3 Northdown Parade , Prices Avenue

KENT CT92NR


£4,500 per annum PREMIUM: £28,000

Parkers_diner.jpg

Property Features

  • Catering
  • Status: To Let
  • Square Ft.: 309

PREMIUM: £28,000
RENT: £4,500 per annum

LOCATION:

The property is situated in the upper section of Prices Avenue close to the junction with Northdown Road in a small parade of shops. The location is ideal for a café with other coffee shops( including Costa), restaurants and wine bars in the vicinity.

The seafront at Walpole Bay is approximately 800m and the town centre and main beach at Margate approximately 1.5 km distant. On Margate seafront there is the Turner Contemporary Art Gallery and the old town with its restaurants, bars and art galleries.

The lower section of Prices Avenue is a short walk from Dane Park and the rail station at Margate with fast train services to London St.Pancras is approximately 3km distant. There is some on street parking in Prices Avenue and parking bays in Northdown Road(payable).

DESCRIPTION:

The property comprises a well established leasehold café business with a sales area c28.68sqm(309sqft) and 24 covers. The property is a traditional style café which is fully equipped and has serving counter at the rear. There is a kitchen with a double stainless steel sink unit and hot water heater. At the rear of the seating area there is a lobby leading to a toilet.

At the front of the café there is a small forecourt area.

ACCOMMODATION:

(NB: the measurements are approximate only and no services have been tested).

Ground Floor

Café - Gross frontage- 4.30m

Internal width – 4.25m

Depth - 6.75m

Sales Area……….28.68sqm (309sqft)

Single glass shop front, 24 covers, meter cupboard, blind, counter with electric till, fridge, and Lincat hot water dispenser.

Kitchen – 2.80m x 4.32m(max)- L shaped fully equipped with double stainless steel sink, hot water heater, three freezers and 3 fridges. Cooker, double fryer, extractor, 6 microwaves, toaster, toasted sandwich maker and wash hand basin.

Lobby

Toilet – Low level wc and wash hand basin.

LEASE

A new lease at £4,500 per annum would be available terms upon request.

BUSINESS

Well established and further details of turnover would be available upon request.

FIXTURES AND FITTINGS

A list of the fixtures and fittings included in the sale would be available.

PREMIUM

A premium of £28,000 is sought for the leasehold interest, goodwill and fixtures and fittings.

LEGAL COSTS

Each party are to be responsible for their own legal costs in the transaction.

VIEWINGS: Please contact 01843 851000 for more information or LettingsCommercial@milesandbarr.co.uk