Restaurant/cafe for sale in Castle Hill Avenue, Folkestone CT20

Established Chinese Restaurant for Sale in Kent. Circa 5,226 Sq.ft

Main features

Well Established Chinese Restaurant
Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa:Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
Retirement Sale

landlord’s requirements

3-6 Months Rent Deposit Subject to References
Accountant’s references
Trade references
Personal Guarantor Required

Lease details

Lease: Ending November 2029 (Inside the Act of 1954)
Rent: £35,000 pax
Rent Review: Every 4 years
Next Review: November 2025
Premium: £320,000 (Lease, Business & ff&E)

The premises

Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa:Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
Rateable Value: 39,750 (Payable Business Rates: £19,825/annum)
Circa 100 Covers Restaurant
Premises License in Place
Large Frontage with High Visibility

The business

The business is currently operated by 8 Full Time and 3 Part Time with Owners
Gross Turnover: Tbc
UberEATS and Just eat in place
Trading Lunch & Dinner and Monday Closed

The location

Kent
Local Parade of Shops

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

Disclaimer

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.