The currently vacant restaurant offers a light and airy 60 cover dining area, a separate bar area with seating for 10 covers, commercial kitchen, as well as variety of storage areas. The property also benefits from an external seating area with seating for an additional 25 guests to the front of the property, which looks out over the water.
A modern marina village, Hythe Marina was the first of its kind to be built in the UK and houses 206 berths, a variety waterfront homes, as well as a wide selection of local amenities, including bars, cafes, restaurants and shops. The restaurant site historically drew trade from its immediate surroundings, as well as visitors to the stunning waterfront setting and passengers from the regular ferry which runs from Hythe to Southampton.
Richard Wood, Senior Business Agent at Christie & Co is handling the sale and comments, “We look forward to working with the existing tenant to find a new owner, as this is a fantastic and unique opportunity for an experienced operator to acquire a new lease on a large restaurant space in a prominent location with a beautiful waterfront setting. A new owner can hope to benefit from the space’s huge potential, which offers significant scope to increase trade throughout the day and evening.”
The leasehold interest is being sold on a nil premium basis, with a guide rent of £20,000 per annum.