A small restaurant premises situated in a busy retail parade, comprising an open plan front seating area, with 22 covers, and an 'open' kitchen beyond.
There is a side corridor serving a rear WC.
The current license allows opening times between 6.30am to 12.30am.
The sale will include all current fixtures, fittings and equipment (except a few personal items - details on request).
Floor Areas
Restaurant - 22.04 sq m (237 sq ft)
Kitchen - 14.88 sq m (160 sq ft)
Total useable space - 36.92 sq m (397 sq ft)
Tenure
Leasehold.
The salient lease terms are as follows:-
Lease Term - A new lease, effective 27th October 2019, is currently being signed although the salient terms are as below:
Current Rent - Year 1 - £13,000 pa, Year 2 - £14,000 pa, exclusive of all other outgoings and subject to VAT.
Repairs - To keep the internal area in keep in good repair and condition.
Alienation - Ability to assign or underlet the whole premises.
Use - A3 Restaurant or A1 Retail
Price
Offers invited in the region of £30,000 for the leasehold interest, fixture, fittings and equipment.
Business Rates
The rateable value is £16,750. Interested parties should clarify the rates payable directly with the local authority -
Service Charge
Details on application.
Legal Costs
Each party to ultimately be responsible for their own costs, with those of the landlords being shared equally. An abortive undertaking shall be required for all costs from the prospective purchaser / tenant.
Viewing Arrangements
Strictly by appointment and accompanied as the business is trading.
• Subject to contract.
• Subject to receipt of accounts and references.
• A rent deposit may be required.
Property Details
Location: Tunbridge Wells
Description: A fully fitted restaurant lease for sale.
22 covers.
Town centre location.
Size: 397 sq ft
Tenure: Leasehold
Price: Rent - £13,000 pax. Price - Offers in the region of £30,000 for the fixtures, fittings, equipment and leasehold interest.
Rates: RV - £16,750
Service Charge: On application
Terms: Sale of leasehold interest & fixtures, fittings and equipment.
Listed Features
- Restaurant
- Use Class - A1
- Open Plan
- Kitchen
- General Retail