FOR SALE- BUSY AND POPULAR RESTAURANT/CAFÉ BUSINESS
Address: Saint Leonards Road, Bexhill-on-Sea TN40 1HP, UK
Well located restaurant premises having an anodised aluminium modern shop front and door leading into an open plan restaurant with 52 covers. The kitchen is situated in an open plan hatch style with bar counter in front of it towards the rear of the premises. There is a garden seating area of approximately 285 Square Feet with approximately 6 tables. There is a basement which is full head height and provides additional storage space. The business has been in operation for approximately 10 years and is exceptionally well thought of with local cliental (see further information below).
The property is situated on the North side of St Leonards Road. It is approximately 500 metres from Bexhill station to the North and the seafront to the South. There are a number of well established local traders in the immediate vicinity of the property.
AREA & MEASUREMENTS:
All measurements quoted NIA (Net Internal Area, RICS Code of Measuring Practice).
Frontage: 4.469m (13.64 Feet)
Main Shop, Kitchen and Seating Area: 80.893 SqM (870 SqFt)
Garden Seating Area: 26.481 SqM (285 SqFt).
Total Basement Area in various divisions: 37.348 SqM (402 SqFt)
USER AND BUSINESS:
The premises are used as a restaurant known as Sadie’s and do therefore have A3 use together with Take- Away of A5 under the Town and Country Planning Use Classes Order 1987.
According to information from the Valuation Office Agency:
The premises has a Rateable Value of £8000 PA. Standard Non- Domestic Rating Multiplier 50.3p in the pounds one. Small Business Relief Rate may be applicable. Applicants should make their own enquiries.
The current rent under the Lease is £10,000 PA payable Quarterly in advance. These payments are due on the usual quarter days.
An EPC is available; please apply to Agents for copy of the certificate.
Filepath: global/3commercial/bexhill/St Leonards Rd/ 31
An ingoing assignee tenant will be responsible for the following costs:
- Reference Fee (£75 per person or company)
- Lease assignment costs for Freeholders Solicitor. Estimate to be obtained.
- Any other costs arising from the transaction.
LEASE AND TERMS:
The lease of the property is for 10 years from February 2007.
The Landlord will be prepared to grant a new lease and will review the rent. Applicants should apply to the Agents for the Terms of the new Lease.
The business of Sadie’s café has been run by the present owner who has created an extremely efficient and profitable business. Turnover and other figures will be available to bonafide applicants who indicate their ability to proceed to the Agents.
The premium required for the business and all assets including the name and the contents of the property is £80,000.
Strictly by appointment through Owners Agents
Maltbys Chartered Surveyors,
20 Parkhurst Road, Bexhill-on-Sea, TN40 1DF
Tel: 01424 730678
Price: £10000 pa
Availability: Under Offer
Enquire about this Property: