LEASEHOLD SALE ----- SOLE AGENCY

THE 'R'BAR WINDMILL STREET, GRAVESEND, KENT. DA12 1AD

Location: Mid terraced property located in an excellent trading position situated in busy pedestrianised area just of the main Gravesend High Street, a well supported venue offering a lively continental style of party and regular evening musical entertainment to younger clientele. (For more info. Try FACEBOOK R bar Gravesend for customer feed back) These realistically priced premises are well known locally and are currently supervised under management by a multiple operator offering a 'hands on' purchaser an opportunity to further develop the established wet led trade at a very reasonable rent (Food is not offered). Discreet public area viewing during normal hours is recommended. Best approached by all routes to Gravesend Town Centre, the premises are situated a short walk from a large and well signed public car park situated in Parrock Street, walking towards The Woodville Hall Theatre and then right (then straight on) down towards the High Street, the premises are on your right

Trade areas: Main front entrance off the pedestrianised area to a single air conditioned bar with a comfortable and adequate number of table and chairs, a number of high bar stools front the servery over a solid floor, rear central revolving disco light with various beamed lighting effects and good audio facilities together with a number of posters and items of bric a brac enhance the continental atmosphere. Fully equipped and easily supervised servery to the rear with upper level back fitment phased lighting panels. Basement chilled cellar and storage facilities off the main bar area. Rear passage off bar to modern fully tiled internal Ladies and Gents WCs. Further access off rear passage to rear illuminated trade garden area again with that continental feel, this area is fitted with large trade parasols and under cover smokers facilities and a number of tables and chairs as set. The premises are fitted with CCTV, coded access Intruder alarm and GFCH to the public areas. All main utility services are connected

Externally: The premises have the advantage of a pavement licence issued by the local authority for a small number of bistro style tables and chairs to the front

Private Accommodation: Over two floors: Second floor: Large double bedroom. Combined Utility / Storeroom, Bathroom with WC. First floor: Front Lounge (Currently in use as an Office), Kitchen.

Trade: We are reliably informed the average weekly takings on these premises are in the region of £4,861,00 (Net of VAT) indicating an annual turnover of £252.772.00. (Net of VAT) with a gross profit of 59%. Premises are free of tie for wines and spirits and 50% AWP machine profit share is paid to the lessee. The accounts to April 2008 are combined with other outlets operated by the vendor and a separate print out of the trade turnover relating to these premises is available to serious enquirers

Tenure: 18 years fully assignable lease remaining on an original Punch Taverns full repairing and fully Insuring Lease

Rent: Currently £13,800.pa. Including insurance (Net of VAT), next review due 2012. and five yearly thereafter.

Rates: We are advised the current net business rates payable are £5,040.pa.

Licence: Permitted hours Sunday to Thursday 10am to 12.30am. Friday and Saturday, 10am to 1.30am. Provision for DJ operated music within restricted hours applies to the above permitted hours.

Price: Offers to £35,000. will be considered for the unexpired lease to include trade inventory, plus stock and glassware at completion, additional funding will be required for advance rent and legal fees together with some working capital. (Finance is available, subject to status).

Viewing: Discreet viewing of the public areas during normal hours, arrangements to view the accommodation is strictly by appointment through the agency on 01634 254408


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The Agency has prepared the details on information received and believes the details to be correct and verified by the agency as far as it is possible to do so thus complying with the Misrepresentation Act 1967.