Restaurant/cafe for sale in Castle Hill Avenue, Folkestone CT20
![Restaurant/cafe for sale in Castle Hill Avenue, Folkestone](https://lid.zoocdn.com/645/430/95450e2dd0898677edef991a2ef97f19f9820503.jpg)
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Property features
- Leasehold assignment and business fr sale
- Well Established Chinese Restaurant
- Large Restaurant Circa 5,226 Sq. Ft
- Ground Floor Circa: Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
- Retirement Sale
Property description
Property id: Rps-20299
proof of funds required: All interested buyers must be able to provide proof of funds before requesting details and viewing.
Main features
Price Reduced for Quick Sale
Well Established Chinese Restaurant
Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa: Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
Retirement Sale
landlord’s requirements
3-6 Months Rent Deposit Subject to References
Accountant’s references
Trade references
Personal Guarantor Required
Lease details
Lease: Ending November 2029 (Inside the Act of 1954)
Rent: £35,000 pax
Rent Review: Every 4 years
Next Review: November 2025
Premium: £195,000 (Lease, Business & ff&E)
The premises
Large Restaurant Circa 5,226 Sq. Ft
Ground Floor Circa: Circa 2,791 Sq. Ft & Basement: 2,435 Sq. Ft
Rateable Value: 39,750 (Payable Business Rates: £19,825/annum)
Circa 100 Covers Restaurant
Premises License in Place
Large Frontage with High Visibility
The business
The business is currently operated by 8 Full Time and 3 Part Time with Owners
Gross Turnover: We have been informed that the business generates gross revenue of circa £600,000 per annum.
UberEATS and Just eat in place
Trading Lunch & Dinner and Monday Closed
The location
Kent
Local Parade of Shops
Viewings & confidentiality
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
Disclaimer
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Restaurant Property Sellers, W7 on +44 20 8033 3603 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Restaurant Property Sellers, and do not constitute property particulars. Please contact Restaurant Property Sellers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.