***CHAIN FREE***
Rare Opportunity To Purchase A Commercial Property With A Well Established & Renowned Restaurant Business In The West End Of Folkestone Town Centre.
Folkestone estate agents Your Key Move are proud to be able to bring to market this very rare opportunity to purchase a very well respected Italian Restaurant in Folkestone, Kent which has been established for over 25 years and has just had a new long lease put in place.
The reasons for sale is due to retirement of the owners.
So what is on offer here exactly, well first off is the property itself which consists of a perfectly positioned restaurant on the ground floor situated in the vibrant Sandgate high street. The lease on the property has recently been renewed for 20 years (of which 19 years are left) which now creates a very valuable aspect to this going concern. The restaurant is very long in length and features a magnificent Italian bar as you walk in on the righthand side. This straight away sets the scene nicely. There is wonderful hard wearing wooden flooring which flows from the front entrance all the way through the restaurant and beyond into the staff areas behind. To the right there are currently three tables situated for customers adjacent to the bar. This area is slightly segregated off from the main restaurant by an opening which acts perfectly as an open divide from one area to the other.
The main body of the restaurant currently hosts 12 tables with 45 chairs but could accommodate more. There is a great brick arch construction on the far left of the restaurant with a beautiful painted mural inside of an Italian coastline. Behind this is an area for the staff to use as a serving area and a coat store area is situated behind this. To the right is the magnificent pizza area (the start of the open aspect kitchen) which has a marble worktop with glass surrounds and pizza ovens behind. Up above this and stretching from right to left is a traditional trattoria styled tile roof which really does set the scene of this tastefully decorated restaurant.
Behind the pizza area lies the main body of the kitchen, with various stoves, worktops and sinks. This leads through to another section of the kitchen where more sinks and worktops/appliances are situated, perfect for food preparation before service. From the main restaurant a doorway at the back (in-between the coat store and pizza kitchen area) leads right down to the back of the restaurant. There are doors on the lefthand side down this corridor which lead off to an office and several store rooms as well as the female toilets at the far end. On the righthand side several doors lead into the different kitchen areas as well as housing a service hatch in the wall for the waiters to use. Again at the far end there is another toilet for the gentleman to use. A fire escape door in the middle at the end of the corridor takes you to an outside covered area where bins and other essential outdoor items can be stored.
Summary:
This sale is for a profitable established business, a premises with long lease and the adaptability for change of business use if required by the new owner, given that this property is situated in one of the best prime business locations in Folkestone.
Additional:
- Rent - £17,500 per year to the landlord
- Business Rate £840.58 per year
- New Long Lease - 19 years left of the 20 years
- On Street Parking
- Gas Central Heating
- Fully Fitted Kitchen With Appliances
- Seating Capacity 45+
- Turnover approximately £200,000 per year
- EPC B
Distance:
2 min walk to the famous Leas Promenade
5 min walk to the lower Leas and Mermaid Beach, down the zig-zag path
Situated in the Town Centre
2 min walk to the Leas Cliff Hall
10 min walk to the train station (Folkestone Central) with High Speed To London (in under the hour)
5 min walk to the old high street
10 min walk to the magnificent harbour & harbour arm
Situation:
From a location perspective, Sandgate Road is a sought-after West End commercial address as it is situated in the west end of the town centre where historically the best restaurants have been located. The property is positioned within a 15-minute walk to Folkestone West station (with high-speed rail links to London St Pancras) and as we mentioned is situated minutes walk away from the famous Leas promenade as well as the close proximity of Folkestone West train station. Nearby transport links include the Eurotunnel, the M20 and Dover Ferry Port making this property perfectly situated for easy access and parking for visitors to the area as well as for local customers.
Viewings are strictly by appointment and only through Folkestone Estate Agents Your Key Move
*At the time of an offer being accepted on a property marketed by Your Key Move LTD, the purchaser(s) will need to provide documentation in order for us to undertake the necessary identification checks, in order to adhere to our obligation under the Anti Money Laundering Regulations (AML). This is a legal requirement and we will not proceed with a buyer(s) until these checks have been carried out. Your Key Move LTD uses a specialist third party service to verify identities. The cost of these checks is £50 plus VAT per purchase, which has to be paid in advance when an offer is agreed and will be prior to a sales memorandum being issued to solicitors. This fee is non-refundable. Any questions on this should be asked prior to placing an offer.
