Restaurant/cafe for sale in Portland Road, Worthing BN11

£30,000 (£92.02/sq. ft)
Restaurant/cafe for sale 326 sq. ft*
Interested in this property? Call +44 1903 906549 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location:
The premises are situated in an established trading position within the heart of Worthing town centre and in an area earmarked to be pedestrianised in an exciting scheme to create a 'continental-style' boulevard in 2020. The property is just yards from the town’s main pedestrianised shopping precinct of Montague Street and nearby occupiers include a mix of national and independent retailers, office users and eateries.

Description:
An excellent opportunity to occupy a fully fitted and trading daytime sandwich bar which has been trading for approximately 35 years and in the current ownership for the past 20 years.

Currently serving a menu of sandwiches, light lunches and hot snacks, the business trades all year round between the hours of 7:30am - 4pm Monday to Saturday. The current owner runs the business with the assistance of 1 full-time and 3 part-time members of staff.

The premises, which are presented in good order throughout, comprise an open plan kitchen/serving area with breakfast bar and table seating for approx. 8 covers. There is a small storage/prep area and WC to the rear, whilst externally the premises benefit from outside seating for a further 8 covers.

This is an excellent turnkey opportunity to purchase an extremely well-established and profitable business, and viewing is highly recommended.

Accommodation:
The property has the following approximate gross internal floor areas:

Maximum overall width 10'8
Maximum overall depth 30'10
Approximate area 326 sq ft

tenure/rent:
The premises are available by way of an existing ten year lease from March 2019 at a passing rent of £8,500 per annum. We are advised that the rent is subject to VAT. A full copy of the lease is available to serious applicants upon request.

Premium:
£30,000 (Thirty Thousand Pounds) to purchase the leasehold business to include fixtures and fittings. Full accounting information is available to serious applicants upon request.

Inventory:
A full list of fixture and fittings is available to serious applicants upon request

legal fees:
The incoming tenant is to be responsible for the landlord's legal fees.

EPC:
Copies of the EPC and Recommendation Report are available upon request.

Business rates:
The Rateable Value for the property is £9,000 and therefore an ingoing occupier would likely be subject to Small Business Rate Relief and there would be no rates payable. We would recommend that any interested parties make their own enquiries as to the rates payable with Worthing Borough Council's rates department on .

Viewing:
The shop is busy with customers and staff therefore viewings are strictly by appointment only.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Spratt and Son, BN11 on +44 1903 906549 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Spratt and Son, and do not constitute property particulars. Please contact Spratt and Son for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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