are excellent and parking is available in the immediate vicinity. The business is located on the main route from Llandudno junctions largest residential area into the town with Llandudno Junction Train Statin within a ten minute walk. The medieval town of Conwy is only a five minute drive and the resort of Llandudno only fifteen minutes away. Other businesses close by include large car showrooms, and a new Welsh Assembly Government building.
REASON FOR SALE
The Property is for sale due to our clients other business interests.
Rent is charged at £1,100 per month, the annual figure being £13,200.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This property occupies a superb trading position in a busy residential area close to popular tourist areas and large workplaces. Trade is steady all year round. There is plenty of scope to develop the business further simply with longer opening hours and days, however there is also potential to cater for local events, businesses and drive the private event opportunities for parties and celebrations. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Available as freehold and leasehold
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