RESTAURANT INVESTMENT FOR SALE PRODUCING £25,000 P.A OFFERS REGION £500,000 FREEHOLD

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RESTAURANT INVESTMENT FOR SALE PRODUCING £25,000 P.A  OFFERS REGION £500,000 FREEHOLD

DIRECTIONS

Proceeding northwards from Reigate through Lower Kingswood along the A217, turn right at the Tadworth roundabout down to Kingswood Village and the property is next to the Kingswood Arms.

LOCATION

The property adjoins The Kingswood Arms P.H. opposite open land close to Kingswood Station and within half a mile of the A217 Brighton Road. Kingswood is an affluent village between Epsom, Sutton and Reigate and about four miles from access onto the M25 at the top of Reigate Hill (junction 8).

DESCRIPTION

A mainly single storey flat roofed frontage building opened as a restaurant in 2003 with two floor rear section incorporating ground floor kitchen and first floor office and staff room. The restaurant is well equipped with sliding glazed doors to front and side elevations, circular front counter, air conditioning, inset lighting and separate gents and ladies WCs. There are about 60 internal covers and the fenced and decked outside area offers about 30 covers.

ACCOMMODATION

All measurements approximate, the accommodation comprises:

Restaurant: 28’ x 54’11” – 1539’
Separate gents & ladies WCs —
Kitchen: 30’7” x 15’1”. Access to yard – 461’
Store: 11’ x 6’10” – 75’
Internal staircase up to:-
First floor staff room: 12’3” x 8’3” – 101’
First floor office: 12’4” x 6’6” – 80’
Separate WC —
________

NET INTERNAL AREA 2256 sq ft (209.59m²)

RATING

RV £51,500 UBR 51.2 p in the £ 2021/2022.
Reigate & Banstead Borough Council Tel: 01737 276691.

LEASE TERMS

The premises are let on a 20 year FRI lease from 19th December 2016 inside the 1954 Act with five yearly rent reviews to No 12 Waterhouse Ltd. The lessee is entitled to sublet or assign the lease as a whole but not part.

LEGAL COSTS

Each side to be responsible for its own legal costs in the transaction.

PRICE GUIDE

Offers in the region of £500,000. Freehold.

VIEWING

By prior appointment with our office. Tel: 01737 245886 (ref MS).

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