£65,000
Restaurant for saleCliff Terrace, Margate, Kent CT9
Leasehold
About this property
Full Premises License
Rateable Value: £12,750
Potential Of Up To 60 Covers
Inventory List Included
Outstanding Location
Turnover Available Upon Request
Business for Sale – 19 Cliff Terrace
An excellent opportunity to acquire a fully fitted, turn-key restaurant premises situated at 19 Cliff Terrace, ideal for owner-operators or experienced hospitality businesses looking to establish or expand within a ready-to-trade venue.
The premises benefits from a lease running until 2030, which is inside the Landlord & Tenant Act, providing security of tenure and the right to renew. The lease may continue on a rolling basis under the same terms, and a new lease may also be available subject to agreement with the landlord. The current rent is £1,153.40 per calendar month, increasing annually each May by cpi + 4%.
A significant advantage of the property is the full premises licence, not restricted to restaurant use, offering flexibility for hospitality operators. The licence permits:
Sale of alcohol (on & off licence):
Monday – Thursday: 12:00pm – 9:30pm
Friday: 12:00pm – 11:30pm
Saturday: 9:00am – 11:30pm
Sunday: 9:00am – 9:30pm
The restaurant currently accommodates approximately 40 covers, with potential to expand to around 60 covers through use of the basement space and additional seating.
The premises feature a well-equipped galley-style commercial kitchen with full extraction, including:
- Two 5L fryers
- Six-burner gas hob with oven
- Blue Seal convection oven
- Three-phase power supply available in the kitchen
- Three-door service/preparation fridge
- Pot wash station with commercial dishwasher
- Additional preparation areas with stainless steel work tables
- Upright fridge and freezer plus chest freezer
- The bar and cellar infrastructure is also fully installed, including:
- Four-line beer chiller system
P- ython feed from cellar to bar
- Four-tap beer font with recirculation
- Bar station with glass washer
- Provision for espresso machine
- Hoshizaki ice machine (100kg/day) available by separate negotiation
Additional facilities include a basement office and stock room, connected via Ethernet, providing useful operational and administrative space.
Turnover and operating costs can be made available to genuinely interested parties upon request.
Identification checks
If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete id verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable.
Margate is a fantastic seaside town and contains the areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The energy surrounding Margate is excellent, it holds the likes of a world class Art Gallery, the UK's original pleasure park 'Dreamland', fast Rail links into London and of course not forgetting the stunning sandy beaches and sparkling bays. You are within a 10 minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.
An excellent opportunity to acquire a fully fitted, turn-key restaurant premises situated at 19 Cliff Terrace, ideal for owner-operators or experienced hospitality businesses looking to establish or expand within a ready-to-trade venue.
The premises benefits from a lease running until 2030, which is inside the Landlord & Tenant Act, providing security of tenure and the right to renew. The lease may continue on a rolling basis under the same terms, and a new lease may also be available subject to agreement with the landlord. The current rent is £1,153.40 per calendar month, increasing annually each May by cpi + 4%.
A significant advantage of the property is the full premises licence, not restricted to restaurant use, offering flexibility for hospitality operators. The licence permits:
Sale of alcohol (on & off licence):
Monday – Thursday: 12:00pm – 9:30pm
Friday: 12:00pm – 11:30pm
Saturday: 9:00am – 11:30pm
Sunday: 9:00am – 9:30pm
The restaurant currently accommodates approximately 40 covers, with potential to expand to around 60 covers through use of the basement space and additional seating.
The premises feature a well-equipped galley-style commercial kitchen with full extraction, including:
- Two 5L fryers
- Six-burner gas hob with oven
- Blue Seal convection oven
- Three-phase power supply available in the kitchen
- Three-door service/preparation fridge
- Pot wash station with commercial dishwasher
- Additional preparation areas with stainless steel work tables
- Upright fridge and freezer plus chest freezer
- The bar and cellar infrastructure is also fully installed, including:
- Four-line beer chiller system
P- ython feed from cellar to bar
- Four-tap beer font with recirculation
- Bar station with glass washer
- Provision for espresso machine
- Hoshizaki ice machine (100kg/day) available by separate negotiation
Additional facilities include a basement office and stock room, connected via Ethernet, providing useful operational and administrative space.
Turnover and operating costs can be made available to genuinely interested parties upon request.
Identification checks
If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete id verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable.
Margate is a fantastic seaside town and contains the areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The energy surrounding Margate is excellent, it holds the likes of a world class Art Gallery, the UK's original pleasure park 'Dreamland', fast Rail links into London and of course not forgetting the stunning sandy beaches and sparkling bays. You are within a 10 minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.
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