THRIVING BUSINESS FOR SALE: TOWN CENTRE PUB/RESTAURANT WITH ALCOHOL AND MUSIC LICENCES –BEXHILL ON SEA, EAST SUSSEX
Address: Bexhill-on-Sea TN39 3NR, UK
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A well located Pub/Restaurant with the benefit of outside seating areas, car parks and a 64 cover restaurant. The present owner has furnished the property and all stock and equipment will be included in the sale. The property also comprises a 1 bedroom flat available for use by the owner or a member of staff.
The property is on the site of the old Bexhill West Station before it was decommissioned by Lord Beeching in 1964. The ease of parking is a great benefit to the pub in this location.
(BAR & RESTAURANT PREMISES):
Kitchen, stores, wash up room, main bar, dining room, basement cellar and outside seating area
Total Area: 247.30m2 (2661.93 ft2)
First Floor Flat
Living room, bedroom, kitchen and bathroom
Total Area: 26.130m2 (281.260 ft2)
All measurements are quoted on the basis of N.I.A. (R.I.C.S. Code of measuring practice Net Internal Area)
According to the Valuation Office Agency, the premises have a rateable value of £13,750 per annum. The current rates payable from information received are £300 per calendar month, total £3,600 per annum
EPC: EPC rating:
The premises are currently classified as A3 and A4 user under the Town & Country Planning Use Classes Order.
The current lease is for 10 years and will expire on the 31st May 2020. The landlord has indicated that a new lease will be available.
The current rent being paid is £20,000 per annum and this is paid weekly by the present tenant.
PREMIUM/PRICE FOR BUSINESS AND LEASE:
£55,000 including all stocks (Estimated to be between £5,000 – £10,000) Lease of premises (to be assigned) good will and all equipment seen in the property which is all owned by the present tenant (list provided).
Referencing costs for any prospective tenant will be payable by the applicant at a cost of £75 per reference including VAT.
The property is a free house. The current tenant employs 9, all part-time staff, on 16 hours contracts. The restaurant seats 64 diners.
TERMS OF LEASE:
The property is leased on a full repairing and insuring lease and the property is a Grade II listed building.
A buyer of the business will need to become the licensee.
Copies of the lease and of previous years accounts will be available to bonafide enquiries confidentially after proof of a serious interest.
Viewing of the premises will be strictly by appointment though Maltbys Chartered Surveyors, 20 Parkhurst Road, Bexhill-on-Sea, East Sussex, TN40 1DF, and at a time convenient to the present owner.
Telephone: 01424 730678
9 car parking spaces are reserved for this property in the general parking area.
Price: £20000 pa
Availability: To Let
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