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Fantastic Restaurant Premises Prime Trading Location For Sale

Eastbourne, East Sussex
Asking Price:
Under £50K Furniture / Fixtures included
Sales Revenue:
£481,000
Cash Flow:
Available on request

Very well appointed & impressive premises with vaulted ceiling in a truly prime trading position with superb views. Provides 94 covers (could be 100) + outside patio with 12 covers. Large bar area with 2 hand pumps, well fitted kitchen, ladies & gent's WCs. Current T/O £480,000pa (£9,000-£9,500+pw) as Indian (est 9yrs) from open lunch & evenings in winter, and from 11.30am -10.30pm (midnight at wkends) in summer. Secure renewable 25 yr lease, rent £25,000pa. Highly recommended and ideal for other types of cuisines, if desired. Must be seen to be appreciateD.To view.

Property information

Property:

Leasehold

Lease Terms:

We understand the premises are held on a secure renewable lease for 25 years from 2010 at a rent of £25,000pa, exclusive of rates for the next 2 years with a rent review due then and thereafter every four years. In addition there is a service charge of £13,000pa.

The service charge includes all outside area maintenance, landscape gardening, outside CCTV and security of the common areas, as well as a contribution towards a substantial and professionally organised central marketing & advertising campaign for area.

Leasehold Rent:

£25,000 per annum

Location:

This profitable, well known and long established restaurant business in located in a truly prime trading position. The destination is very well known for restaurants and attracts visitors from all over the area and much further afield.

Premises Details:

The restaurant itself is located on the first floor of the development in a sought-after waterfront position, overlooking a yachting basin, with a superb view of the water, boats and promenade area, and in our opinion the trading position is exceptional.

The restaurant is very spacious and features a high vaulted class ceiling, woodstrip flooring, ceiling and wall lighting and two large air conditioning/heating units. It provides for over 90 covers, which can be increased to 100 if required, with an outside patio area for 12 people.

The large bar has two hand pumps a 3-door glass fronted counter fridge, a stainless steel deep freezer for ice cream, 2 glass fronted wine fridges, computerised till, sink and glass washer.

There are fully tiled ladies and gentlemen's/disabled cloakrooms with WC, hand basins and electric hand dryers.

The kitchen has a non-slip floor and is well equipped with 2 Tandoori ovens, a double deep fryer, 1 12-burner gas cooker with ovens, 1 commercial and 3 domestic microwaves, 2 x 3-door stainless steel counter fridges, 1 walk-in cold room, a double sink and drainer and wash hand basin.

The ground floor storage area has 1 upright double door stainless steel fridge, 1 single door stainless steel chiller etc.

Business Operation

Reasons for selling:

Other unrelated business demands.

Trading hours:

It opens in the winter (October to February) Monday to Saturday from 11.30am to 2.30pm, then from 5.30pm to 10.30pm. Sundays 12 noon to 10.30pm. In the Summer months Sunday to Thursday from 11.30am to 10.30pm; Friday and Saturday 11.30am to 12 midnight.

Years established:
The restaurant has been established as an Indian restaurant for approximately 9 years, and could easily be continued, but in our opinion, particularly in view of the superb trading position, there is potential for other types of cuisine, if desired.

Other Information

Home based:
This business can be run from home.

Contact Information

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