This property is not currently available. It may be sold or temporarily removed from the market.
High Street, Sittingbourne
£850,000
Property Features
- Currently Trading As "The Tacos Locos" Restaurant In Prime Location
- Approximately 3,588 Sq Ft with an 80+ seater restaurant over 2 Floors
- Completely Refurbished In 2017
- Seller May Entertain Sale Of Business Only With Lease
Property Summary
Charles Louis Commercial Agents are delighted to be working in partnership with Sealeys Walker Jarvis (Kent) as Joint Sole Selling Agents, handling the sale for our mutual clients.
The freehold and the business are for sale at £850,000.
Alternatively, the seller will entertain the sale of the business only at £150,000 with a 20 year lease granted at a current rent of £45,000 per annum.
Ground Floor:
Main Restaurant Seating Area: Approximately 886 Sq Ft incorporating bar and large feature arched window.
Rest of Ground Floor: Approximately 818 Sq Ft incorporating a large galleried feature staircase to the first floor, gents WCs', ladies WC's, internal corridor with stairs to kitchen, office and room housing a walk-in chiller and freezer room.
First Floor:
Upstairs Restaurant Seating Area: Approximately 974 Sq Ft incorporating a bar, bar seating area with central feature fireplace.
Stairs and Landing: Approximately 158 Sq Ft large feature galleried landing and stairs to ground floor.
Kitchen: Approximately 399 Sq Ft incorporating full extraction systems, rooflight and stairs to ground floor.
Cellar: Approximately 353 Sq Ft incorporating stairs to ground floor.
Current Class of Business Use
The current class of business use is an 'E' Category Use.
Interested parties are to seek clarification from the local authority.
Current Business Rates
Figures from the Valuation Office show a current rateable value of £TBC per annum as of May 2022 which normally means an amount payable of between 40-50% of this figure. Please check with the relevant authority which is Swale Borough Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.
The freehold and the business are for sale at £850,000.
Alternatively, the seller will entertain the sale of the business only at £150,000 with a 20 year lease granted at a current rent of £45,000 per annum.
Ground Floor:
Main Restaurant Seating Area: Approximately 886 Sq Ft incorporating bar and large feature arched window.
Rest of Ground Floor: Approximately 818 Sq Ft incorporating a large galleried feature staircase to the first floor, gents WCs', ladies WC's, internal corridor with stairs to kitchen, office and room housing a walk-in chiller and freezer room.
First Floor:
Upstairs Restaurant Seating Area: Approximately 974 Sq Ft incorporating a bar, bar seating area with central feature fireplace.
Stairs and Landing: Approximately 158 Sq Ft large feature galleried landing and stairs to ground floor.
Kitchen: Approximately 399 Sq Ft incorporating full extraction systems, rooflight and stairs to ground floor.
Cellar: Approximately 353 Sq Ft incorporating stairs to ground floor.
Current Class of Business Use
The current class of business use is an 'E' Category Use.
Interested parties are to seek clarification from the local authority.
Current Business Rates
Figures from the Valuation Office show a current rateable value of £TBC per annum as of May 2022 which normally means an amount payable of between 40-50% of this figure. Please check with the relevant authority which is Swale Borough Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.
Full Details
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