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Restaurant for sale

George Street, Hastings, East Sussex, TN34

£675,000

£230.53 per sq ft

Business rates & charges may apply

GPS Commercial, Eastbourne
SIZE AVAILABLE

2,928 sq ft

272 sq m

SECTOR

Restaurant for sale

USE CLASSUse class orders: Class E

E

Key features

  • Food Hall generating high rents
  • Excellent investment opportunity
  • Potential gross rental income of £192,400 per year
  • Sought after Hastings Old Town location
  • Characterful property

Description

The property occupies a prominent position on George Street, widely regarded as the prime commercial thoroughfare within Hastings Old Town. George Street is a vibrant and characterful street, renowned for its independent bars, restaurants, cafés, antique shops and boutique retailers and is a focal point for both local residents and tourists.

The street benefits from consistently high footfall throughout the year, with particularly strong trading during weekends, seasonal events, and peak holiday periods. Hastings Old Town is a well-established visitor destination, supported by nearby attractions including the seafront, Stade area, fishing quarter, and cultural venues. The location has a proven track record for food and beverage operators, underpinning the long-term investment opprtunity.

The Property
The property comprises a ground-floor unit arranged to include:
* Two bar areas
* Large commercial kitchen
* Multiple purpose-built food kiosks with independent plumbing and extraction

The layout is specifically configured to support a multi-operator food and beverage offering.

Income
The property currently produces, or has the potential to produce, the following income:
* Main bar: £1,000 per week
* Main kitchen: £600 per week
* Four food kiosks at £350 per week each (two currently vacant)
* Coffee unit: £200 per week
* Cocktail bar: £300 per week (discounted from £350 per week in consideration of maintenance works undertaken by the occupier)
* Additional unit (currently vacant): marketed at £200 per week

When fully occupied, the property has the potential to generate gross income of approximately £3,700 per week, equivalent to circa £192,400 per annum, with rents inclusive of bills.

George Street, Hastings, East Sussex, TN34

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hastings Station0.6 miles
  • Ore Station0.8 miles
  • St Leonards Warrior Square Station1.3 miles

About GPS Commercial, Eastbourne

25 The Waterfront, Sovereign Harbour, Eastbourne, BN23 5UZ

Helping You Buy and Sell Businesses, Investment Property and Commercial Premises

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Disclaimer - Property reference 31221. 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 GPS Commercial, Eastbourne. 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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