£36,000

• Popular Restaurant Business for Sale
• Available on a Confidential Basis
• Open Plan Kitchen Area
• Over 100 Covers
• Self-contained One Bedroom Flat
• Fully Fitted With Two Bars

DESCRIPTION CONFIDENTIAL BUSINESS FOR SALE This popular restaurant is set over two storeys and includes 90 covers on the ground floor, a large open plan kitchen, together with male & female WC's. On the first floor, there is a large function room with it's own dedicated bar, together with store rooms. In addition, there is a self-contained one bedroom flat.

TENURE Leasehold

LOCATION This restaurant is located near the busy shopping area of Montague Street. Worthing is one of the biggest Seaside Towns on the South Coast. Known for it's shopping, eateries, entertainment and Pier, Worthing sits at the foot of the Downs, with Brighton being 11 miles East and Chichester 18 miles West. Numerous multiple retailers are within close proximity including WHSmith, Café Nero, Nando's, MacDonald's, together with numerous independent retailers.

RENT The premises are let on a lease for a term of 15 years from December 2016 at a current rent of £36,000 per annum, exclusive. The lease is inside the 1954 Landlord & Tenant Act.

PREMIUM Offers are invited in the region of £150,000 for the business, fixtures & fittings and goodwill.

EPC EPC has been requested.

VAT We are informed that VAT is not applicable on the terms quoted.

USE We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

LEGAL FEES Each party is responsible for their own legal fees in this transaction.

VIEWING Strictly by appointment with Sole Agents, Jacobs Steel.

BUSINESS RATES The rateable value from April 2023 provided by the Valuation Office Agency is £18,250. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £9,106.75.