Coastguard Lane, Fairlight, Hastings

£749999

Property Description:

LOCATION
Located in popular Fairlight.

DESCRIPTION
Home & Income with Stunning Views. Occupying an elevated position within the picturesque village of Fairlight on the fringe of a 600 acre Country Park, a rare opportunity has arisen to purchase this substantial property boasting panoramic views to the sea with a generous mix of residential and commercial usage. Currently trading as a successful tea rooms, this is an amazing opportunity for a generous home with a thriving income of approximately circa £200,000 with a healthy profit margin. The location is proven to be a popular destination being ideally located for a healthy trade of customers throughout the year. The ground floor offers over 80 covers located in the tea rooms split between four main areas including a large open tea room, a sea view lounge, a smaller quiet area to the front and a generous outdoor seating area to the front, in addition it offers a functioning commercial kitchen and separate utility room. Unusually generous residential accommodation is found above offering private access, a hallway, feature open plan lounge/diner with a large private balcony with wonderful sea views, fitted kitchen, three well appointed bedrooms, bathroom and a further shower room. A vast cellar is located below the property together with ample parking, integral garage, 16 solar panels, double glazing, gas fired central heating and complimented by beautiful enclosed level gardens to the rear. As appointed agents we considered this to be a fantastic lifestyle opportunity for a home and business with no direct competition in the most stunning of locations.

The business was established in 2008 and has a fantastic reputation with local residents and regular daily visitors resulting in high levels of repeat customers and strong word-of-mouth, this can be seen online among the many full-star reviews on Google and other websites. The current vendor has established a successful business with a turnover of approximately of £200,000 and a very healthy profit margin. There are still numerous ideas to grow the business to an even higher level of turnover, the obvious and easy choice being to extend the outside seating into the rear garden which is at least 80′ in length and would provide a huge amount of extra seating and outdoor opportunities such as a kids play area. The vast basement found below which measures 43′ x 29′ (13.11m x 8.84m) could be converted into further accommodation, holiday let or further commercial usage (subject to the necessary planning consents). The current owner operates business daily between 9am and approximately 6pm, there is an alcohol licence which allows for later opening hours which is something that could be explored and could possibly do very well in the local area. This detail also makes the premises ideal for functions including weddings, birthday parties and wakes. The menu on offer includes breakfasts, lunches, hot and cold snacks, homemade cakes, beverages, ice creams, speciality teas, coffees and gluten free options. The Tea Room also offers a small and profitable sales line with a choice of gifts and souvenirs, knitting wools, craft supplies, accessories and paintings from local artists. This is an area that could also be increased, a proportion of the property could be dedicated to retail sales as there is plenty of overall space and local demand for retail products. The business is operated by the current owner with the assistance of 1 full time member of staff and additional part time staff as and when required. The current owner is planning to retire and take a step back from running a thriving and successful business.

AMENITIES
Popular Local Business
Spacious Three Bedroom Attached House
Large Tea Room with 80 Covers
Large Rear Balcony
Countryside & Sea Views
Beautiful Village Location
Outside Seating Areas
Ample Off Road Parking
Garage, Large Rear Garden

VAT
All prices and rents are quoted exclusive of VAT. Any intending purchaser or lessee must satisfy themselves as to the incidence of VAT in respect of any transaction.

VIEWING
Strictly by appointment through the agents, Meridian Property 01424 863306

Property Type: A1 - High Street


Availability: For Sale

Coastguard Tea Room Coastguard Lane Fairlight Hastings TN35 4AB

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