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Market Place, Folkingham, SleafordA1 - High Street, A3 - Restaurants / Cafes, Commercial

£495,000
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About this property

LOCATION
The property is prominently located within Folkingham Village, having frontage onto Sleaford Road (A15), located centrally within the village which has an attractive market square with free parking and a popular Village Store. In addition, the village has a Village Hall, Public House and a popular Campsite.

DESCRIPTION
Substantial Freehold Retail Premises with Living Accommodation – We are delighted to offer this rare opportunity to acquire a substantial Freehold Property in one of Lincolnshire’s most attractive villages. The property is prominently located and is currently successfully trading as a catering facility, being a high quality Chocolate Retail Outlet, with all confectionary made on the premises. In addition, the ground floor has been substantially extended to provide a stunning Conservatory/Eatery, providing endless possibilities for future business expansion. The property is considered suited for somebody interested in continuing the existing business or alternatively, diversifying into other catering uses with Tea Room/Restaurant and Kitchen facilities. Additionally at first and second floor level, there is generously proportioned owner’s living accommodation. Externally, the property fronts directly onto the A15 (Sleaford Road). To the rear is a car park providing customer and owner parking space and giving access to an attractive patio/seating area and the Conservatory, which was designed for the use as a Restaurant. As an alternative to its existing use, the property is considered to have alternative use potential, particularly conversion to multiple residential properties, given its desirable village location.

ACCOMMODATION
This most attractive Grade II Listed Property takes pride of place within Folkingham Village renowned for its beautiful 18th Century tree lined village centre. The property has been substantially refurbished by the current owners in recent years to provide its current layout, with Retail and Catering Accommodation a ground floor, including a superb ‘Conservatory’ Restaurant and outdoor seating area to the rear. In addition to the Catering Standard Kitchens where all confectionary is currently manufactured.

At first floor and second floor level, there is generously proportioned owners accommodation comprising a Living Room, Dining Room, Kitchen, Office and Two En-Suite Bedrooms. At second floor level, there are two further Bedrooms together with a large Lobby Area. One of these Bedrooms also has an En-Suite Shower Room/WC.

Given the extensive accommodation available, this property represents an exciting opportunity for a prospective purchaser to either continue with the existing business or diversify within the Catering Industry to provide a high quality eatery.

SERVICES
Mains drainage, electricity and water are connected. An oil-fired central heating system is installed serving radiators throughout the property.

EPC Rating – E

TERMS
The property is available on a Freehold basis.

OUTGOINGS
Rateable Value – £2,663.00

In the event that a full rating liability is required, the current rates payable would be approximately £1,342 per annum (Rate to the pound for 2019/20 is 50.4 pence).

Prospective occupiers are likely to qualify for Small Business Rates Relief which, under the current framework, would give up to 100% exemption of rates liability, but interested parties should make their own enquiries.

Living Accommodation Council Tax Band – A

VAT
VAT is not chargeable on the sale of this property.

VIEWING
Via prior appointment through Mundys Commercial.

Energy Performance Cerificate (EPC)

Floorplan