Restaurant/cafe for sale in High Street, Crowborough TN6

Fixed price £275,000 (£178.57/sq. ft)
Restaurant/cafe for sale 1,540 sq. ft*

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1A Belmont Buildings, High Street, Crowborough, East Sussex Tn6 2Qb

Interested in this property? Call +44 20 3641 9157 * or Request Details

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

Property features

  • Freehold Restaurant with Ancillary Accommodation​
  • Comprises Ground Floor Restaurant with Ancillary Accommodation at first floor
  • Rent Reviews 2023 and every fifth year thereafter​
  • VAT is applicable to this property​
  • Occupiers close by Boots, Santander, NatWest, Barclays, wh Smith, amongst others

Property description

Investment Consideration:​
Gross Initial Yield: 5.82%​
Rental Income: £16,000 p.a. ​
VAT is applicable to this property​.
Rent Reviews 2023 and every fifth year thereafter​.
The property is arranged as a Ground Floor Restaurant with internal access to Ancillary Accommodation at first floor level.
Entire property let to Sefa Karatay t/a Hattusa as a Turkish Restaurant on a lease expiring in 2038 (No Breaks).​
Occupiers close by Boots, Santander, NatWest, Barclays, wh Smith, amongst others. ​

Property Description:​
​A mid terraced building comprising a Ground Floor Restaurant with internal access to Ancillary Accommodation at first floor level. There may be potential to convert the first floor to Residential Use under Permitted Development similar to other units in the parade, subject to obtaining possession and the necessary consents. There is already an external fire escape staircase at the rear which leads out on to the High Street.

Tenancy:​
​The entire property is let on a full repairing and insuring lease to Sefa Karatay t/a Hattusa as a Turkish Restaurant for a term of 20 years from 4th September 2018 at a current rent of £16,000 per annum exclusive. Rent Reviews 2023 and every fifth year thereafter. There is a £4,000 Rent Deposit held.​ Hattusa has 5 branches including two in Sevenoaks, one in Tunbridge Wells and one in Tonbridge: Visit www.hattusa.co.uk​

Location:​
​Located in Crowborough town centre adjacent to Morrisons and The Original Factory Shop, close to WHSmith, Santander, Boots Pharmacy, Costa Coffee and a host of local traders. Crowborough lies approx. 21 miles north east of Brighton, 24 miles south of Croydon and benefits from good road links via the A26.​

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
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners 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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