Marine Gardens, Margate, CT9

Miles & Barr Commercial are delighted to offer onto the market this well established, large restaurant and bar in one of Margate’s most prominent locations.

The restaurant currently benefits from long term regulars and tourists being within walking distance of the beach, Dreamland amusement park, the high street, art galleries and close to the heart of Margate’s rejuvenated, bristling old town, now home to new businesses, restaurants, and bars.

Having been family run for decades, the restaurant has gained a loyal clientele who have enjoyed the authentic dishes and entertainment on offer, alongside a fully licensed bar offering wines, spirits, beers, and cocktails.

The landlord is now looking to move onto there next venture and is prepared to sell the business premium for a POA. The premium payable is for a totally rewired, fully furnished, contemporary restaurant and commercial kitchen.

A favourable new lease will be offered for the existing viable business, that has room to operate on many more days and nights.

TURNOVER: Available on request

NET PROFIT: Available on request

LOCATION

Seafront location, Margate, Kent

Known throughout the world, Margate is a town on England’s southeast coast. It’s known for its sandy beach and the

modern Turner Contemporary art gallery.

TENURE

The restaurant is available on a new FR & I lease with terms negotiable with the landlord.

Commercial Leasing Fees:

An administration fee of £300+VAT is payable to Miles & Barr Property Management Ltd when leasing a Commercial property.

Identification checks 

Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr; they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. | We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances. 

Main Restaurant Area

143 Sqm

Restaurant Kitchen

57 Sqm

W.Cs

Male & Female Toilets