Brighton Office:
01273 70 10 70
Crawley Office:
01293 40 10 40
Brighton Residential:
01273 60 10 60
Haywards Heath:
01444 45 84 44
Business & Lease For Sale: Established Town Centre Restaurant

Leo's Tapas, Unit 1, , Crawley, RH10 1BN

Interested in this property? Call our Crawley Office : 01293 40 10 40

The property is situated in a prominent location on the town centre relief road, towards the southern end of the High Street, close to an Asda Superstore and McDonalds and adjacent to Lemongrass Thai restaurant.

Crawley is a thriving and progressive town situated equi distant between London and Brighton with a current population of approximately 110,000 persons extending to over 160,000 persons within a 10km radius.

Other nearby restaurant occupiers include Chimichanga, ASK, Lemongrass, Wildwood, Prezzo, Mo Lin Chinese Restaurant, Taj Mahal Indian Restaurant, Taormina Italian Restaurant and The George Hotel, Octopus and The Hive Cocktail Bars.

KEY FEATURES

  • Opportunity to acquire established restaurant business
  • Prime town centre location on restaurant/leisure circuit
  • Excellent growth potential

The premises comprise a ground floor lock-up fully fitted restaurant and bar (t/a Leo's Tapas) with approximately 60 covers, well fitted commercial kitchen with ancillary accommodation, situated in a prime High Street location, close to other restaurants, bars etc.

PROPERTY DETAILS

Retail Unit 1625 sq ft (150.97 m2)

ACCOMMODATION

The internal floor area is approximately 1,625 sq ft (151 m2). The unit benefits from an extensive frontage of 58ft (17.68ms).

LEASE

Held on a full repairing and insuring lease to and including 29 July 2030 at a current rent of £35,000 per annum exclusive, subject to 5 yearly rent reviews, the next being due in March 2022.

The lease permits use of the premises as a high quality cafe/restaurant (Class A3).

BUSINESS

A thriving and profitable restaurant and bar business, established 4 years ago with an ever growing reputation and customer base. Turnover and management accounts will be made available to interested parties, following a formal inspection.

TERMS

Available by way of an assignment of the existing lease with the benefit of the existing business, fixtures and fittings etc (if required).

Premium offers invited for the benefit of the valuable lease, business and fixtures & fittings.

PREMISES LICENCE

The existing Premises Licence (Ref: 12/01138/LAPRE) permits the sale of alcohol on the premises Monday to Sunday, 12.00 hours to 23.30 hours and opening hours between 07.00 hours to 00.00 hours Monday to Sunday.

Further details on application.

OPENING HOURS

The current opening hours are:

11.00 hours to 22.00 hours Tuesday to Thursday and Sunday.
11.00 hours to 23.00 hours Friday to Saturday

Scope exists for potential enhancement of turnover by widening the opening hours.

EPC

Rating E-119 - click here to download EPC

Retail Unit £POA

Business Rates

Rateable Value: £32,500
Rates Payable: £15,145 (2017/18)

Interested parties are advised to contact Crawley Borough Council on 01293 438615 or www.crawley.gov.uk to verify this information.

VAT

VAT will be payable 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 Sole Agents Graves Jenkins

CONTACT

David Bessant MRICS
[email protected]


These particulars are believed to be correct but their accuracy is not guaranteed. They do not form any part of any contract. You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement.