Restaurant for sale

East Parade, Hastings, East Sussex, TN34

£450,000

Property Description

Key features

  • Chain Free
  • 70+ Seater Restaurant
  • Prime Seafront Location
  • 3 Bedroom Flat Above

Full description

Tenure: Freehold

OFFERED FOR SALE EITHER AS A FREEHOLD INTEREST OR ON A LONG LEASE, THE REGAL PROVIDES SEATING FOR OVER 70 CUSTOMERS IN A PRIME SEAFRONT LOCATION AND HAS THE ADDED BENEFIT OF A SPACIOUS TWO BED MAISONETTE ABOVE.

GOODWILL, FIXTURES AND EQUIPMENT INCLUDED.

SITUATED: Located on the Hastings Old Town seafront, a perfect spot for the walk-in tourist trade on the main access road to the Old Town. Many of the town's attractions are within a short walk including the Hastings Pier, Jerwood Gallery, East Hill Country Park and all the arcade attractions on the promenade. Hastings Old Town continues to have visiting consumers from Brighton and London to compliment the daily local trade. The area offers repeated business through local events, including the Hastings half marathon, May Day Bank Holiday, Old Town carnival week, Seafood & Wine festival and Hastings week and Hastings bonfire.

THE REGAL RESTAURANT:

Trip Advisor 4.5 / 5 Rating

https://www.tripadvisor.co.uk/Restaurant_Review-g186274-d2660967-Reviews-The_Regal_Restaurant-Hastings_East_Sussex_England.html

With space for 76 covers split over two floors, the restaurant offers traditional seafront meals using fresh fish from the local fish mongers. The restaurant has a well-equipped kitchen with side access and customers toilets upstairs. The Business is run by the owners with the assistance of part time staff. Currently the business trades seven days per week during the summer months, potentially the restaurant could be open all year round.

THE TWO BEDROOM FLAT:

An ideal space for owners or managers to reside with two double bedrooms split over two floors. Stunning sea views out of the front bedroom and reception room. The residence has gas central heating throughout.

GROUND FLOOR


RESTAURANT: 37`6 x 11`8 (11.43m x 3.57m). Tables and chairs, single glazed casement windows to the left and right-hand side, several ceiling and wall lights, carpeted throughout, small bar area with several shelving units and draught beer pump.

KITCHEN: 18`7 x 13`3 (5.55m x 4.04m). Tiled flooring, several commercial kitchen units including a fridge/freezer, access to the side of the property through the kitchen.


FIRST FLOOR

SECOND DINING AREA: 18`11 x 13`5 (3.57m x 4.09m). Carpet floor tiles throughout, storage cupboard, serving lift hatch. Space for a further

MALE AND FEMALE W. Cs

RESIDENTIAL ACCOMMODATION: Gas central heating throughout, laminate wood effect flooring.

PROPOSED KITCHEN: 11`2 x 9`10 (3.40m x 3.00m)

RECEPTION ROOM: 16`1 x 12`9 (4.90m x 3.89m). Wood effect laminate flooring throughout, windows to the front aspect with sea views.



SECOND FLOOR

BEDROOM 1: 15`10 x 12`10 (4.83m x 3.91m). Wood effect laminate flooring throughout, period sash window overlooking front aspect with sea views,

UTILITY ROOM AND STUDY: 13`4 x 8`3 (4.06m x 2.52m). Worcester combi boiler, windows to both side aspects, access to loft.

BATHROOM: Wood effect laminate flooring throughout, suite comprising panelled bath tub with electric shower above, pedestal hand basin, low level W.C., built in storage with immersion tank, tiled splashback surround, further access to loft.

Rear of property landing area with windows to rear aspect.

BEDROOM 2: 13`4 x 11`4 (4.06m x 3.45m). Views of the sea through a single glazed casement window

RATES: The rateable value is 12,500 and we estimate that the rates payable are 970 per year if the buyer qualifies for small Business rates relief.


PRICE . 450,000 . FREEHOLD

NEW LEASE . 80,000 / 17,000 p.a


VIEWING BY APPOINTMENT WITH JOHN BRAY & SONS, HASTINGS, 01424 421544

Note: These details are issued on the understanding that all negotiations are conducted through John Bray & Sons. They do not constitute an offer or form part of a contract and whilst they are believed to be correct all statements are made without responsibility on the part of the agents or the vendor. Neither vendor nor agent make or give representation or warranty whatever in relation to this property. Services, Heating and Appliances described have not been tested by the Agent. You may store and use the material for your own personal use. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the company's express prior written consent. The owners copyright remains on all reproductions of material taken.


Nearest stations

  • Hastings (0.6 mi)
  • Ore (0.8 mi)
  • St Leonards Warrior Square (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Bray & Sons, Hastings

72 High Street, Hastings, TN34 3EL

01424 578011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans

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Master Floorplan Image
Master Floorplan Image

To view this property or request more details, contact:

John Bray & Sons, Hastings

72 High Street, Hastings, TN34 3EL

01424 578011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Hastings (0.6 mi)
  • Ore (0.8 mi)
  • St Leonards Warrior Square (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Bray & Sons, Hastings

72 High Street, Hastings, TN34 3EL

01424 578011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference TRREP000121. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Bray & Sons, Hastings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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