Commercial property for sale in Albion Street, Broadstairs CT10

£55,000
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Commercial property for sale
Tenure: Leasehold Service charge: Not available Time remaining on lease: Not available Council tax band: Not available Ground rent: Not available

Property features

  • Restaurant Premises
  • Established Business
  • Providing 48 Covers
  • Fully Equipped Turn Key Business
  • Prime Trading Position
  • Courtyard Garden Area
  • Two Parking Spaces Included

Property description

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. The established business currently trades as a smoke-house restaurant, however the premises would be suitable for alternative restaurant style or use, subject to Landlord's approval or any required consents.

The premises currently provides 48 covers and features a fitted bar, fully equipped kitchen with extraction system and ladies and gents W.C.s. There is a small courtyard garden area located at the rear which can be utilised as additional outside dining. Also located to the rear are two allocated parking spaces, which are included within the lease and rent.

The premises 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 the balance of the existing re-newable repairing and insuring commercial lease, with the rent currently set at £12,000 per annum. A new lease would be available, subject to terms being agreed with the Landlord.

Restaurant Premises

Restaurant
10.780m x 3.960m (35' 4" x 13' 0") With inset open entrance porch and glazed frontage. Laminate flooring, recessed lighting, smoke detectors, attractive range of fitted wall mirrors. Mixture of fitted bench seating and tables & chairs providing 48 covers. Open serving hatch to the kitchen and open to the bar.

Bar & Storage Area
5.830m x 1.950m (19' 2" x 6' 5") With fitted lower and upper counters. Range of drinks fridges, fitted shelves and television to remain. Open to storage area with further fridges and freezer.

Kitchen
5.060m x 2.330m (16' 7" x 7' 8") Fitted with range of open shelves, stainless steel extractor canopy, electric oven, griddle, double fryer, fridges and freezers, microwaves. Electric water heater. Twin stainless steel sink units and separate wash hand basin. Stainless steel covered serving counter open to the restaurant with lighting over. Tiled floor.

Rear Lobby
Rear lobby and W.C.s measuring 5.170m x 2.650m (17' 0" x 8' 8") incorporating Ladies & Gents W.C.s and store cupboard. Door to rear courtyard.

Gents W.C.
With tiled floor, low level W.C. And wash hand basin.

Ladies W.C.
With tiled floor, low level W.C. And wash hand basin and baby changing area.

Courtyard
3.210m x 2.870m (10' 6" x 9' 5") Decked seating area with access and steps leading to car park.

Parking
Private car park with two allocated parking spaces, which are included within the rent.

Lease
The premises are being offered with the balance of the existing re-newable repairing and insuring commercial lease, with the rent currently set at £12,000 per annum. A new lease would be available, subject to terms being agreed with the Landlord, which may include the Landlord's reasonable legal costs..

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

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

Business Rates
The current Business Rateable Value is £10,750. 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 on the ingoing tenants circumstances.

Services
The property benefits from mains electricity, water & drainage. Gas is not currently in use however we are advised that it does run to the property.

Planning
All planning enquiries should be made to Thanet District Council Planning Department on or

Energy Performance Certificate
The premises have been rated with a Commercial Energy Efficiency Rating of 79 - Band C.

Property info

Floorplan(s): Floorplan 1

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Terence Painter, CT10 on +44 1843 306256 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Terence Painter, and do not constitute property particulars. Please contact Terence Painter for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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