LEASEHOLD RESTAURANT/COFFEE SHOP PREMISES (currently TRADING AS THAI RESTAURANT)

  • Price: £110,000
  • Leasehold Price: £110,000
Faversham, Kent, England
Seller Ref:C1043
For Sale

LEASEHOLD RESTAURANT/COFFEE SHOP PREMISES (currently TRADING AS THAI RESTAURANT)

Faversham, Kent, England
Seller Ref:C1043
  • Price: £110,000
  • Leasehold Price: £110,000

Overview

Seller Ref: C1043

Description

PRIME LOCATION IN TOWN CENTRE
IDEAL ANY CATERING USE
30 COVERS
LARGE SELF CONTAINED 2 BED FLAT ABOVE

LOCATION
These well appointed premises occupy a coveted trading position fronting a busy main Street in the centre of Faversham, serving a densely populated residential area. 5,000 new homes are currently under construction nearby which will, in no doubt increase trade.

BUSINESS
This is a well established concern which has been in the present hands for some 3.5 years and which is now only reluctantly being marketed as a result of the Vendors wish to retire. The premises currently trade as a thai restaurant but would be ideal for a tea rooms/coffee shop or upmarket bar.

TURNOVER
£3,000 PWK @ 65% GP. (on 3 days pwk trading)

HOURS
5.00pm to 11.00pm – Thurs to Sat only

PREMISES
Grade II listed, single fronted premises with single entrance to: Restaurant/Café area: Recently refurbished throughout. Bar Counter, till. 30 Covers. Further seating area which lends itself to a prep kitchen. Customer W.C. Basement Area:

TENURE
New 15 year lease RENT – £25,500 PA (5 year reviews)

EPC RATING
Not required

BUSINESS RATES
£2,300 P.A (Payable)

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

Listed By:

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