8116L

MODERN, STYLISH & FULLY REFURBISHED TWO STOREY ‘FREE OF TIE’ BAR AND RESTAURANT SUPERBLY SITUATED AT THE ENTRANCE OF THE CAMBERLEY SHOPPING CENTRE, SURREY

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  • Excellent high street position located at the entrance of The Mall, Camberley, Surrey.
  • Superb Ground Floor Bar/Restaurant (circa 80) with tiled flooring, bar server and quality furnishings.
  • 1st Floor Function/Meeting Room (circa 40) with tiled floors and w.c’s.
  • Fantastic covered alfresco seating area with room for 40 covers at the entrance of The Mall.
  • Large Commercial Catering Kitchen.
  • Very beneficial ‘free of tie’ lease with 10 years remaining and a rent of £40,000.
  • We are advised that annualised turnover should be circa £400,000 (incl VAT) with a trade split of 60% wet and 40% food.
A UNIQUE OPPORTUNITY TO ACQUIRE A CENTRALLY LOCATED AND EXTENSIVE BAR/RESTAURANT WITH CONSIDERABLE FOOTFALL


ASKING PRICE £99,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This stylish and modern ‘free of tie’ Bar & Restaurant benefits from an enviable location at the entrance to ‘The Mall’, Obelisk Way, Camberley, Surrey.

Camberley is a popular Surrey town, situated 31 miles southwest of Central London, between the M3 and M4 motorways.

The town lies close to the borders of both Hampshire and Berkshire, the boundaries intersect on the western edge of the town where all three counties converge. It is the main town in the borough of Surrey Heath. Camberley has a population of over 30,000 and has suburbs such as Crawley Hill, Heatherside, Yorktown and Old Dean. This successful business is situated at the entrance to ‘The Mall’ Shopping Centre, which was built around the Main Square and benefits from shops such as House of Fraser and Boots.

THE PROPERTY

This superbly presented Restaurant and Bar is a 2 storey brick built building situated on Obelisk Way, Camberley, Surrey.

The Main Entrance has a very contemporary feel and complements the business superbly.

The Ground Floor Bar & Restaurant (circa 80) is a very well presented area offering tiled flooring, bar server and high quality fixtures and fittings. This area has been completely refurbished to a very high standard.

The 1st Floor Function/Meeting Room (circa 40) is in keeping with the Restaurant offering tiled floors and w.c’s.

Ladies and Gents W.C’s.

There is a small area for storage of Beer Barrels, Office and Dry Store.

Located on the 1st Floor is a substantial Commercial Catering Kitchen with stainless steel appliances (not tested) and surfaces along with a Walk In Fridge and Freezers.

OWNERS ACCOMMODATION

There is no owner’s accommodation within this property.

EXTERNAL

This business offers a wonderful Covered Alfresco Dining Area (circa 40) to the front of the property, located close to the entrance of ‘The Mall’ Shopping Centre.

TRADING HOURS

We are advised that the business trades with the benefit of the premises licence (not seen) which permits the sale of alcohol during the hours of:

Sun – Thursday 9am – 11pm

Fri – Sat 9am - Midnight

Current opening hours:

Mon – Sat Midday – 11pm

Sunday 1pm – 6pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 10 years remaining of this private ‘free of tie’ full repairing and insuring agreement. We are informed that the rent is currently £40,000 per annum with the next rent review due in 2023. There is a service charge of £9,360 per annum. We are advised that the restaurant benefits from all mains services with mains gas supplying the gas central heating (no services seen or tested). Business rates are advised as currently being approx. £23,000 payable per annum.

THE BUSINESS

The current owners have owned the business since 2003 and following a complete refurbishment in June 2017, the business has been rebranded as a stylish Bar & Restaurant. New owner operators will benefit from excellent fixtures and fittings and a growing business since the refurb. This offers an ideal opportunity for enthusiastic owner operators to acquire a unique high street property in an excellent location. We are advised that the turnover for y/e 06/18 is circa £400,000 (inc vat) with a trade split of 50% wet and 50% food trade

Accounting information will be made available to interested parties after viewing. This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014. Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.

Details Prepared: July 2018

ADDITIONAL IMAGES

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