An established Restaurant/Café in a prominent location at the sea front, adjacent to the Leisure Centre and close to the Pier and Pier Car Park.
RESTAURANT/CAFE CURRENTLY WITH 29 COVERS
FULLY EQUIPPED KITCHEN WITH STAINLESS STEEL FITTINGS
WC FACILITIES FOR CUSTOMERS & STAFF
COVERED FORECOURT AREA PROVIDING ADDITIONAL SEATING
Location
The Restaurant is located in Undercliff Road West, on Felixstowe sea front adjacent to the Leisure Centre and ½ mile from the main town centre. It is one of a small parade of shops and Take-aways in an established commercial area close to Felixstowe
Pier and the Pier Car Park, and the area benefits significantly from the summer tourist trade.
Felixstowe is a popular East Anglia resort town, having a residential population of approximately 28,000, which increases during the summer season, and is also the UK's largest container port. It is adequately served by rail from Ipswich and the A14 dual
carriageway.
A single storey property occupying a prominent corner site at the bottom of South Hill, with majority glazed display frontage, thoroughly refurbished and modernised interior and exterior, with the restaurant area incorporating counter, separate public and
staff WC facilities, store room, modern fully equipped kitchen and rear yard. There is also a covered forecourt area providing additional seating for visitors.
Restaurant10.25m (33'6) x 3.75m (12'4), currently 29 Covers
LobbyMale & Female WC facilities for customers
LobbyStaff WC facilities
Store Room3.8m (12'6) x 3.4m (11'2) average
Kitchen4.0m (13'2) x 2.75m (9'0) modern stainless steel fittings
Outside
To the front of the Restaurant is a forecourt/outside seating area with a maximum depth of 3.5m (11'6) and there is a secure enclosed yard at the rear, accessed from the kitchen.
The property has a current Rateable Value of £3,600. Rates payable £1,641.60 for 2011/2012.
Note: However the property is currently subject to the Small Business Exemption.
Planning Permission was granted in 1991, Reference C91/1605 for Café/Restaurant usage under Class A3 of the 1987 Use Classes Order, permitting 7 day a week trading with opening hours between 9.00a.m and 11.30p.m. The property is located outside
of the Felixstowe town centre conservation area.
The Corner House was opened in 1992, and was subject to a comprehensive scheme of refurbishment and modernising. The business is owner run by the vendor, together with part time staff, and benefits from a full Justices On Licence, which also allows the consumption
of alcohol on the forecourt to the front and the rear yard area. Gross Income has been declared at approximately £70,000 per annum inclusive of VAT.
The existing 15 year lease, which commenced on the 1st April 2004 is to be assigned. The current rent is £9,000 per annum with a 3 yearly rent review, the next review due in April 2013.
Tenants full repairing and insuring terms. A premium of £55,000 is sought for the business, goodwill, fixtures and fittings and benefit of the lease. VAT not applicable to rent or premium. Each party to bear their own legal costs.
A copy of the Planning Permission documentation and a floor plan of the premises are available for viewing at Bannisters. All enquiries and applications for further information should be made in confidence, quoting reference RWB.