FOR SALE- POPULAR NEPALESE RESTAURANT FOR SALE – 33 SACKVILLE ROAD, BEXHILL ON SEA, TN39 3JD

£12000 pa


FOR SALE- POPULAR NEPALESE RESTAURANT FOR SALE – 33 SACKVILLE ROAD, BEXHILL ON SEA, TN39 3JD

Property Description:

DESCRIPTION:

Well located Nepalese Restaurant with 41 covers. The premises consists of a ground floor and basement seating area (27 covers upstairs and 14 downstairs), a bar area in the restaurant on the ground floor, the kitchen and ample storage in the basement. The basement has been fully converted so is completely usable and secure. The Gurkha is well known in Bexhill for its authentic food so has an established client base. All fixtures and fittings will be included in the premium, an inventory is available on request.

LOCATION:

The property is situated on the West side of Sackville Road and is approximately 100m from the De La Warr Pavilion.  The train station is within walking distance and has great transport links to surrounding towns.

AREA & MEASUREMENTS:

All measurements quoted NIA (Net Internal Area, RICS Code of Measuring Practice).

Ground Floor Restaurant & Bar – 9.174 x 4.463m2 = 40.94m2

Kitchen – 6.567 x 9.174 = 60.24m2

Downstairs Seating Area – 3.622 x 4.232 = 15.32m2

USER AND BUSINESS:

The premises are used as a Restaurant and Takeaway known as The Gurkhas and do therefore have usage of A3 and A5 under the Town and Country Planning Use Classes Order 1987.

RATEABLE VALUE:

According to information from the Valuation Office Agency:

The premises has a Rateable Value of £6700 PA. Small Business Relief Rate may be applicable. Applicants should make their own enquiries.

RENT & SALE OF BUSINESS:

The current rent under the Lease is £12,000 and will likely increase in a year’s time.

EPC:

Available on request

COSTS:

An ingoing assignee tenant will be responsible for the following costs:

  1. Reference Fee (£75 per person or company)
  2. Lease assignment costs for Freeholders Solicitor. Estimate to be obtained.
  3. Any other costs arising from the transaction.

LEASE AND TERMS:

The lease of the property is for 16 years from 2008. The current annual rent payable for the premises is £12,000 per annum; a rent review took place on the 24th June 2012 and subsequently every 4 years on that date so the next review will be on the 24th June 2020.

THE BUSINESS:

The business known as The Gurkhas has a well established clientele and is well known in Bexhill for its authentic Nepalese dishes and is currently #5 on Trip Advisor; because of this The Gurkhas is a successful profitable business. A takeaway service is also offer.

THE PREMIUM:

The premium required for the business and all assets including the name and the contents of the property is £35,000.

  • Well known business for sale
  • Fittings and equipment included in premium
  • Town Centre Restaurant

Price: £12000 pa

Availability: For Sale


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