TO LET OR LONG LEASEHOLD SALE: TOWN CENTRE BAR/CAFE WITH ALCOHOL AND MUSIC LICENCE AND OPTIONAL 2 BEDROOM FLAT AT THE REAR.

£10800 pa

Address: Saint Leonards Road, Bexhill-on-Sea TN40 1HP, UK


TO LET OR LONG LEASEHOLD SALE: TOWN CENTRE BAR/CAFE WITH ALCOHOL AND MUSIC LICENCE AND OPTIONAL 2 BEDROOM FLAT AT THE REAR.

Property Description:

  DESCRIPTION: A well located Restaurant / Café / Bar unit which benefits from a double door frontage onto St Leonards Road which is one of the main shopping streets in Bexhill. The property comprises a ground floor shop and basement dance floor. The premises are ideal for any occupier looking for a versatile Restaurant / Café or Bar space within the town centre but would also be suitable for other uses. The lower ground floor property complies with fire regulations. The landlord is currently building a 2 bedroom flat at the rear of the premises which could be negotiated as part of the lease. The property does require some renovation and must meet with the plans that have been produced. LOCATION: 37 St Leonards Road is situated on the north side of St. Leonard’s Road. It is approximately 2 minutes walk from Bexhill’s mainline Station, 50 metres from Sea Road and 0.1 miles from Devonshire Road. There are a number of local and national traders within the immediate vicinity of the property. AREA (SHOP): Ground Floor Area: 20.75m² (371ft²) Basement Area (inclusive of storage, toilets and space for the kitchen): 41.05m² (442ft²)   Total Area: 61.80m² (813ft²) 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 £4,800 per annum. Standard non-domestic rating multiplier 49.3p (2018-2019).   EPC: Will be provided as part of this transaction.   USER: The premises are currently classified as A3 user under the Town & Country Planning Use Classes Order.   LEASE: The lease terms are negotiable however a minimum 5 year lease on full repairing and insuring terms with a proportional contribution to the shared exterior would be applicable. The 2 bedroom flat that is being built at the rear of the premises is not included in the lease but it could be negotiated.  
    RENT: £10,800 per annum payable monthly in advance by standing order.   PURCHASE: The flat which is due to be built and will be for sale at £145,000 (however the landlord would consider a reduction if the buyer wished to convert the flat personally) and the commercial premises at £125,000. The landlord would consider offers for the commercial and residential premises in excess of £260,000.   DEPOSIT: Three months rent deposit, will be required from the start of the Tenancy.   COSTS: The ingoing tenant will be responsible for referencing costs of £75 per person or company and the cost of the lease in the sum of £400 plus VAT.   PREMIUM: There is some equipment available which is negotiable with the landlord. There will be additional costs involved   ALCOHOL LICENCE: Weekdays - drink and music until 11.30pm, Friday, Saturday and bank holiday Sundays until 2.30am. This would need to be reapplied for by the new tenant.   VIEWING: By appointment through owner’s agents: Maltbys Chartered Surveyors, 20 Parkhurst Road, Bexhill-on-Sea, East Sussex, TN40 1DF.   Telephone:         01424 730678 Email:                 Alannah.hunter@maltbys-bexhill.co.uk or Esme.beerbohm@maltbys-bexhill.co.uk   April 2018 Subject to contract.
 


Price: £10800 pa

Availability: To Let


Enquire about this Property:

  • This field is for validation purposes and should be left unchanged.