No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£75,000
Added > 14 days

Property for sale

Albion Street, Broadstairs, CT10
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Property
0 bed
0 bath

Property description & features

  • Tenure: Leasehold
  • Established Restaurant Premises
  • Providing 26 Covers
  • Fully Equipped Turn Key Business
  • Prime Trading Position
  • Sea & Garden Views
  • Large Basement Storage Area
  • Off Sales Licence
  • Renewable Lease
  • £75,000 Premium
  • £15,100 Per Annum Rental

WELL PRESENTED AND ESTABLISHED RESTAURANT PREMISES LOCATED IN BROADSTAIRS PRIME TRADING POSITION

This lock-up restaurant premises is set within the heart of the towns' prime restaurant trading parade with views overlooking Balmoral Gardens and out to sea. The owners currently operate a long established Spanish tapas restaurant which has been featured in the Good Food Guide, Michelin Guide, Hardens, Square Meal, Daily Telegraph & Sunday Times. The premises also benefits from an on and off-sales licence, and would be suitable for an alternative restaurant style or use, subject to landlord's approval or any required consents.

The premises currently provides 26 covers, including bar seating. There is also provision for limited outside pavement seating to the front. The property features an impressive fully equipped fitted bar with slate counter-top, a fully equipped kitchen with extraction canopy and a W.C. At lower ground floor level is a large storage area with walk-in fridge and a wine store.

The premises are being offered for sale with a lease premium of £75,000 to include all furniture, equipment and fixtures & fittings appertaining to the business. The premises are being offered with the balance of the existing repairing and insuring commercial lease which runs to 2031, with a current rent of £15,100 per annum. A new lease could be available, subject to terms being agreed with the Landlord.



Rooms

Entrance
Via steps up to entrance porch and door to restaurant.

The Restaurant
8.75m x 4.05m narrowing to 3.63m (28' 8" x 13' 4" to 11' 11") Feature front opening window with external canopy and sea views across the pretty Balmoral Gardens. Large feature fitted bar with slate counter-top. Equipment includes a counter-top chilled display unit, large wine rack, glass-washer, 2 x two door and 1 x one door bar bottle fridges, stainless steel sink unit, water-softener and filter, coffee machine and point of sale till. Fitted produce display shelving. There is laminate flooring, feature ceiling panelling with heat and cooling circulation system. Door to lobby and WC. Open service access to kitchen.

Lobby With Coat Storage
Door to W.C.

Unisex & Disabled W.C.
Fitted with low level W.C. and wash hand basin. Extractor. Vinyl flooring.

Kitchen
3.38m x 2.76m (11' 1" x 9' 1") Fully equipped kitchen with a good range of high-end appliances to include: Stainless steel double plancha, induction hot plate, four ring induction hot plate, Falcon Dominator twin basket gas deep fat fryer, stainless steel freezer, turbo fan convection oven, saladette two door fridge, hot cupboard, stainless steel counter with hot top & heat lamps, dishwasher, tall larder fridge, stainless steel sink unit and stainless steel extractor canopy. Stairs leading down to lower ground floor with gas fired boiler.

Storage Area
7.06m x 3.81m (23' 2" x 12' 6") Tiled floor. Walk-in fridge (2.24m x 1.55m) Further equipment to include, electric mixer, liquidizer, dough-mixer, stainless steel larder freezer and two chest freezers. Door to further store room.

Store Room
4.30m x 4.12m (14' 1" x 13' 6") With concrete floor and gas meter.

Lease
The premises are being offered with the balance of the existing 10-year renewable repairing and insuring lease (commenced November 2021), with the rent currently set at £15,100 per annum. A new lease may be available, subject to terms being agreed with the Landlord. Three-yearly Rent Reviews.

Premium
The premises is being offered for sale with a lease premium of £75,000, to include all furniture, equipment, fixtures and fittings appertaining to the business. Plus stock at valuation.

Current Trading Times
Summer opening hours (April to October) 5 -10pm Monday – Friday, 12 – 3 & 5 - 10pm on Saturday, closed Sunday.<br />Winter Opening hours (November to March) 6 – 10pm Tues to Friday, 12 – 3 & 5 -10pm on Saturday. Closed Sunday and Monday.<br />

Building Insurance
The Landlord will insure the premises with the premium recoverable from the tenant. the tenant will be responsible for their own contents insurance.

Business Rates
The current Business Rateable Value is £9,100. This is not the amount payable but the amount against which the current rate is applied. The premises may be exempt from Business Rates depending upon the ingoing tenants circumstances.

Services
The property benefits from mains electricity, gas , water and drainage.

Energy Performance Certificate - Rating 45 - Band B

Property information from this agent

Places of interest

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    Terence Painter Estate Agents is a well-established and fully independent business with experienced staff that excel in proficient property services on the Isle of Thanet and East Kent. We pride ourselves on providing the same high level of service that we would expect to receive ourselves. We take care of all of your property requirements as a highly regarded company backed by many years of experience. At Terence Painter Estate Agents: Your property is offered for sale at our distinctive town centre offices Buyers are offered full-colour property details with external and internal photographs All of our listed properties are promoted on the nation’s busiest property portals Your property is promoted to a worldwide audience on this searchable website We regularly advertise properties in the local press Our ‘For Sale’ boards are both stylish and distinctive We offer free no-obligation market appraisals We offer competitive commission rates and operate a ‘No Sale, No Fee’ Policy We provide full-colour brochures featuring high-quality digital images with in-depth room descriptions and floor plans All viewings are accompanied by one of our experienced property professionals You receive regular, honest, and constructive viewing feedback A swift response to any offers that are received, with your best interests as our top priority Regular and clear updates once your sale has been agreed, so you know exactly what is happening

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.