Lion Street, Rye, East Sussex TN31 7LB
Guide Price £550,000
3 bedroom Property for sale: Lion Street, Rye, East Sussex TN31 7LB
A beautifully presented Grade II listed period property, currently run as a hugely popular Michelin rated 55 cover licensed restaurant, together with spacious living accommodation and a rear garden with additional seating situated in a prime location in the heart of the Ancient Town with good pedestrian flows between the High Street, the cinema and St Mary's Church.
ROOMS 55 Cover restaurant. Fully fitted modern commercial kitchen. Two cloakrooms. Useful cellar/store. Private sitting room. Kitchen/breakfast room. Three bedrooms. Shower room. Gas central heating. Courtyard garden with additional covers. On and off sales licence.&61591;
SITUATION The property occupies a prime trading position in the Conservation Area of the Ancient Town and Cinque Port of Rye. Lion Street is a main pedestrian flow linking the busy High Street with the Kino cinema complex and Parish Church of St Mary, the most popular visitor attraction in the town. Also in close proximity are The George hotel, the 18th century Town Hall with its open arcaded front, and several independent retailers including antiques, antiquarian bookshops, gift shops, home accessories store, gentlemen's outfitters and musical instrument store. Rye is a centre for both day and staying visitors from throughout the United Kingdom and abroad but also serves as a shopping centre for the rural hinterland including the western reaches if Romney Marsh the southern parts of the Isle of Oxney and in a westerly direction towards Battle. The town has an active local community, with the arts being strongly represented; Rye Arts Festival and Rye Jazz Festival are held annually Local train services run from Eastbourne through Rye to Ashford where there are high connections to St. Pancras London in 37 minutes and the Continent via Eurostar.
DESCRIPTION A fine Grade II Listed period building forming part of a medieval hall house, which was reconstructed during the sixteenth century with a jettied front elevation clad in tile hanging with diamond pane leaded light windows and a projecting first floor bay. The property has recently been extended to the rear and benefits from a fully fitted commercial kitchen. The heavily timbered accommodation is arranged over three levels, as shown on the floor plan. The building is well suited for a multi-faceted lifestyle business. A premises licence prevails and the property has A3 consent as defined by the Use Classes Order. The current owners run the premises as an award winning Florentine Osteria specialising in Regional Tuscan food and fine wines.
Business Rates: The property is in an area administered by Rother District Council and we are advised that the current Rateable Value is £12,750. The current multiplier for 2019/20 is 49.1p in the £. The premises is eligible for Small Business Rate Relief. The domestic accommodation is within Band D for Council Tax purposes.
GROUND FLOOR The property is approached form Lion Street via two front doors opening into an open plan restaurant area providing approximately 55 covers with many original features including exposed timber framing, wood floors and brick fireplaces. The fully equipped commercial kitchen has an extensive range of stainless steel fittings and appliances. From the kitchen, steps lead down to a useful wine cellar providing additional dry storage.
Ladies – WC and wash hand basin with disabled access
Gents – WC and wash hand basin with disabled access.
FIRST FLOOR The owner's accommodation has exposed timber framing and is arranged over the first and second floors, providing a well-proportioned sitting room with two sash windows overlooking Lion Street, a well fitted kitchen with an extensive range of cabinets, a large double bedroom, a shower room with modern white fitments comprising a walk in glass shower enclosure, wash basin and close coupled WC and two single bedrooms on the upper floor.
OUTSIDE An enclosed paved garden accessed via glazed double doors from the restaurant with 16 further covers, restricted to lunch times only.
Phillips & Stubbs
Tel: 01797 227338