Commercial Retail Property
Asking Price £89,000
Abbey View Café & Bookshop has been running successfully in its current form for almost ten years and has developed a strong local reputation for serving home-made produce such as soups and cakes, as well as fresh to-order meals such as sandwiches, paninis, hot rolls, cakes, teas and coffees. It was recently awarded the coveted Trip Advisor Certificate of Excellence.
The bookshop element is a nice addition to the overall offering and is another ‘draw’ for the café with a selection of books suitable for adults and children.
The business is currently trading five days per week 10am to 5pm on Thursday to Monday and benefits greatly from its close proximity to Jedburgh Abbey. The café closes in November and January.
We have been advised that the annual business turnover is approximately £55,000. There is scope to develop this through extended business hours and opening all year round, as well as the introduction of new business such as the provision of outside catering.
Our client has owned and operated the business since 2013 but has now reluctantly decided to sell as a result of a change in personal circumstances.
The historical market town of Jedburgh lies 10 miles north of the border with England, 35 miles east of Berwick-upon-Tweed and 50 miles south-east of Edinburgh. Lying just off the A68, it benefits from an abundance of passing trade and is a hugely popular tourist destination, with a range of attractions including the town’s 12th century Abbey.
The town itself is justifiably known as the ‘Jewel of the Borders’ and has a great community spirit with a variety of independent shops, restaurants, cafes and leisure facilities. There are also two primary schools and a High School.
The property is situated on Abbey Place, just off Jedburgh’s High Street and Market Place and benefits from plenty of nearby free car parking.
•Situated directly opposite Jedburgh’s medieval Abbey
•Superb owner operator/lifestyle opportunity
•Successfully operating in its current form for almost ten years.
•2018 winner of Trip Advisor Certificate of Excellence.
•Popular market town with strong tourist trade and passing trade from the A68
•20+ covers (inside and outside)
•£89,000 is sought including freehold and business goodwill
The subjects enjoy a corner aspect on the ground floor of a two-storey Grade C-listed building. The café itself is lovely and bright with large windows overlooking the Abbey, providing a pleasant visual experience for customers. It is in excellent order throughout, decorated in neutral colours with hardwood flooring and modern LED lighting.
A staff counter separates the seating area from the kitchen which is equipped with a double sink, wash hand basin and large worktops. There is a pantry cupboard and plenty of storage space beneath the worktop.
A customer WC is just to the left of the main entrance while the large paved area to the front allows al fresco diners to enjoy an unrivalled view of Jedburgh Abbey.
According to our recent measurement survey the subjects comprise the following approximate net internal area:
29.2 sq m (314 sq ft)
£89,000 including the freehold of the property, business goodwill and all fixtures, fittings, tableware and cafe equipment.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £2,400. The uniform business rate for the current year is £0.484 pence in the pound. For properties with a Rateable Value of £15,000 and under occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme, depending on individual circumstances.
The property has metered supplies of mains water and electricity.
The property is marketed jointly by Hastings Legal and Allied Surveyors Scotland.
Energy Performance Rating G.
Each party will be responsible for their own legal costs incurred in the transaction with the purchaser liable for an LBTT or VAT applicable.
Entry date to be mutually agreed on completion of legal formalities.
Strictly by appointment only. Contact Hastings Legal 01750 724 160/ 01573 225 999.