The property is prominently located on the south side of Bishopric (Freshwater Parade) one of the principal arterial routes into the town (A281), adjacent to Albion Way and a short walk from the town’s prime shopping area and bus station. On street car parking is permitted closeby.
KEY FEATURES
- Outstanding opportunity - Business for sale
- Offering tremendous scope for further development
- Rear service yard
- One designated parking space
An end of terrace, self contained ground and first floor restaurant/takeaway unit within a three storey block of similar premises.
The ground floor accommodation comprises a good sized takeaway premises with counter, seating for approximately 8 and separate male and female W.C’s.
The first floor accommodation comprises a bar/servery with restaurant seating for approximately 40 covers.
PROPERTY DETAILS
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Ground and First Floor
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1081 sq ft
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(100.43 m2)
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ACCOMMODATION
Ground floor sales: 395 sq ft (36.70 m2)
Kitchen/preparation: 142 sq ft (13.19 m2)
Male and female W.C’s
First floor restaurant: 544 sq ft (50.17 m2)
There is a rear service yard and one designated car parking space.
OPENING HOURS
Monday to Thursday – 7.30 to 23.00 hours
Friday & Saturday – 7.30 to 23.00 hours
Sunday & Bank Holidays – 10 to 22.30 hours
TURNOVER
We are advised that the turnover currently averages between £3,000 and £4,000 per week and in our opinion offers good scope for substantial improvement.
EPC
Where an EPC is not displayed with the marketing details for the subject property, please contact the agent to confirm the current status.
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Ground and First Floor
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To Let: £18,000 pa
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Lease
The premises are held on a lease for a term of 10 years from 24 September 2007. The lease benefits from Security of Tenure.
Rent Review
Rent reviews in June 2012 and March 2017.
Premium
Premium offers invited in the order of £85,000 for this valuable leasehold interest, goodwill, fixtures and fittings (inventory to be compiled). Stock available at valuation.
Business Rates
Rateable Value: £11,600
Rates Payable: £5,220 (2012/13)
Interested parties should verify these figures with Horsham District Council Rates Department on 01403 215100. Transitional Phasing may apply.
VAT
VAT may be applicable on the terms quoted.
Legal Fees
Each party to bear their own legal costs incurred in this transaction.
Viewing Arrangements
Strictly via prior appointment through Agents Graves Jenkins