SUBSTANTIAL DETACHED RESTAURANT + 2 BED ACCOMMODATION – EAST SUSSEX OFFERS INVITED – OWNER MOTIVATED

Confidential leasehold hospitality opportunity | East Sussex coastal location

A rare opportunity to acquire a substantial detached restaurant premises with 2-bedroom accommodation, extensive internal and external areas, commercial kitchen infrastructure, outdoor dining facilities and significant scope for an experienced operator to develop the site.

OFFERS INVITED – genuine purchasers encouraged to enquire.

The owner is motivated to sell for personal reasons and is prepared to consider sensible proposals from a purchaser who can demonstrate genuine interest and the ability to proceed.

PROPERTY & BUSINESS HIGHLIGHTS

• Substantial detached restaurant premises
• Approximately 70 internal covers
• 30 outdoor covers
• Attractive covered patio
• Large enclosed rear garden
• Spacious restaurant and customer areas
• Fully fitted commercial kitchen
• Commercial extraction
• 3-phase electricity
• Refrigeration and storage facilities
• Separate customer and staff facilities
• Self-contained 2-bedroom accommodation
• Potential additional rental/occupational value
• Approximately £17,000 p.a. rent  Rates payable £3000 per annum
• Lease commencing December 2020
• Seller advises Landlord & Tenant Act 1954 protection
• Lease contains provision relating to subletting of the accommodation, subject to verification
• Existing premises licence
• Significant refurbishment and capital investment undertaken by the current owner
• Substantial site understood to be approximately 4,000 sq ft, subject to verification
• Historic trading performance considerably above the current level
• Potential to re-establish a much stronger trading operation

CURRENT POSITION

The restaurant is currently trading on a very limited basis, with current sales available on request to genuine buyers who register their details with seller’s agent.

This should be considered carefully by prospective purchasers.

The opportunity is therefore particularly suited to an experienced operator, existing restaurant group, investor/operator or entrepreneur capable of rebuilding turnover and exploiting the facilities already in place.

Historically, the business has achieved substantially higher levels of weekly trade, providing an indication of the trading potential previously achieved from the premises.

POTENTIAL FOR A NEW OPERATOR

The premises provide several potential routes for development, subject to the necessary permissions and consents, including:

• Extended opening hours

• Reintroduction/development of alcohol sales

• Delivery and collection

• Takeaway operation

• Private functions and events

• Corporate lunches and catering

• Expanded outdoor dining

• Alternative cuisine or restaurant concept

• Potential ancillary kitchen/cloud-kitchen use

• Income from the accommodation

The combination of a substantial detached building, outdoor areas, commercial kitchen infrastructure, accommodation and relatively low annual rent makes this a considerably different proposition from a conventional small restaurant leasehold.

AN OPPORTUNITY TO ACQUIRE THE INFRASTRUCTURE ALREADY CREATED

The current owner has invested heavily in transforming the premises and has created a professionally fitted hospitality environment.

For an incoming operator, this potentially avoids the substantial expenditure and disruption associated with taking an empty commercial property and undertaking a major restaurant conversion and fit-out.

The purchaser will, however, need to undertake their own assessment of the business, lease, trading history, equipment, planning, licensing and future potential.

OFFERS INVITED

No asking price is being published at this stage.

The owner is motivated to sell and is open to genuine offers from financially capable purchasers.

Proposals will be considered on their individual merits, including price, purchaser experience, funding position and ability to proceed.

STRICTLY CONFIDENTIAL

Interested parties will be asked to register their interest and provide basic purchaser/operator information before detailed information and viewing arrangements are released.

Viewing is strongly recommended.

All turnover figures, measurements, lease provisions, planning matters, licensing and potential uses are subject to verification and satisfactory legal/planning due diligence.