810 ft² / 75 m² - Prime Restaurant Site - Lease for Sale
Location
Situated in the historic seaside village of Rottingdean and on the main A259 coast road leading into Brighton. Woodingdean, Ovingdean, Saltdean and Peacehaven are all highly populated residential areas that are close by. Local traders include Tesco Express, Costa Coffee, Budgens and the White Horse Hotel.
Accommodation
An opportunity to acquire this sought after fully fitted restaurant which would suite a variety of catering occupiers. The accommodation is configured over ground floor with free standing tables and chairs for circa 30 covers. To the rear is a fitted bar area with full height glass fronted display and sink unit. The fully fitted commercial kitchen is located to the rear of the property with multi-burner gas hob and oven, stainless steel preparation areas, stainless steel commercial sink units, tandoor oven, fridges, chest freezers and full extraction. There is also a rear yard with outside store. Separate male and female w/c facilities are towards the front of the building.
Approximate net internal floors areas are:
| Restaurant & Bar area | 509 ft² | 47.2 m² |
| Kitchen | 177 ft² | 16.4 m² |
| Outside Store | 124 ft² | 11.5 m² |
| Total Ground Floor Accommodation | 810 ft² | 75 m² |
Terms
The premises are held on an effective full repairing and insuring lease for a term of 20 years dated 2nd September 2021 and at a current passing rent of £XXX per annum exclusive. The rent increases from the second anniversary to £XXX per annum excusive and again from the seventh anniversary to £XXX per annum exclusive. There is a rent review at the seventeenth anniversary. The premises may be elected for VAT and therefore VAT may be payable on the terms quoted.
Premium
Offers are invited on a guide premium of £XXX for the leasehold interest, restaurant goodwill, current fixtures and fittings and licences. A full inventory is available on request.
Rateable Value £XXX
EPC E