14 Sea Road
Address: Sea Road, Bexhill-on-Sea TN40 1ED, UK
DESCRIPTION: An unusual opportunity to acquire an established business retailing in household and garden goods alongside a cafe with an alcohol license that has now expired but has been suspended until a new tenant takes over the license. The property comprises a shop floor in 2 sections with a large archway between them. There is a customer WC and a kitchen at the rear. The property also comes with a large garden currently used for customer seating and retail of garden items.
LOCATION: This property is situated on the west side of Sea Road, close to the junction with Endwell Road, approximately 50M from Bexhill Station. The property is located on the eastern edge of the town centre, close to residential areas on the eastern side of Bexhill, the sea front, and well known De La Warr Pavilion.
Shop: Front Shop: 6.1M x 4.5M; Rear Shop 3.7M x 3.5M; Rear Kitchen Area 4.2M x 3.2M. Total area of retail premises 53.84SqM (580 SqFt)
The business is trading under an A1 & A3 planning permission.
According to the Valuation Office Agency, the premises have a rateable value of £6,400 per annum. Standing non-domestic rating multiplier at 49.3p (2015-2016). This would make the rates payable approximately £3155 though small business rate relief may be available.
The property is available by way of a new lease on full repairing and insuring terms, contributing 100% of the maintenance internally and externally of the ground floor premises, together with fair proportion of the insurance premium for the entire property and of the upkeep of the roof, main walls, gutters, rainwater pipes and foundations and any other parts of the property used in common. The landlord would consider surrendering the lease and granting a new one if the terms were right.
PREMIUM: The business is for sale with a new Lease, the kitchen and cafe equipment and the good will of the business for £5,000
RENT: £8,000 Per annum payable monthly in advance which includes water and sewerage. The rent will increase to £9,000 when the lease is renewed.
DEPOSIT: Three months rent deposit will be required.
EPC: Will be provided as per statutory requirements.
COSTS: The tenant will be responsible for a contribution to the cost of the lease, being £350 plus VAT (£420). Referencing fees of £60 including VAT per tenant/guarantor
VAT: Not applicable to this transaction.
Price: £8,000 pa
Availability: To Let
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