£50,000

Restaurant for sale

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Business

Offers over

£50,000

(£111.86/sq. ft)

Restaurant for sale

115 Penn Hill Avenue, Poole BH14

447 sq. ft

Local area information

Property location

Nearby amenities

  • Courthill Infant School 0.3 miles
  • Bournemouth Collegiate Preparatory School 0.4 miles
  • Branksome 0.5 miles
  • Parkstone (Dorset) 0.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Fully equipped - kitchen, wine store and additional store
  • Outside seating (south facing)
Location


The Business occupies a sought after location in this established local shopping parade, serving the affluent immediate vicinity of Penn Hill, Branksome Park, Canford Cliffs and Lower Parkstone.

Penn Hill is on a main bus route, enjoys on street parking in adjoining roads and has a number of other established, good quality restaurants, bars and cafes.
Accommodation


Ground Floor

Main Bar / Cafe

Internal width 16' 2”

Depth 27' 6”

Net Floor Area 447 sq ft

Currently set out for a comfortable 34 covers, serve over bar, fully equipped to include Conti Coffee machine, dishwasher, ice machine, under counter refrigeration beer pump / chiller.

Kitchen

86 sq ft with full extraction system, stainless steel worktops, ample refrigeration, griddle deep fat fryer, turbo fan over, double hob and 3 sink units.

Wine Store

44 sq ft with wine coolers.

Cloakroom / WC

Store

127 sq ft with additional refrigeration and freezer

Outside

Forecourt seating (south facing) for additional 16 covers.

One car space to rear
Lease


The premises are currently held on a 6 year full repairing and insuring lease from 25th June 2022 at a current rent of £13,750 per annum exclusive, rising to £14,250 pax from 25th June 2026.

The landlord will grant a further 6 year extension to this lease on expiration, subject to contract and tenant status.

The Business

Established for 2 years
Fully licensed bar / café
Staff – owner, chef and 1 other
First years accounts will be made available to genuine interested parties.
Trading hours –
Wednesday to Saturday 9am 10.30pm
Sunday 9am to 3pm
Price


Offers invited over £50,000 for the lease, goodwill, all fixtures, fittings and equipment, as per inventory to be prepared + sav.

Business rates (source: )

Rateable Value- £12,250
Some small business rates relief will apply, subject to status
Energy performance certificate


Assessment Band D
(Prior to current use and refurbishment)

The full EPC and recommendations report are available on request.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Dorset
  4. Poole
  5. Penn Hill
  6. Penn Hill Avenue

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