Property Details: • Type: 2,153 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • New FR&I Lease Offered • Sea-Front Location • Well-Established Business • Turnover on Request

Location: • Nearest Station: Margate Station • Distance to Station: 0.4 miles

Agent Information: • Address: 1 The Links, Herne Bay, Kent, CT6 7GQ

Full Description: Miles & Barr Commercial are delighted to offer onto the market this well established, large restaurant and bar in one of Margate’s most prominent locations.The restaurant currently benefits from long term regulars and tourists being within walking distance of the beach, Dreamland amusement park, the high street, art galleries and close to the heart of Margate’s rejuvenated, bristling old town, now home to new businesses, restaurants, and bars.Having been family run for decades, the restaurant has gained a loyal clientele who have enjoyed the authentic dishes and entertainment on offer, alongside a fully licensed bar offering wines, spirits, beers, and cocktails.The landlord is now looking to move onto there next venture and is prepared to sell the business premium for a POA. The premium payable is for a totally rewired, fully furnished, contemporary restaurant and commercial kitchen.A favourable new lease will be offered for the existing viable business, that has room to operate on many more days and nights.TURNOVER: Available on requestNET PROFIT: Available on requestLOCATIONSeafront location, Margate, KentKnown throughout the world, Margate is a town on England’s southeast coast. It’s known for its sandy beach and themodern Turner Contemporary art gallery.TENUREThe restaurant is available on a new FR & I lease with terms negotiable with the landlord.Commercial Leasing Fees:An administration fee of £300+VAT is payable to Miles & Barr Property Management Ltd when leasing a Commercial property.Identification checks Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr; they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. | We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.  Main Restaurant Area 143 Sqm Restaurant Kitchen 57 Sqm W.Cs Male & Female Toilets