The Canterbury Tails, a fish & chip restaurant and takeaway situated in the UNESCO World Heritage city of Canterbury, has been sold through specialist business property adviser, Sidney Phillips.
Canterbury is world renowned for its impressive Cathedral, Castle and Medieval Gate Houses. Modern attractions include the Marlowe Theatre, Canterbury Tales and a bustling shopping district. The city is also home to a large student population (in the region of 31,000 students) spread across three Universities. The city acts as a business and shopping hub for those in the East Kent area and is a popular tourist destination throughout the year.
The Canterbury Tails occupies an attractive Grade II listed property located along St Margarets Street, in the heart of the City. The three storey property benefits from high levels of footfall at all times of day, due to its proximity to White Friars Shopping precinct and numerous car parks.
The property has been heavily invested in and is presented to a superb standard incorporating a takeaway area, ground floor restaurant (38) and two first floor dining areas (48-52).
Robert Cockayne, Regional Valuations Manager for the London & South East handled the sale and comments, “The sale of the Canterbury Tails demonstrates the strong demand we are currently seeing for quality business in the Canterbury area. The purchasers in this circumstance have identified the potential to increase trade at the business, and intend to expand on our client’s well-established business”.
Sidney Phillips sold the leasehold interest of the Canterbury Tails off an asking price of £89,000.