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Westcliff On Sea Essex, Long Established Italian Restaurant/trattoria For Sale

Palmeira Arches, UK
Asking Price:
£165,000
Turnover:
Available on request
Net Profit:
Available on request

An elegant and very traditional 65 cover Italian Pasta Restaurant/Trattoria, occupying an elevated position with stunning sea views, and close to the Cliffs Pavilion Hotel. In a total of some 1,100 sq.ft. with fully equipped commercial kitchen and ancillary.

Turnover:
Historic accounts of the business will be shared with interested parties who demonstrate a genuine interest and ability.

Rent:
£33,000 per annum subject to 5 yearly rent reviews.

Business Rates:
The 2017 rating valuation describes the property as Restaurant & Premises with a value of £30,500. After all adjustments and reliefs, the sum currently payable is £738 per month/£8,856 per annum.

The Premises Licence:
This permits the sale of alcohol, for consumption both on and off the premises from 10am until 11pm Monday to Saturday and from 12 noon until 10.30pm on Sundays, with late night refreshments also being permitted for an additional 30 minutes beyond these times.

Equipment:
All trade fixtures fittings and equipment are included in the asking price, a schedule of which will be provided on terms being agreed.

Legal Fees:
Each party is to be responsible for their own legal fees, with the purchaser also being responsible for half of the landlords legal fees.

Stock:
Stock in trade will be valued on completion and paid for by the purchaser.

Property Information

Property:

Leasehold

Location:

Property:
A very elegant Restaurant in a total of approx. 1,100 sq.ft. with an impressive glazed frontage. The majority of the space comprises the dining area, which due to the elevated position, provides stunning views over the Thames Estuary. The dining area has a fully tiled floor and bespoke Bar/Servery, adjoining which are the fully equipped kitchens, ancillary, stores and ladies & gents WC's. The principal areas are fitted with modern air-conditioning units.

Business Operation

Trading hours:

The Restaurant trades evenings only from 5pm till 11pm 7 days a week.

Contact Dedman Property Consultants Ltd

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