KENT - MULTI-FACETED TOWN CENTRE BUSINESS
Folkestone, Kent
Ref: 17206
Leasehold £90,000
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Key Features
Location
The Chambers is located in the busy Port Town of Folkestone in Kent. The town lies on the southern edge of the North Downs and has long been an important harbour and shipping port. Folkestone lies approximately 6 miles west of Dover, 14 miles south of Canterbury, 13 miles south east of Ashford. The town is predominately residential, centralised around a well established town centre, housing a number of major retailers including Asda, Boots and Primark in the Bouverie Place Shopping Centre. The town centre is also an attraction to visitors to Kent due to its Creative Quarter (a thriving collection of artists studios and creative businesses), the harbour (a cosmopolitan waterfront area housing bars and restaurants which has been earmarked for further development and investment) and the scenic seafront promenade.
The town is located at the eastern end of the M20 which provides fast access to Ashford, Maidstone and London as well as the M25. Main line railway services are available from both Folkestone West and Folkestone Central stations which provide regular Southeastern services to London Charing Cross and London Bridge, as well as high speed services from Ashford International. Located a short drive from the outskirts of the town is the Channel Tunnel with services to France.
The Chambers occupies a ground floor and basement lock-up venue, boasting a prime position along the busy Sandgate Road in Folkestone's 'West End'. The road houses a number of national and independent businesses and enjoys a strong level of footfall between the coastal hotels and the pedestrianised town centre.
The town is located at the eastern end of the M20 which provides fast access to Ashford, Maidstone and London as well as the M25. Main line railway services are available from both Folkestone West and Folkestone Central stations which provide regular Southeastern services to London Charing Cross and London Bridge, as well as high speed services from Ashford International. Located a short drive from the outskirts of the town is the Channel Tunnel with services to France.
The Chambers occupies a ground floor and basement lock-up venue, boasting a prime position along the busy Sandgate Road in Folkestone's 'West End'. The road houses a number of national and independent businesses and enjoys a strong level of footfall between the coastal hotels and the pedestrianised town centre.
Property
GROUND FLOOR
- COFFEE SHOP/RESTAURANT: A bright and open plan trade space with glass roof retail frontage, presented in a ‘boho chic’ theme. Providing seating for 35. Housing a coffee machine, coffee grinder, cake cabinets and a projection screen. When used for functions this space can hold up to 50.
- GENTLEMEN'S TOILETS
- LADIES' TOILETS
BASEMENT
With its own separate access to the side of the property. Capacity for 180.
- BAR: With stripped wood flooring, wood built BAR SERVERY, seating for 15 and room for more standing.
- MIDDLE/REAR BAR: With seating for 40+ and room for more standing. Housing a SWP, projector with screen, DJ station, disco lighting and air conditioning.
- PERFORMANCE AREA: Utilised for housing bands, however with the potential to seat 30/40.
- BEER CELLAR
- GENTLEMEN'S TOILETS
- LADIES' TOILETS
- OFFICE
- LAUNDRY ROOM
- 3 x STOREROOM
- 2 x CUPBOARD
- LARGE TRADE KITCHEN: With double deep fat fryer, two microwaves, salamander, two 6 burner range cookers, fridges and freezers, dishwasher, pass-through dishwasher and extractor.
EXTERNAL
Pavement seating under retractable awning for 18 - 25
- COFFEE SHOP/RESTAURANT: A bright and open plan trade space with glass roof retail frontage, presented in a ‘boho chic’ theme. Providing seating for 35. Housing a coffee machine, coffee grinder, cake cabinets and a projection screen. When used for functions this space can hold up to 50.
- GENTLEMEN'S TOILETS
- LADIES' TOILETS
BASEMENT
With its own separate access to the side of the property. Capacity for 180.
- BAR: With stripped wood flooring, wood built BAR SERVERY, seating for 15 and room for more standing.
- MIDDLE/REAR BAR: With seating for 40+ and room for more standing. Housing a SWP, projector with screen, DJ station, disco lighting and air conditioning.
- PERFORMANCE AREA: Utilised for housing bands, however with the potential to seat 30/40.
- BEER CELLAR
- GENTLEMEN'S TOILETS
- LADIES' TOILETS
- OFFICE
- LAUNDRY ROOM
- 3 x STOREROOM
- 2 x CUPBOARD
- LARGE TRADE KITCHEN: With double deep fat fryer, two microwaves, salamander, two 6 burner range cookers, fridges and freezers, dishwasher, pass-through dishwasher and extractor.
EXTERNAL
Pavement seating under retractable awning for 18 - 25
The Business
The Chambers is a multi-faceted business which has become well-known and well supported in the Folkestone area over the past 25 years. It is well known for its DJ nights, live music, arts events, open mic nights, film nights, art classes and community events. The business has hosted a range of local, regional and international big names, and is cutting edge in their industry.
The coffee shop and restaurant proves popular during the day, providing a selection of hot and cold drinks, snacks, cakes and an Anglo-Mexican food offering.
Trade profit and loss accounts for the year ending 30th November 2022 show a net turnover of £350,445 and an adjusted net profit of £47,765. Further accounting details can be made available to serious parties after a formal viewing.
The Chambers offers a great opportunity for a first time buyer or an experienced operator alike who could continue to drive this well established and popular business, focusing on increasing turnover by hosting a larger number of ticket based events for big name artists, which have historically and continue to be, sell-out events.
The coffee shop and restaurant proves popular during the day, providing a selection of hot and cold drinks, snacks, cakes and an Anglo-Mexican food offering.
Trade profit and loss accounts for the year ending 30th November 2022 show a net turnover of £350,445 and an adjusted net profit of £47,765. Further accounting details can be made available to serious parties after a formal viewing.
The Chambers offers a great opportunity for a first time buyer or an experienced operator alike who could continue to drive this well established and popular business, focusing on increasing turnover by hosting a larger number of ticket based events for big name artists, which have historically and continue to be, sell-out events.
Tenure
LEASEHOLD £90,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
The Chambers is held on two leases as follows:
- Part repairing and insuring lease agreement from a private landlord for a term of 10 years, having just been renewed. Falling within the security provisions of the Landlord & Tenant Act 1954. Rent is £9,900 per annum. 5 year break clause.
- Part repairing and insuring lease agreement from a private landlord for a term of 10 years, having just been renewed. Falling within the security provisions of the Landlord & Tenant Act 1954. Rent is £29,500 plus VAT per annum. 5 year break clause.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
The Chambers is held on two leases as follows:
- Part repairing and insuring lease agreement from a private landlord for a term of 10 years, having just been renewed. Falling within the security provisions of the Landlord & Tenant Act 1954. Rent is £9,900 per annum. 5 year break clause.
- Part repairing and insuring lease agreement from a private landlord for a term of 10 years, having just been renewed. Falling within the security provisions of the Landlord & Tenant Act 1954. Rent is £29,500 plus VAT per annum. 5 year break clause.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full premises licence is held.
Services
All main services are connected.
Rateable Value as at 01 April 2023: £34,100
Local Authority: Folkestone & Hythe District Council
Rateable Value as at 01 April 2023: £34,100
Local Authority: Folkestone & Hythe District Council
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Enquire about this listing
Robert Cockayne
South East & London
Ref: 17206
