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Restaurant To Rent - £27,000 pa

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Market square location

Popular steakhouse & rum bar

Restaurant & Bar

65 Covers

Licence for 11 outside tables

Potential to increase business

A turn-key, steakhouse and rum bar restaurant situated in a central Faversham location.

Set within a 3 storey Grade II listed building, right in the heart of the historic market Square of Faversham is this extremely well regarded steakhouse and rum bar.

Now closed permanently, but previously trading Thursday - Sunday to end of June 2019. The restaurant is arranged over 2 floors with a total of 65 Covers inside, plus a pavement licence from Swale Borough Council for a further 11 tables outside. The kitchen and prep areas are located on the first floor and a dumb waiter ensures speed of service. The bar is located centrally on the ground floor and is currently bottles only, but this could be altered by any ingoing tenant, subject to site survey and feasibility. The top floor provides owners/managers accommodation by way of a spacious 1 bed apartment.

A fantastic opportunity for a chef lead first venture or addition to existing portfolio.

The current tenant has 2 years remaining of an original FRI lease for assignment. However, the Landlord has indicated that we would consider a new lease for an incoming tenant subject to status.

We are advised by the current tenant that the Gross TO for last year was c.£187,000

The fixtures and fittings are £15,000 which is not subject to VAT and subject to inventory plus SAV.

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Floor Plan 1

IMPORTANT NOTICE

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.