The Brickfield, Cherry Garden Lane, Folkestone, CT19 4AP

£850,000

Size

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Tenure

Leasehold

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Parking

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Primary use
Restaurant

No floor / site plan

Key features

  • Modern restaurant & bar close M20
  • Bar, restaurant & function suite to seat 230
  • Large staff flat and bedsit above
  • Well placed Channel Tunnel terminal
  • Shares 1.7 acre site with 127-bed Premier Inn
  • Suitable for single or multiple use. Energy Rating B
  • Annual rent: £1
  • Christie & Co Ref: 3868021

Description

Description

Principally detached, mainly single storey building with a link to a recently added bedroom extension.

Location

Folkestone is changing with new visitors attracted to recent additions to this traditional Victorian seaside town including the Goods Yard and Old Town developments. It benefits from High-Speed rail links being 65 miles southeast of London, and access to the Kent coast all of which makes it an expanding residential and commercial centre.

Internal Details

Central entrance and lobby into main trading areas. To one side is a bar area with seating for 100 with part raised section. Centrally placed bar servery leading on to food display area with hot & cold sections. Main dining area in two parts providing a further 190 covers. Adjoining self-contained function suite for 70. Customer toilets to either end.

Ancillary areas
Central kitchens to the rear with access to cold rooms, stores, level cellar, staff areas and delivery.

Fixtures & Fittings

The trade fixtures and fittings are included in the purchase price. Certain items bearing corporate identity, brand name, third-party owned or on the excluded list (see “Terms & Conditions” document) may be removed from the property prior to, or shortly after, completion.

Other Information

Boundary Plans
Restaurant Only Disposal – The plans edged in blue are provided as a guide to Whitbread's property ownership. The boundary edged in red is the demise that will transfer as part of the freehold, long leasehold, or shorter leasehold transaction.
Whole Site Disposal – the plans edged in red are a guide to the property’s boundary only. Please seek your own legal advice in respect to the ownership plan.
Stacked Sites – where the restaurant sits directly below the hotel, the access from the Hotel reception will be closed off, with access directed through the main restaurant entrance.

Service Charge (excluding Whole Sites) The buyer will be expected to pay a service charge, to cover common areas and grounds maintenance and repairs on a proportional basis.

VAT - will be calculated if the property has living accommodation at 90% or 100% if not and will be added to the purchase price. If the transaction is deemed to be a Transfer of a Going Concern (TOGC), VAT will not be payable.

Click Here for Terms and Conditions

External Details

Patio seating area to front for 60 people. Shared carparking with space for over 160 vehicles.The premises currently trade 7-days a week, 6.30am to 11pm Monday to Friday, with 7am opening at the weekends.

Owner's Accommodation

Four-bedroom flat above with lounge, kitchen and bathroom. Separate bedsit.

The Opportunity

Well placed on the northern edge of Folkestone, next to Junction 13 on the M20 and the Channel Tunnel Terminal which carries some 8,000 vehicles a day. Many will use the Premier Inn which is next door.

Staff

The sale is subject to TUPE - Transfer of Undertaking (Protection of Employment), all staff will transfer with the business on completion. Anonymised schedules will be available in the data room for review by qualified parties only.

Trading Hours

The premises currently trade 7-days a week, 6.30am to 11pm Monday to Friday, with 7am opening at the weekends.

Tenure

Held on a long ground lease for a term of 125 years which commenced on 31st March 1994. Peppercorn rent.

Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
Yes
Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: B

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

The Brickfield, Cherry Garden Lane, Folkestone, CT19 4AP

NEAREST STATIONS

National Rail

Folkestone West Station

0.52 miles

National Rail

Folkestone Central Station

0.93 miles

National Rail

Channel Tunnel Terminal Station

1.14 miles

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Disclaimer - Property reference 3868021-lh. 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 Christie & Co, Pubs & Restaurants. 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.