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Property for sale

Albion Street, Broadstairs, CT10
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Features and description

  • Tenure: Leasehold
  • Restaurant Premises
  • Established Business
  • Providing 34 Covers
  • Prime Trading Position
  • Fully Equipped Turn Key Business
  • Close to Beach, Bars & Car Park
  • £55,000 Premium
  • £10,000 Per Annum Rental

WELL PRESENTED RESTAURANT PREMISES LOCATED IN BROADSTAIRS' PRIME TRADING LOCATION

This lock-up restaurant premises is set within the heart of the towns' prime restaurant trading parade in the heart of Broadstairs and close to the seafront, bars and car park. The established business currently trades as a steak and gourmet burger restaurant, however the premises would be suitable for an alternative restaurant style, subject to Landlord's approval and any required consents.

The premises currently provides 34 covers and features a fitted bar/counter, fully equipped kitchen with extraction system and a unisex W.C.

The business is being offered for sale with a lease premium of £55,000 to include all furniture, equipment and fixtures & fittings appertaining to the business. The premises are being offered with a renewable rolling commercial lease. A new lease could be available, subject to terms being agreed with the Landlord.



Rooms

Restaurant
8.00m x 4.87m (26' 3" x 16' 0") Double fronted bay windows, combination of fitted bench and table seating providing seating for up to 34 persons. Vinyl flooring. Wall and mood lighting. Door heater.

Bar and Drinks Storage Area
Tall double bottled drinks fridge. Counter with two under-counter fridges. Stainless steel sink. Counter-top. Till. Door to W.C. Doorway to kitchen.

Unisex W.C.
Fitted with low level W.C. and wash basin with storage under. Hand dryer. Vinyl flooring.

Kitchen
3.42m x 2.55m (11' 3" x 8' 4") Fitted with large stainless steel extractor canopy, gas cooker, griddle, grill, twin deep-fat fryer, stainless steel counter top and shelving, wash hand basin and larder fridge.

Lobby Area
2.43m x 0.87m (8' 0" x 2' 10")

Store/Boiler Room
2.20m x 1.42m (7' 3" x 4' 8") Wall mounted gas fired boiler.

Preparation, Stores & Washing-Up Room
3.24m x 2.61m (10' 8" x 8' 7") With quarry tiled floor, twin stainless steel sink unit with drainer. Larder fridge and larder freezer. Storage shelves and racking. Stainless steel counter-top.

Lease
The premises are being offered with a rolling renewable repairing and insuring commercial lease, with the rent currently set at £10,000 per annum. We are advised that a new lease could be available, subject to terms being agreed with the Landlord.

Premium
The premises are being offered for sale with a lease premium of £55,000 to include all furniture, equipment and fixtures & fittings appertaining to the business.

Costs & Deposit
The ingoing tenant will be responsible for their own legal costs and the Landlord's reasonable costs where applicable. A Landlord's rent deposit may also be required.

Business Rates
The current Business Rateable Value is £9,500. This is not the amount payable but the amount against which the current rate is applied. The premises may be exempt from paying business rates depending on the ingoing tenants circumstances.

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

Energy Performance Certificate - Rating 49 - B

Property information from this agent

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About this agent

Terence Painter Estate Agents - Broadstairs
Terence Painter Estate Agents - Broadstairs
44 High Street Broadstairs, Kent CT10 1JT
01843 306705
Full profileProperty listings
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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