The premises occupies a prominent and unique location on the banks of the River Thames. The cafe/restaurant has part brick and part painted brick elevations under a pitched and tiled roof. There is a large outdoor part covered terrace and garden area providing additional seating with scenic views along the river. The premises benefits from a car park at the front of the property.
( Agency Pilot Software ref: 1318 )
Location
The Waterfront Café is situated at Benson Waterfront and Cruiser Station on the River Thames, approximately one mile north east of Wallingford. Oxford is 12 miles to the northwest. The neighburing site provides mooring jetties, a number of lodges and an area for touring caravans.
Accommodation
Café / Restaurant: 121.91m2 (1,312.24 sq ft)
Kitchen: 19.31 m2 ( 207.85 sq ft)
Stores: 14.48 m2 ( 155.86 sq ft )
Total: 155.70 m2 ( 1,676 sq ft)
Terms
INVESTMENT SUMMARY The property is currently occupied by Waterfront Café Benson Ltd for a term of 20 years from 23rd August 2022 at a rent of £60,000 per annum. There are rent reviews on every fifth anniversary of the term commencement date subject to a maximum increase of 120% at each review date.
PRICE Our clients seek £1,250,000 for their freehold interest. The property is elected for VAT.
DUE DILIGENCE Any interested parties will be required to provide company information and proof of funds to comply with anti money laundering legislation. RATES The Valuation Office indicates a Rateable Value as of 1st April 2023 of £18,500. Rate in the £ for 24/25 is 49.9p