Montague Street, Worthing, BN11 3HE

£29,500 pcm
  • Ref: 31547
  • Availability: To Let
  • Floor Area:
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Property Features

  • Prime Restaurant Business For Sale
  • Located on a Busy Thoroughfare
  • Potential to Add Additional Seating on the First Floor
  • Outside Seating on Montagues Street
  • Predominantly Open Plan Throughout

Property Summary

BUSINESS FOR SALE This fully fitted property is currently trading as Hami, and is arranged over ground and first floors. There are 20 covers on the ground floor, with further seating on Montague Street. There is a large open plan serving/cooking area, together with a customer WC. On the first floor, there are male and female WC's, shower facilities, a large preparation area, a store room and a staff room. Further features include 3-phase electrics, air conditioning, LED lighting and wood strip flooring. There is potential to create more seating on the first floor.

Full Details

DESCRIPTION This fully fitted property is currently trading as Hami, and is arranged over ground and first floors. There are 20 covers on the ground floor, with further seating on Montague Street. There is a large open plan serving/cooking area, together with a customer WC. On the first floor, there are male and female WC's, shower facilities, a large preparation area, a store room and a staff room. Further features include 3-phase electrics, air conditioning, LED lighting and wood strip flooring. There is potential to create more seating on the first floor.

LOCATION The property is situated in a prime position on the pedestrianised shopping street of Montague Street, the main shopping precinct in Worthing, which 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.

TENURE The premises are held on a lease for a term of ten years, from September 2021.

RENT The rent is £29,500 per annum, exclusive, plus VAT. 

PREMIUM Offers are invited in the region of £75,000 for the lease, business, and fixtures & fittings. Accounts and inventory are available by request.

EPC An EPC has been requested.

VAT We are informed that VAT is 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 ARRANGEMENTS Strictly by appointment with Sole Agents, Jacobs Steel.

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.

BUSINESS RATES The rateable value from April 2023 provided by the Valuation Office Agency is £21,000. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £9,891.

 

Property Location