A unique, historic restaurant conversion situated in the village of Lower Upnor, a charming village on the western bank of the River Medway in Kent is now available for sale or lease.
Powder & Magazine occupies a unique former Ministry of Defence mine store, situated in a former Ordnance Yard. It is understood that during World War II the building was used for filling mines with gunpowder before loading back onto naval vessels. The property itself is a single storey brick-built unit under a slate roof and is surrounded by other historic buildings of note including former torpedo stores and bomb shelters. It has been lovingly and extensively renovated and converted into the superbly presented restaurant that we see today.
The restaurant comprises of ground floor and mezzanine trade space providing for 86 covers and retains many original features such as metalwork and hoist system. The property is ready to trade and is presented to a turnkey standard, measuring approximately 2,182 square foot (GIA).
Robert Cockayne of Sidney Phillips’ London & South East office, commented: “Powder & Magazine is a truly exciting venue which creates a great buzz during service. We are of the opinion that the business would well suit a range of cuisines including British, Italian, French, Greek, Turkish, Thai, Chinese or Indian, who can draw in trade from local residents, residents of the Medway towns and local businesses.”
“The property is available off a freehold asking price of £550,000, or alternatively a new and favourable free-of-tie lease.”
For further information about this business for sale and other pubs for sale, please contact Sidney Phillips’ on 01892 725900, by email (southeast@sidneyphillips.co.uk) or click here for more detail.