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Restaurant For Sale 15 Marine Parade West, Lee-on-the-Solent, PO13 9LW

  • Size:
    4,229 sq ft / 393 sq m
  • Usage:
    A3, A5
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Restaurants
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

The subject premises situated on a level plot adjacent to the Solent Beach Path running along the front of the property.
The premises comprise a panorama lounge which is used for weddings and functions and can seat up to 180 people. The structure comprises glazing all the way around with retractable roof blinds revealing more glazing.

Centrally located to the site is the main restaurant, which is of a conventional brick and block construction under a tile pitched roof, this houses the main restaurant area which can seat up to 80 people, along with kitchens and WC facilities. Again there is a panoramic element to this building fronting the beach-front. This building leads on to the kiosk and further kitchen areas which serves ice creams and drinks. Again this is a traditional build of brick and block construction under a tile pitched roof.

To the front of the site is a large terrace which can increase seat capacity by a further 120 people. To the rear of the site there are out-buildings used for storage, along with an office.

Viewings
Strictly by appointment with the sole agent.

Terms
Available on the remainder of a long leasehold interest of 99 years from 16th January 2007 at a rent of 5% of net takings or a minimum of £10,000 per annum.
Please note that the property is available as a going concern, a full list of equipment and accounts is available upon request.

Other Costs
Each party to be responsible for their own legal costs incurred in the transaction.

Business Rates
Rateable value £14,250
You are advised to confirm the rates payable with the local council before making a commitment.

The subject premises is situated in the outstanding location on Lee-on-the-Solent waterfront with fantastic views over the Solent and beyond.
The premises themselves are situated on the waterfront adjacent to the Solent Beach Path and can be accessed off Marine Parade West and adjacent to Osborne Road.

The pricing is unfortunately not available for this property online. Please submit your details using the form below and the agent will contact you to discuss this further.

 

Contact Holloway Iliffe & Mitchell

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