Business Summary

EXCITING CONTEMPORARY ASIAN RESTAURANT WITH OUTSIDE DINING AND GARDENS NOW TAKING OFFERS NEAR CANTERBURY. PROPERTY HAS EXTENSIVE PARKING AND OUTSIDE DINING AND 8 EN-SUITE LETTIJNG ROOMS! SUITABLE FOR ALL TYPES OF CUISINE. Main road frontage of 250 FT (on the A28) from Sturry, which makes the restaurant easy to find. The business offers all guests free Wi-Fi. There is considerable opportunity for an Asian restaurant operator, or other style restaurateur to create a far better opportunity given all the attributes of the sale.

Offering Indian & Bangladeshi cuisine, cooked to order, full restaurant menu, extensive buffet, takeaway and function catering. An extensive property with nearly 2500 sqft restaurant space + 400sqft bathroom and storage facilities on the ground floor. The restaurant has a conservatory style windows offer enlighting dining, nice views and sliding doors opening onto a small terrace, gardens a large pond, grassed children’s play area, with outside table seating. There is parking for 70+ cars. The Spice Master has gained a good reputation for it's traditional yet creative cuisine.

The current owner has owned the business for the last 8 years, and opened the business from scratch, building the conservatory extension, creating extra dining. The business has cover for up to 150 and in addition a good size bar (3 taps) and large takeaway area. The whole ground floor has fitted air conditioning, quality dark wood laminate, contemporary lighting throughout, high ceilings, central heating, point of sale system and cctv. An attractive Bar area with large flat screen TV, leads into the main dining areas.

The kitchen, prep area and rear entrance hallway (nearly 1000 sqft) is large and fully fitted top to bottom with stainless steel sheeting, all commercial appliances, table, warmers, full extraction system, two large burner ranges, fridges, etc. To the rear is dry storage, walk-in cooler and freezers. There is a cellar below, which is used for dry storage, beer delivery and wet stock.

Leading to the first floor is a beautiful solid wood spiral staircase (original feature) where the first floor consists of 6 unsuited double bedrooms, one single bedroom and shared kitchen.

The exterior of the property there is extensive parking which encloses the property on three sides, a central garden area with pond, with children’s play area. There is an assignable lease on offer which has 20 years remaining at £35,000.00 pa, with 5 years reviews. The sales price will include all fixtures and fittings throughout property (extensive), business and goodwill. Stock on day of transfer. Weekly income is approximately £6500.00 +. In addition to the there is rental income and parking rental arrangement, which creates an additional £28,000.00 net. There is scope to increase this to £31,000.00 +, which alone nearly covers the annual lease.

Opening times 12 - 2.30pm, 5.30pm - 11pm.

THIS PROPERTY IS A MUST SEE, AND IS VERY WELL PRICED. THE OWNER IS A SERIOUS SELLER. PLEASE DO NOT CONTACT STAFF AT THE RESTAURANT REGARDING SALE.

CALL TO VIEW ON 01227 807080.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Property Details