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Iconic, Famous Hospitality Venue On It’s Own Island! Fantastic Development Opportunity. Sensational Location, Outstanding Business Opportunity In Maidstone For Sale

Maidstone, UK
Asking Price:
£550,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

Island Restaurant & Bar

Yalding, Kent

Offer Over £550,000

Opportunity

Teapot Island is a very well-established hospitality business that

Huge potential to vastly increase the internal capacity and increase trade substantially

The substantial plot offers the opportunity, STPP, to build a separate house or holiday lodges in the garden – further adding to the GDV

Location

‘Teapot Island’ is on the fringe of Yalding, one of the most affluent and desirable villages in this very attractive part of Kent

A destination venue by the river, perfect all events and occasions

Equal distance from Royal Tunbridge Wells & Maidstone

Development

In addition to the existing offering, Teapot Island with it’s unique location could easily be used for functions, events, and or tourist accommodation

Trading hours could easily be extended, doubling the hours of trade

An additional property could be built in the garden, all subject to a successful planning application

Internal Details

The substantial property can either offer a capacity of up to 200 covers,

Or,

There could be a large restaurant offering a capacity of up to 100 with two studio flats for owner or staff

Please see the floorplans for further information

External Details

Substantial beer garden and Children's play area

Sitting on 0.5-acre plot, with a stunning beer garden and riverside views

Large Parish Council carpark adjacent

Please see the aerial photographs

Fixtures & Fittings

All fixtures and fittings not personal to the vendors are included in the sale

All stock is subject to separate negotiation

Financials

Full accounts are available

Tenure

Nationwide Business Sales are delighted to offer this wonderful opportunity to the market at ‘Offers Over £550,000’on a freehold basis

The Island restaurant is also available on a leasehold basis for a premium of £75,000 with a passing rent of £36,000 per annum. Lease term of up to 20 years

Property Information

Property:

Leasehold