Summary - 29 Albion Street,BROADSTAIRS,CT10 1LX CT10 1LU
1 bed 1 bath Restaurant
**Standout Features:**
- Established, fully equipped restaurant with a 26-cover capacity.
- Prime location with stunning sea and garden views.
- Large basement storage area with walk-in fridge.
- Includes off-sales license; adaptable for various cuisines or business types.
- Leasehold with 8 years remaining; well-known Spanish tapas restaurant with accolades.
- Competitive lease premium of £75,000 and annual rent of £15,100.
**Potential Concerns:**
- Lease length may limit financing options with some lenders.
- High crime rate in the area.
- Broadband speeds are slow.
This prime restaurant space in Broadstairs offers an exceptional opportunity for investors or restaurateurs seeking a turnkey business with an established reputation. Nestled within a bustling eating district, this Georgian-style property boasts picturesque views of Balmoral Gardens and the sea, providing an inviting atmosphere for customers while supporting various dining concepts given its off-sales license. The well-appointed main restaurant area features a large bar, a fully equipped kitchen with high-end appliances, and ample seating for 26 guests. A substantial basement adds valuable storage capacity, including a walk-in fridge, catering to operational needs.
Despite the unique charm and potential of this location, prospective buyers should be mindful of the remaining lease term, which might impact financing options. The restaurant is ideally suited for those ready to build on its award-winning history, but interested parties should act swiftly, as opportunities like this, combined with a desirable location, do not last long in the market!
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