Raffles, 15 Lower English Street,

**WELL-ESTABLISHED & SUCCESSFUL DELI & BAKERY BUSINESS & BUILDING FOR SALE FOR LESS THAN 1 YEARS PROFITS**

CPS are delighted to have been appointed to list for sale this well-established and successful deli, bakery, and outside catering business and building due to eventual retirement; that has been in business for the last 34 years.  Raffles is situated within Armagh City Centre just off the well-known Shambles Roundabout and offers a fantastic opportunity for those within the industry or someone looking to enter the industry to take on this thriving business. This three-storey building offers a great investment opportunity also with there being two one-bedroom apartments on the first and second floor with Circa 10% yield.  A further feature to this business and building sale is a large store and yard to the rear, which can be utilised by the business or as a separate use subject to statutory planning approval.

LOCATION

The property is located at 15 Lower English Street, which is accessed from Upper English Street, Cathedral Road, and Railway Street.  Lower English Street is predominately commercial and would benefit from high volumes of passing trade.

DESCRIPTION

No. 15 Lower English Street is a three-storey building with Raffles Deli and Bakery on the ground floor, two one-bedroom apartments on the first and second floor, and a store and yard to the rear.  Raffles on the ground floor comprises a large open plan shop front with deli counter, kitchen and preparation area, store and cold room, and separate WC.  Both the apartments comprise a living room, kitchen, bedroom, and bathroom. 

NOTE: There is an incentivised option to lease the commercial premises only and make regular payments on top of the rent towards the purchase of the business

COMPRISES

Ground Floor - Main shop area - 4.09m x 8.04m

 Aluminium glazed shop window and entrance door, tiled flooring, suspended ceiling, halogen lighting, feature spot lighting, feature wooden panelling, and various display counters and fridges.

Ground Floor - Rear preparation area - 6.78m x 4.26m 

Tiled flooring, strip lighting, vast preparation and counter space, fitted kitchen, stainless steel sink, and storage.

Ground Floor - Rear storage area / fridge – 2.34m x 2.12m

Tiled flooring, strip lighting, cold room, and storage

Ground Floor - WC - 1.81m x 1.22m

Vinyl flooring and white two-piece suite

First Floor – Apartment 1

Kitchen - 4.06m x 6.18m 

Livingroom - 4.08m x 3.21m 

Bathroom - 2.60m x 2.12m 

Bedroom - 3.23mm x 2.55m 

Second Floor – Apartment 2

Kitchen - 4.06m x 6.18m 

Livingroom - 4.08m x 3.21m 

Bathroom - 2.60m x 2.12m 

Bedroom - 6.26m x 4.86m 

Outside –

The rear of the commercial offers a yard with an additional garage for storage with access onto the bus depot car park.  

Outside – Garage/Shed - 5.41m x 5.23m 

This garage is full wired and plumbed with ample room for delivery storage. 

Total – Circa 223 Sqm / 2,400 Sqft

SALES PRICE

Price On Application (P.O.A)

ACCOUNTS

Business accounts available to interested parties following satisfactory review by CPS of proposed tenant’s financial credentials.

INVENTORY

Inventory list available upon request

LEASE TERMS

Subject to a successful sale of the business only; a new lease would be prepared

RATES

As per the LPS website:

• Raffles, 15 Lower English Street has an NAV of £5,650 rated as a Shop with rates payable for 2023/24 of £3,184.59
• Flat 1 (First Floor) has a CRV of £35,000 with rates payable for 2023/24 of £338.31
• Flat 2 (Second Floor) has a CRV of £55,000 with rates payable for 2023/24 of £531.63

VIEWING INFO

For further information or if you wish to arrange a viewing, please contact our commercial team on