Town Centre Restaurant In Gosport For Sale

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:

New

Lease Terms:

LEASEHOLD - £70,000 to include fixtures and fittings and goodwill. Stock at valuation in addition
TERM - For a term of 6 years, renewable every 6 years
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY - Fully assignable subject to Landlord’s consent
DEPOSIT - The successful applicant will be required to lodge with the freeholder a deposit equivalent to 3 months' rent in advance
RENT - Annual rent £28,000, paid monthly in advance.
RENT REVIEW - Subject to rent reviews every third year of the term
REPAIR LIABILITY - Full repairing and insuring lease agreement
TIE - Free of all trade ties
INSURANCE - The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT - Please note that VAT will be payable on the Premium and rental payments
OPTION - Option to purchase the freehold in the lease

Our client is willing to assist a new leaseholder with a handover period of one to two weeks.

Leasehold Rent:

£28,000 per annum

Living Accommodation:

Private flat consisting of three bedrooms, lounge diner, bathroom and domestic kitchen.

Location:

Bobby’s Italian occupies a prominent trading position near the town centre of Gosport. The property is surrounded by fine period buildings, a number of other hospitality and artisan businesses. It is accessed off Stoke Road which is the main road into the town and known for being the shopping district of the town, just a short walk from the main high street. The area has numerous places to park, including Stoke Road, as well as a short and long stay car park, only a small walk away.

Gosport is situated on a peninsular on the western side of Portsmouth Harbour, opposite the city of Portsmouth, to which it is connected by the Gosport Ferry. Gosport has a rich history linked to the Royal Navy. Today, it is still an important Royal Navy base but includes tourist attractions which illustrate the town’s history, many of which are contained in impressive, historic military buildings. Gosport is also an important sailing haven with a number of marinas. The adjoining areas of Lee-on-the-Solent and Stokes Bay have long beaches and views of the Solent and the Isle of Wight. The area’s relatively flat geography makes it suitable for the serious or leisure cyclist using paths that connect Gosport to surrounding towns and natural landmarks, allowing for exploration of the coast and countryside.

Bobby’s Italian occupies a two-storey property of rendered elevations, under a pitched tiled roof.

Premises Details:

GROUND FLOOR:
FRONT ENTRANCE PORCH from Stoke Road leads into the BAR AREA, presented with original wooden flooring and features a well-appointed dark polished wooden topped BAR SERVERY. The bar area interconnects with the DINING ROOM which has wall panelling, a mural of Venice and a mix of natural wood floorboards and oak effect flooring. The furnishings include traditional natural wood tables and
upholstered chairs as well as booth with the ground floor having a seating capacity of approximately 60 covers.

HALLWAY access from the rear of the property for LADIES’ and GENTLEMEN’S TOILETS.

Open plan THEATRE KITCHEN with nonslip flooring and a comprehensive range of commercial equipment including 12 capacity triple deck pizza oven. DRY GOODS STORE & DRINKS STORE. WASH UP and COLD PREPARATION ROOM are also part of the kitchen area.

OWNERS ACCOMMODATION
Located on the first floor and comprising: Three DOUBLE BEDROOMS with one being currently used as an office, a spacious LOUNGE DINER, BATHROOM with three-piece suite and domestic KITCHEN with white goods and appliances.

EXTERNAL
Accessed via the dining area to the rear of the property is a WALLED PATIO GARDEN to accommodate 25 customers. The garden allows for an el-fresco dining experience and is full of flowers in the summer months. STORE ROOM. Rear access and storage area which adjoins Holly Street.

Other Information

Leasehold asking price:

£70,000 - Furniture / Fixtures included