High Street, Saxmundham, Suffolk, IP17

LOCATION
Saxmundham is a vibrant and expanding market town with a population of almost 5,000 residents, however there is a considerable passing trade. The town has a Coop, Waitrose, Tesco and many attractive independent shop.
There is a Wednesday market and a railway station which provides connecting services to London Liverpool Street station, Norwich, Cambridge and Lowestoft. Attractions in this part of Suffolk include the world famous Snape Maltings Concert Hall which is the home to the Aldeburgh Festival and the attractions of the seaside towns of Aldeburgh and Southwold.

DESCRIPTION
Located in the heart of the town, the ground floor is being run as a restaurant and an art gallery with a delightful suntrap courtyard to the rear
This well presented and popular restaurant was opened by the present owners in 2020, and although the business is thriving and enjoys a strong reputation locally it is time for the business to go to an enthusiastic "Foodie" entrepreneur with more time available to run this popular business.
The property is in the centre of the High Street in Saxmundham, which is approx. 1½ miles off the A12 trunk road and is signposted via the B1121.

INTERNAL DETAILS
The Restaurant:
The premises is accessed directly from the High Street leading to 2 spacious dining rooms which can accommodate 30 diners, there are a further 25 seats in the courtyard to the rear. The restaurant currently operates serving authentic German food and drinks.

LICENCE
The property has a Premises Licence granted by the relevant local authority. It is a requirement of the Licencing Act 2003 that properties retailing alcohol have a designated premises supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take the appropriate specialist advice.

FIRE RISK ASSESSMENT
We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are five or more employees, the property is under enactment of a licence or where an alteration notice has been served.

SERVICES
Mains water, electricity and drainage are available. None of the services, including heating, plumbing or electrical systems (nor appliances) have been tested by the Letting Agents.

LOCAL AUTHORITY
East Suffolk Tel
Rateable Value - £4,800 and qualifies for 100% small Business Rates Relief

EPC
EPC Energy Performance Certificate is Band B (39)

BUSINESS
This well presented and popular restaurant and gallery that currently is open 3 days a week serving German food and drinks. There is huge potential for growing the business by opening more often.

TRADING INFORMATION
Detailed accounts will be made available once a formal viewing has taken place.

STAFF
The business currently has 3 members of staff, operating on a part time basis.

TRADING HOURS
Thursday 10am-5pm
Friday 10am-9pm
Saturday  10am-5pm

PRICE
The owners are seeking £350,000 for the freehold interest of the property (All fixtures, fittings and stock are available by separate negotiation)

LEGAL COSTS
Both parties are to pay their own legal costs incurred in this transaction.

RESIDENTIAL
There is a delightful 2 bedroom flat , arranged over 1st and 2nd floor, with separate rear access. This flat has been let independently as a holiday let, but could readily be used as a beautiful home with a business opportunity below.