Café Space to Let at Poplar Works
There is an exciting opportunity for a hospitality operator to take over the cafe space licensed by Poplar HARCA and The Trampery at Poplar Works.
The Space
The café area is 70m2 and has seating for c.30 people. There is also an outdoor terrace with the potential for seating on warmer days.
It comes equipped with furniture, air conditioning and kitchen equipment free of charge.
Terms
The minimum opening hours for the café are 8 am – 4pm, Mon – Fri. However, we would support any proposals that sought to keep the café open for longer and during the weekend.
Lease: The space will be offered for 5 years (longer periods can be considered).
Business rates: The premises has a rateable value of £11,250 from 1 April 2023. All interested parties are advised to confirm these with the Local Authority. Previous operators have successfully secured a 75% reduction in their payable rate.
Rent: Year 1 – £833.33 per month (£10,000 per annum) plus rates and utilities. In Year 2 – rent will increase to £11,500 per annum. In Year 3 – rent will increase to £13,225 per annum. Review to take place after the third year.
Utilities: Utilities will be billed separately on a quarterly basis. The average monthly utility cost is approximately £380+VAT (gas, electricity, water).
Service charge: £500+VAT per annum to cover building services such as cleaning and waste management, internet etc. (full schedule of services available on request).