EPC Rating D
Situted in a prominent high street position in Hythe, a small town with a high street conisiting of retail shopping, restaurants and cafes, banks and other services associated with towns of this nature.
Hythe is located on the south coast of Kent, 4 miles from Folkestone and 10 Miles South East of Ashford. The M20 motorway can easily be reached from junction 11 and 12 and the Channel Tunnel terminal is in easy reach.
Description
The property comprises an established restaurant on the ground floor with 45 covers and a 3 bedroom flat on the upper floors.
There is a large kitchen to the rear, gas central heating, and a rear yard with parking for one car.
The current licence is for 7 days from 09:00 to 23:00 hours. The business currently trades Tuesday to Friday evenings and Saturday and Sunday for both lunch and dinner.
Accommodation
Approx. Net Internal Area
sq m sq ft
Ground Floor
Retail/Restaurant 55.57 597
Kitchen 13.03 140
Stores 25.79 277
Total 94.39 1,014
Upper Floors
3 bedrooms, living room, bathroom, kitchen
Business Rates
Rateable Value £16,000
UBR (2016/17) 49.7p
Interested parties are advised to confirm these figures with
Shepway District Council.
Services
We understand mains water, drainage and
electricity are connected to the premises.
Business
The business is available for a price of £30,000
which includes fixtures and fittings. A full
inventory is available upon request.
Accounts for the last 3 years are available
upon request.
Genuine reason for selling business.
Terms
The premises are subject to an assignment of
the existing 5 year lease from 1 March 2015 at
an initial rent of £20,800 per annum (no VAT).
Full lease details available upon request.
Legal Costs
Each party to bear their own legal costs.
IMPORTANT NOTICE FROM MOTIS ESTATES
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
