King Street, Gillingham, ME7

For Sale - £495,000

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  • TWO STOREY RESTAURANT PLUS LOWER GROUND FLOOR
  • 1ST FLOOR WOULD CONVERT TO RESI (STPP)
  • GROUND & LOWER GROUND FLOOR CIRCA 2,100 sq ft
  • FIRST FLOOR CIRCA 885 sq ft
  • BUST TRADING POSITION IN TOWN CENTRE

LOCATION:
Gillingham is a densely populated town which together with Strood, Rochester and Chatham form the Medway towns conurbation.
The area enjoys good road links with easy access to both the A2 and M2. Gillingham has its own mainline train station with a journey time into London St Pancras of approximately 45 minutes and London Victoria around 55 minutes.
The subject property is located in the centre of Gillingham on King Street which connects with the busy High Street. Opposite is Wilkinson's and Sports Direct.

DESCRIPTION:
A fairly sizeable end terrace building arranged over ground, lower ground and first floor levels.

At the time of our inspection we were informed that the restaurant had traded for over 25 years as the Beijing Inn and recently closed due to personal circumstances.

INTERNAL DETAILS:

GROUND FLOOR
Entrance into an open plan restaurant area of approximately 62 square meters / 667 square feet and which provides seating for around 50 persons and incorporates a bar area. To the left are stairs down to the lower ground floor. Behind the public area is a small preparation room of 7 square meters / 75 square feet. From hear there are stairs up to the first floor, door to a staff toilet, a fire exit and a door to the fitted commercial kitchen. The kitchen is 31 square meters / 333 square feet.

LOWER GROUND FLOOR
The lower ground floor is accessed from the main restaurant area and is circa 95 square meters / 1,022 square feet. The area provides additional seating, storage and customer toilets.

FIRST FLOOR
The first floor which is circa 82 square meters / 885 square feet has its own self-contained access at the front of the building and in our opinion would convert to residential accommodation (STPP).
The configuration is currently 6 rooms, a kitchen and bathroom.

TENURE:
We understand the building is freehold.

EPC:
The premises has an EPC rating of D - 90.

RATES:
We understand that the rateable value is £20,750 per annum.

LEGAL FEES:
Each party are to be responsible for their own legal costs

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.