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29 Albion St 383 SF of Assignment Available in Broadstairs CT10 1LU
Assignment Highlights
- Prime Trading Position
- Large Basement Storage Area
- Sea & Garden Views
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 383 SF | Mar 2031 | $52.64 /SF/YR $4.39 /SF/MO $20,160 /YR $1,680 /MO | Fully Repairing & Insuring |
Ground
This lock-up restaurant premises is set within the heart of the towns' prime restaurant trading parade with views overlooking Balmoral Gardens and out to sea. The owners currently operate a long established Spanish tapas restaurant which has been featured in the Good Food Guide, Michelin Guide, Hardens, Square Meal, Daily Telegraph & Sunday Times. The premises also benefits from an on and off-sales license, and would be suitable for an alternative restaurant style or use, subject to landlord's approval or any required consents. The premises currently provides 26 covers, including bar seating. There is also provision for limited outside pavement seating to the front. The property features an impressive fully equipped fitted bar with slate counter-top, a fully equipped kitchen with extraction canopy and a W.C. At lower ground floor level is a large storage area with walk-in fridge and a wine store. The premises are being offered for sale with a lease premium of £90,000 to include all furniture, equipment and fixtures & fittings appertaining to the business. The premises are being offered with the balance of the existing repairing and insuring commercial lease which runs to 2031, with a current rent of £15,100 per annum. A new lease could be available, subject to terms being agreed with the Landlord.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Kitchen
- Common Parts WC Facilities
- Providing 26 Covers
- Fully Equipped Turn Key Business
- Off -Sales License
- Renewable Lease
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
Property Facts
| Total Space Available | 383 SF | Gross Leasable Area | 2,196 SF |
| Property Type | Retail | Year Built | 1969 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 383 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,196 SF |
| Year Built | 1969 |
About the Property
The property comprises a storefront retail building with residential accommodation on the upper floors. The property is located in the heart of Broadstairs.
- Bus Line
- Commuter Rail
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29 Albion St
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