Restaurant 27, 27a South Parade, Southsea, PO5 2JF | Property for sale | Savills
2,949 sq ft(273.97 sq m)
Price on application

Restaurant 2727a South Parade, Southsea, PO5 2JF

  • Sold
  • Freehold

Key features

  • Freehold restaurant property and award winning business
  • Includes well-presented 3-bedroom owner’s accommodation
  • Located in sought after Southsea neighbourhood
  • Close to Southsea seafront and South Parade Pier
  • Intimate ground floor restaurant area with high-spec trade kitchen
  • Established and profitable business providing platform for new operation if desired
  • Freehold price reduced £595,000

*Freehold Price Reduced £595,000* Fitted restaurant opportunity located in Southsea benefitting from private owner's accommodation.

About this property

  • Description
    The property occupies a corner position at the junction of Clarence Road and Burgoyne Road and is of brick construction with two floors above street level under a mansard roof.

    Restaurant Areas
    The ground floor comprises the main restaurant entrance from Burgoyne Road which leads to a reception and the open plan customer area (providing spacious seating for 34 over 17 tables). The floor is dropped below street level with good floor to ceiling height. Located to the rear is a bar servery and a well-maintained trade kitchen, preparation and storage areas with customer WCs by the entrance.

    Living Accommodation
    Separate self-contained access is provided from Clarence Road. The first floor accommodation was extended around 2012 and finished to a good standard and provides three bedrooms, an open plan kitchenreception with Juliet balcony, a bathroom and a large storage/snug room.

    The Business
    Restaurant 27 was established 12 years ago is a privately owned chef-patron restaurant business. It is Portsmouth’s only 2AA Rosette restaurant and is featured in the Michelin Guide. The owners offer a “Global French” menu providing an intimate dining experience with just 34 covers. There is potential for a new operator to build on the strength of the existing business within a building well suited for a quality hospitality offer (or alternative uses, if desired). Revenue information is available to seriously interested parties. The business is well established and trades in profit.

Local information

  • Restaurant 27 is located in the coastal area of Southsea, 2 miles (3 kms) east of Gunwharf Quays and the historic naval dockyards and a similar distance south east of Portsmouth City Centre. Southsea is a popular resort area benefitting from a long beachfront, seafront gardens, a large common and various amenities around South Parade Pier. The immediate areas above the coastline comprise mainly densely populated residential and commercial properties with a distinct independent feel. To the south is Clarence Esplanade and the beach. The area also benefits from a good number of boutique B&B and Airbnb venues. Southsea is located 22 miles (36 kms) south east of Southampton and 21 miles (33 kms) west of Chichester. The area is administered by Portsmouth City Council. At the 2011 Census, its population was Portsmouth 205,100 (with Southsea 18,514).

Energy performance

C (51)

Available space

Namesq ftsq mAvailability
Ground1,884175.03Sold
1st - Living Accomodation1,06598.94Sold