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Restaurant And Flat Hampshire For Sale

Milford on Sea, Hampshire, UK
Asking Price:
£59,950 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Features
Goadsby Commercial present established 36 cover restaurant in affluent coastal village. Fully fitted and equipped to a high standard. Low overheads – ideal first time buyer opportunity. Well suited for owner operator – could suit various cuisines. Includes one bedroom owners flat.

Location
Central Milford on Sea – opposite the village green. Lymington approx. 4 miles. New milton approx. 4 miles. Christchurch approx. 9½ miles.

Summary of accommodation
Restaurant (up to 36 covers). Cloakrooms. Kitchen. Owners accommodation comprising Lounge, Bedroom, Bathroom and Kitchen.

Description
Wooden laminated floor, tables and chairs suitable for up to 36 covers, above door air curtain heater, electric wall heaters, ceiling fans, banquette seating, coffee area and waiters station, fridge, bar servery with sink unit, glass washer, 2 double glass fronted chiller display cabinets. Through into ladies and gents cloakrooms. Kitchen with non slip floor, nespresso coffee machine, chiller counter unit, microwave, hot cupboard, fridge, 4 burner gas range with oven under, 6 burner gas range with oven under, extensive extraction system, double deep fat fryer, stainless steel wash up, deep bowl stainless steel sink unit, commercial dishwasher, deep stainless steel sink unit, freezer, vacuum pack machine, water bath. The first floor owners accommodation comprises a lounge, double bedroom, bathroom and fitted kitchen. 2 wine fridges at the top of the stairs. Outside the premises is a garden and lock up store room with 4 fridges, a blast chiller, a small freezer and chest freezer.

Trading & business
The business currently operates as a “modern British restaurant” and the turnover in the year ending 31st May 2018 was £280,698 excluding VAT. Further accounts can be made available to genuinely interested purchasers.

Licences/permissions
We are informed that the property holds a premises licence granted by New Forest District Council. The licensing act 2003 states that properties serving alcohol have a designated premises supervisor who must hold a personal licence. We suggest that all purchasers take appropriate professional advice. We have not had sight of this licensing documentation.

Tenure
Leasehold. The owners inform us that there are approximately 6 years remaining from an original 10 year lease, at a current rent of £15,500 per annum. We have not had sight of this lease documentation.

Property Information

Property:

Leasehold

Lease Terms:

LEASEHOLD. The owners inform us that there are approximately 6 years remaining from an original 10 year lease, at a current rent of £15,500 per annum. We have not had sight of this lease documentation.

Leasehold Rent:

£15,500 per annum

Living Accommodation:

Restaurant (up to 36 covers). Cloakrooms. Kitchen. Owners Accommodation comprising Lounge, Bedroom, Bathroom and Kitchen.

Location:

Central Milford on Sea – opposite the Village Green. Lymington approx. 4 miles. New Milton approx. 4 miles. Christchurch approx. 9½ miles.

Premises Details:

Restaurant (up to 36 covers). Cloakrooms. Kitchen. Owners Accommodation comprising Lounge, Bedroom, Bathroom and Kitchen.

Energy Performance Rating:
C

Contact Information

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