Northdown Road, Margate

FULLY FITTED WINE BAR & HOSPITALITY OPPORTUNITY – NEW LEASE AVAILABLE

Description - A venue with personality, an extensive fit-out and the opportunity to make it your own.

Manyweathers is pleased to offer this exciting hospitality opportunity on Northdown Road, Margate. Occupied by Riding Wine Co, the premises combine an inviting bar and customer seating areas with a well-equipped commercial kitchen and supporting cellar facilities.

The landlord has consented to granting a brand-new lease, with the length, rent and other terms to be agreed. This provides an opportunity for an incoming operator to discuss a fresh lease alongside acquiring the agreed fixtures, fittings and equipment.

Whether you are an experienced operator looking for your next venue or a hospitality business seeking a distinctive new home, the premises offer a substantial starting point for your plans.

Extensively Equipped Bar - The supplied inventory includes a 10-tap draught system configured for seven beer taps and three wine taps, with two of the wine taps also capable of serving beer. Associated couplers, cooling equipment and a fitted python system are also listed.

The bar benefits from a substantial counter with storage, a commercial glass washer, wine refrigeration, undercounter display refrigeration and glassware.

For an incoming operator, this equipment provides a valuable foundation when planning the venue’s next chapter.

Commercial Kitchen - The separate commercial kitchen offers stainless steel preparation areas, washing facilities and an extensive range of catering equipment.

The supplied inventory includes:
> Commercial dishwasher and two fitted stainless steel sinks
> Five stainless steel preparation tables
> Upright commercial fridge and refrigerated counter
> Commercial freezer and display fridge
> Three countertop induction hobs
> Dual deep fat fryer
> Commercial recirculation hood
> Dual plancha griddle
> Shelving, cookware, crockery and cutlery

A full inventory is available on request. All inclusions remain subject to the final agreed inventory and sale documentation.

Supporting Facilities - A cellar houses the draught equipment, while further facilities include a customer WC, installed CCTV equipment and electric heaters within the customer seating area.

The inventory also lists outdoor tables and chairs. Any use of outside space is subject to the relevant permissions.

Location - The premises are situated on Northdown Road in Cliftonville, Margate, providing a street-facing setting for a hospitality operator looking to establish their presence in the area.

The frontage offers an opportunity to showcase the venue’s identity, with the interior providing a distinctive setting for customers to meet, eat and drink.

Premium & Lease Terms - An asking premium of £60,000 is sought for the opportunity, including the fixtures, fittings and equipment expressly agreed within the final inventory.

The landlord has consented to granting a brand-new lease. The lease length, rent, review provisions and other terms remain to be agreed and documented.

Rent: £12,000 per annum (£1,000 pcm)

Important Notice From Manyweathers - These particulars are provided as a general guide and do not form part of any contract. Information concerning the premises, proposed lease, outgoings and inventory remains subject to verification. The landlord’s consent to grant a new lease is subject to agreement of terms and completion of legal documentation. Equipment and services have not been tested. Prospective purchasers should satisfy themselves regarding condition, floor areas, asset ownership, business rates, EPC information, permitted use, licensing and lease obligations through inspection and their own professional advisers. No assurance is given regarding trading performance. Photographs show selected areas and items pictured are included only where expressly agreed within the final inventory. All negotiations and viewings are to be arranged through Manyweathers.