No longer on the market
This property is no longer on the market
Floorplan
MapRestaurant
Restaurant
Features and description
- Licensed Premises for Alcohol
- 50 Seater Restaurant/Cafe
- Recently Refurbished to a High Standard
- Genuine Reason For Sale
Licensed Premises for Alcohol. 50 Seater Restaurant/Cafe. Recently Refurbished to a High Standard. Genuine Reason For Sale.
Description - RENT
£1083 PER CALENDAR MONTH (£13,000 PA) PLUS PREMIUM OF £37,500
LOCATION DESCRIPTION
Located in the High Street in Chatham in an area being boosted by several residential development sits locally. Chatham mainline train station is around 0.3 miles away.
PROPERTY DESCRIPTION
Ground Floor:
Restaurant seating area/counter: 54.95 SqM (591 Sq Ft)
Kitchen: 11.97 SqM (129 Sq Ft)
WC/lobby: 3.76 SqM (40 Sq Ft)
Basement:
Store area: 27.45 SqM (295 Sq Ft)
Office: 4.67 SqM (50 Sq Ft)
AGENT'S NOTE
The seller's premium includes furniture and equipment at the premises. Currently the premises does not open in the evening as the owner is looking to retire, but for the right person, this premises represent a huge potential to increase turnover.
There is also potential to extend the premises seating area into the basement, subject to meeting building regulations.
CURRENT BUSINESS RATES
Figures from the Valuation Office show a current rateable value of £4350 per annum as at September 2021 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Medway Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.
CURRENT CLASS OF BUSINESS USE
The current class of business use is an 'E' Category use. Interested parties are to seek clarification from the local authority.
Description - RENT
£1083 PER CALENDAR MONTH (£13,000 PA) PLUS PREMIUM OF £37,500
LOCATION DESCRIPTION
Located in the High Street in Chatham in an area being boosted by several residential development sits locally. Chatham mainline train station is around 0.3 miles away.
PROPERTY DESCRIPTION
Ground Floor:
Restaurant seating area/counter: 54.95 SqM (591 Sq Ft)
Kitchen: 11.97 SqM (129 Sq Ft)
WC/lobby: 3.76 SqM (40 Sq Ft)
Basement:
Store area: 27.45 SqM (295 Sq Ft)
Office: 4.67 SqM (50 Sq Ft)
AGENT'S NOTE
The seller's premium includes furniture and equipment at the premises. Currently the premises does not open in the evening as the owner is looking to retire, but for the right person, this premises represent a huge potential to increase turnover.
There is also potential to extend the premises seating area into the basement, subject to meeting building regulations.
CURRENT BUSINESS RATES
Figures from the Valuation Office show a current rateable value of £4350 per annum as at September 2021 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Medway Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.
CURRENT CLASS OF BUSINESS USE
The current class of business use is an 'E' Category use. Interested parties are to seek clarification from the local authority.
Property information from this agent
About this agent
Established since 1851 we are an independent, multi-awarding wining estate agent located in North West Kent. We cover residential sales, residential lettings and management, commercial sales and commercial lettings and management in Kent and South London. We are a friendly, NAEA qualified, hard-working team with a wealth of local and up to date market knowledge and we endeavour to provide our clients with a highly professional service. Our transparent service includes No Sale/No Let = No Fee, 100% accompanied viewings, dedicated sales progressor, dedicated lettings property manager and daily rent payments to Landlords. Michael Alan Sears MNAEA MARLA MNAEA (Comm) MNAVA HIDip NDea, Managing Director, says: 'We pride ourselves in being 100% professional in all that we do and I define professionalism as putting our clients' interests before our own'. SEALEYS WALKER JARVIS - PROFESSIONALISM COMES AS STANDARD!