Closed Licensed Restaurant in Kent For Sale

Situated in a parade, main road trading position, close to City Centre, KENT

Price £625,000

Features

Freehold Licensed Restaurant (closed)

We understand the property is a Grade II listed building in the region of 1,275 ft². We understand the property was built in approximately 1890 with a large new extension at rear in approximately 2016.

We understand there is a Premises Licence with potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining a Personal Licence.

SPACIOUS SPLIT LEVEL RESTAURANT with quality tiled floor, ceiling with inset lighting. Tables & chairs having space for approximately 60 persons.

Half tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Half tiled disabled cloakroom (at present converted into a small kitchenette)

Stairs to BASEMENT KITCHEN in the region of 375 ft² with qually tiled floor, tiled walls, 4-burner induction hob, 2-deck pizza oven, electric fan assisted oven, single deep fryer, 1 3-door stainless steel counter fridge, 3 stainless steel tables, 1 upright deep freezer, double sink & drainer.

Turnover

AS STATED the restaurant is at present closed, however in our opinion offers terrific potential for development in the right hands.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, all in GOOD CONDITION is at present let on a shorthold tenancy and provides a rental income of £1,650 per month. However, we understand that vacant possession can be given on completion, if desired. The flat comprises:

2 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Large Lounge
Fully fitted kitchen

Outside

Paved patio area. Potential to provide additional seating for approximately 30 persons (weather permitting).
In addition there is a lawned garden

Tenure

FREEHOLD

Business Rates from April 2025 £7,000 approx. (Please contact local authority to confirm)

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, FIXTURES & FITTINGS £625,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 437,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote