icons_size_white icons_size

AGENT'S DETAILS


15 Marine Parade West

For sale: £1,250,000.00|4229 Sq Ft|General Retail, Leisure Property, Other, Retail, Licensed & Leisure, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£1,250,000.00
SIZE4229 Sq Ft
ADDRESS15 Marine Parade West, Lee-on-the-Solent, PO13 9LW
TYPEGeneral Retail, Leisure Property, Other, Retail, Licensed & Leisure, Other Property Types & Opportunities
TENUREFor Sale Leasehold
POSTED ON16th June 2020

DESCRIPTION

Key Points

  • Beach front restaurant/wedding venue
  • Fantastic position overlooking the Solent
  • Opportunities to increase business revenue
  • Current trading business
  • Fully equipped
  • Summary

    Unique Business Opportunity

    Description

    The subject premises situated on a level plot adjacent to the Solent Beach Path running along the front of the property. The premises comprise a panorama lounge which is used for weddings and functions and can seat up to 180 people. The structure comprises glazing all the way around with retractable roof blinds revealing more glazing. Centrally located to the site is the main restaurant, which is of a conventional brick and block construction under a tile pitched roof, this houses the main restaurant area which can seat up to 80 people, along with kitchens and WC facilities. Again there is a panoramic element to this building fronting the beach-front. This building leads on to the kiosk and further kitchen areas which serves ice creams and drinks. Again this is a traditional build of brick and block construction under a tile pitched roof. To the front of the site is a large terrace which can increase seat capacity by a further 120 people. To the rear of the site there are out-buildings used for storage, along with an office.

    Viewings

    Strictly by appointment with the sole agent.

    Location

    The subject premises is situated in the outstanding location on Lee-on-the-Solent waterfront with fantastic views over the Solent and beyond. The premises themselves are situated on the waterfront adjacent to the Solent Beach Path and can be accessed off Marine Parade West and adjacent to Osborne Road.

    Terms

    Available on the remainder of a long leasehold interest of 99 years from 16th January 2007 at a rent of 5% of net takings or a minimum of £10,000 per annum. Please note that the property is available as a going concern, a full list of equipment and accounts is available upon request.

    Promo

    Strictly confidential-staff unaware

    Other Costs

    Each party to be responsible for their own legal costs incurred in the transaction.

    Business Rates

    Rateable value £14,250 You are advised to confirm the rates payable with the local council before making a commitment.

    LOCATION

    Location: 15 Marine Parade West, Lee-on-the-Solent, PO13 9LW

    Fareham (3.4 miles)

    Portsmouth Harbour (4.4 miles)

    Portchester (4.7 miles)

    close
    What do you think of our website?
    Complete our survey and
    you could win £1000
    Start here