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Restaurant/cafe for sale in Milton Road, Gravesend, Kent DA12 - Zoopla

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Restaurant/cafe for sale
Milton Road, Gravesend, Kent DA12
Sold subject to contract
£975,000
 

Description

Description
Freehold

Guide £975,000 to £1,000,000
Location description

Located adjacent to the town’s Clock tower at Berkley Crescent on the busy one-way system around Gravesend town centre is this substantial 80 seater restaurant with bar and substantial cellar storage. Alternative uses under A1 / A2 retail and D1 categories may be entertained, subject to planning.
Property description

Ground floor/basement:
Main restaurant, bar and kitchen: 198.89 SqM (2,141 Sq Ft)
Basement storage: 89.99 SqM (968 Sq Ft)

Residential Accommodation:
2 x 2 bedroom flats and 1 x 1 bedroom flat located on the first floor
2 x 1 bedroom flats located on the second floor

All flats have open plan living room and fitted kitchen, bathroom, full central heating with radiators and video entry phone. 4 flats are vacant and 1 flat is let on assured shorthold tenancy
Exterior description

To the side of the property in The Grove is a large pavement suitable for outside seating (currently used as car parking). Vehicular access is permitted to the rear of the building via an archway for the purposes of loading/unloading.
Current business rates

Figures from the Valuation Office show a current rateable value of £32,250 per annum as at February 2020 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Gravesham Borough Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.
Current class of business use

Interested parties are advised to seek clarification of permitted use from the local authority. View more View less
Sealeys
01474 527868
PROPERTY LISTINGS
1 EPC image available
Brochure - 146 Milton Road

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   STUDENT
UKInternational LOCATION:
ALL Detached Attached Bungalows Park Homes Flats Land Newbuild
KEYWORDS:
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