THRIVING BUSINESS FOR SALE: TOWN CENTRE PUB/RESTAURANT WITH ALCOHOL AND MUSIC LICENCES –BEXHILL ON SEA, EAST SUSSEX

£20000 pa

Address: Bexhill-on-Sea TN39 3NR, UK


THRIVING BUSINESS FOR SALE: TOWN CENTRE PUB/RESTAURANT WITH ALCOHOL AND MUSIC LICENCES –BEXHILL ON SEA, EAST SUSSEX

Property Description:

DESCRIPTION:

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.

 

LOCATION:

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.

 

AREA:

(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)

 

RATEABLE VALUE:

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:

 

USER:

The premises are currently classified as A3 and A4 user under the Town & Country Planning Use Classes Order.

 

LEASE:

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.

 

RENT:

The current rent being paid is £20,000 per annum and this is paid weekly by the present tenant.

 

CAR PARKING:

 

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).

 

COSTS:

Referencing costs for any prospective tenant will be payable by the applicant at a cost of £75 per reference including VAT.

 

TRADE:

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.

 

LICENSEE:

A buyer of the business will need to become the licensee.

 

CONFIDENTIAL INFORMATION:

Copies of the lease and of previous years accounts will be available to bonafide enquiries confidentially after proof of a serious interest.

 

VIEWING:

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

Email:                 lettings@maltbys-bexhill.co.uk

9 car parking spaces are reserved for this property in the general parking area.


Price: £20000 pa

Availability: To Let


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