Most Attractive And Spacious Kent Licensed Restaurant For Sale

Business description

We understand the property was originally built in 1665 and is a Grade II Listed Building.

As will be appreciated upon inspection the property has been totally refurbished and all in excellent condition.

Standing in own grounds of 1/1½ acres providing car parking for 60 cars. Large patio area plus lawned garden.

Previously trading as a Country Freehouse and the premises have a Full On Licence opened by the present owners in December, 2005 as an Indian Restaurant, which could obviously be continued and in our opinion there is terrific potential for other types of cuisine, including Italian and Chinese, if desired.

Air Conditioning. Full Gas Fired Central Heating

Front Entrance to BAR/RECEPTION area with quality amtico floor. Upholstered seating for 20/25 persons plus 3 coffee tables. Attractive and spacious bar, 1 hand pump, 1 double door counter fridge, sink.

Adjoining SPACIOUS RESTAURANT area with quality fully carpeted floor. Attractive tables and chairs providing seating for 90 persons (can be increased to accommodate 110 persons).

COFFEE/RECEPTION area with sink

Fully tiled ladies' cloakroom with 2 w.c's, wash hand basin
Fully tiled gentlemen's cloakroom with 3 urinals, w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease at a rental of £45,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (The vendors are also prepared to grant a shorter lease by negotiation, if desired).

Uniform Business Rates: £6,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED & SPACIOUS LICENSED RESTAURANT IN THIS SOUGHT AFTER KENT LOCALITY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SPACIOUS living accommodation all refurbished to a high standard and with FULL GAS FIRED CENTRAL HEATING, comprises: 5 Double Bedrooms Large Bathroom with bath, w.c. and wash hand basin Separate shower room with shower w.c. and wash hand basin

Location:

Main road trading position sought after Country area, KENT

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £695,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 12 noon - 2 p.m. & 6 p.m. - 11 p.m.
Sunday - Lunchtime - 12 noon - 2.30 p.m. (special menu) - Evenings - 6 p.m. - 10 p.m. (normal menu)

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT