Business Summary

SITUATION & DESCRIPTION

The subject premises are situated in a prominent position on the western side of Ditchling Road overlooking The Level public park which is set to be the subject of a major restoration & development project in the coming months.

THE BUSINESS

The business has successfully operated as an Indian takeaway restaurant for many years and currently trades 5pm – 11.30pm 7 days a week.

There is however scope in our opinion to reconfigure the premises and operate seating for dine-in customers to further complements the existing take away business.

ACCOMMODATION

The property has recently been refurbished and currently comprises:

Ground Floor (512 sqft)
Customer Service Area
Kitchen & Preparation Area

First & Second Floor
Arranged as a self-contained 2 bedroom maisonette

RATEABLE VALUE - £5,300

U.B.R 2013/2014: Payable: 46.2% (if eligible for small business rate relief), otherwise 47.1%.
Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make enquiries concerning the implications of the small business allowance.

TENURE

The premises are available either:

Leasehold
By way of a new FRI lease for a term to be agreed, and at a commencing rental of £15,000 per annum exclusive

Freehold
Our client will consider offers in the region of £300,000 for the freehold interest

PRICE

£35,000 Premium (for the benefit of the leasehold interest, good will and fixtures & fittings)

£300,000 Freehold

LEGAL FEES

Each party to be responsible for their own legal costs.

ENERGY PERFORMANCE CERTIFICATE

Our client has been advised that an EPC is required. Details upon request.

Property Details

Other Business Details