Property Information
Address:
Newhaven, East Sussex, BN9
, BN9
Price: Property no longer available.
Size: SOA
Primary Category: Commercial Property
All Categories:
Property Ref/Movehut: MH433795
Property Ref/Agent: R5368-Business for Sale
*Please use the agent ref when calling the agent directly.
Property description
NO PARKING PROBLEMS SPACIOUS SINGLE FRONTED PREMISES in our opinion there is potential to convert the premises into a Restaurant area which in our opinion could accommodate up to 50 persons, if desired. Customers' area with wooden floor, counter plus seating for customers' waiting for 10/15 persons. LEVEL KITCHEN, stainless steel extractor, stainless steel cladding to walls, mainly stainless steel equipment, 8-burner gas cooker with ovens, 3 stainless steel tables, sink drainer, 3 fridges, 1 deep freezer. Stockroom with 1 fridge, 2 deep freezers
Staff cloakroom with w.c. wash hand basin Turnover WE ARE INFORMED the turnover averages 1,600 p.w. takeaway delivery, in our opinion offering tremendous potential for further increase in the right hands. Staff The business is at present operated by the vendor with the assistance of 3 full time staff. Trading Hours 5 p.m. - 11 p.m. seven evenings p.w. Accommodation The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, is at present let and provides a rental income of 900 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises: 2 Double Bedrooms
Bathroom with bath, w.c. wash hand basin
Large Lounge
Kitchen Outside Parking space at rear for 2 cars Tenure We understand the premises are held on a secure renewable lease, the present lease having approximately 17 yeas unexpired at a rental of 14,208 plus VAT p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years. (As will be appreciated with the rental income of 10,800 p.a. from the flat over the net rental payable at the present time is only 3,408 p.a. exclusive of rates). Uniform Business Rates: 680 p.a. approx. (after small business relief) EPC Rating D (88) RECOMMENDED FOR EARLY INSPECTION REDUCED FOR EARLY SALE Price TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES FITTINGS 39,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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