Lot 10 Click here for addendum
Freehold Commercial Investment
6 week completion
Situation
Occupying a prominent corner trading position at the intersection of Chard Street, Lyme Street & West Street, and close to branches of McColls, Boots, Santander, Tesco, Vision Express, Post Office, Lloyds Bank as well as being the home of the well known River Cottage Cookery School & Delicatessen.
Directly opposite is the George Hotel, whose previous guests included King George lll and Lord Nelson.
Axminster is an attractive Market Town and popular tourist destination on the River Ax, the birthplace of Axminster Carpets in 1755, located 5 miles north-west of Lyme Regis, 7 miles south of Chard and 25 miles south-east of Exeter, with excellent road links with the A35 & A358.
Property
A substantial terraced property with excellent window frontage comprising a Ground Floor Coffee Shop with Basement Ancillary Storage all fitted to an extremely high standard, together with separate front access to a Self-Contained Upper Part at first and second floor levels.
VAT is NOT applicable to this Lot
FREEHOLD
Tenant Profile
Jurassic Coast Coffee Ltd and Premiere Coffee Ltd merged with Scoffs Group Ltd and is now the largest franchised partner with Costa Coffee in the UK trading from 93 stores. For Y/E 31/12/20, Premiere Coffee Ltd reported a T/O of £13m, Pre-Tax Profit of £1.5m and Equity Shareholders' Funds of £5.2m.