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01 April 2018 | Restaurant Mortgages

New tenants for Kent restaurant, Kathton House

Kathton House in the Kent village of Sturry has been purchased with funding secured through specialist commercial finance broker, Christie Finance.



Situated three miles from the City of Canterbury, the 40 cover restaurant benefits from a courtyard area, a charming en suite letting bedroom and three bedroom owner's accommodation. Generating significant interest, the restaurant proved to be the ideal purchase for local first time buyers, Justin Grenham and Corina Andro.

Investor, Syrous Amirpashaie purchased the freehold of Kathton House towards the end of 2017 through Christie & Co and was keen to lease the property. Mr Amirpashaie comments, “I am delighted to have secured new tenants in Justin and Corina in such a short period of time and wish them well in their new venture running Kathton House.
 
First time operators, Justin and Corina comment, “We would like to thank everyone involved for their help in securing Kathton House. We are pleased to be entering into this venture and to have taken over a great team at the restaurant, and we look forward to a long and successful journey.”

Specialist commercial funding was required to facilitate the purchase of Kathton House. Brian Love, Finance Consultant of Christie Finance, who advised and secured leading commercial funding for the new tenants, comments, "It was great to help Justin and Corina find the right funding to acquire their first hospitality business with favourable terms from a well-known High Street lender. The funding market within the hospitality sector can be challenging to navigate, but as a result of our 40 years’ funding experience, we were able to source the right finance for these capable clients.”

James Hughes, Business Agent at Christie & Co’s Maidstone office, who handled the sale comments, “I am delighted to have brokered the sale of Kathton House on behalf of Syrous Amirpashaie and wish both parties all the best for the future. As exemplified by this sale, the market in and around Canterbury continues to remain robust as we see a number of select buyers searching for high quality property in the area and we anticipate this trend to continue throughout 2018.”