Description

LOCATION
George Street is a busy shopping district within Hove just off Church Road with many well established businesses such as Costa Coffee, Pets Corner, WHSmith, Slug & Lettuce and various other independant users.

DESCRIPTION
The property comprises of a well presented open plan A3/A5 restaurant takeaway, with internal and external seating area as well as a fully equipped kitchen with full extraction system and serving counter for takeaway.

There is also the additional benifit of residential accomodation above which is accessed internally from the restaurant area, providing a good sized studio with bathroom and W.C.

ACCOMMODATION
Measured on a net internal basis the property provides the following accommodation;

Ground Floor internal area: 720sq.ft
1st Floor: unmeasured

LEASE
The property is available by way of an assignment of the existing lease which expires on 9th February 2032 with around 14 years remaining, the current passing rent is £20,000 per annum with the next review in February 2022, a copy of the lease is avilable for interested parties.

PREMIUM
Offers are invited in the region of £55,000 for the business as a going concern and the fixtures and fittings.

RATEABLE VALUE
We are advised the rateable value is £17,750 on the property, interested parties should contact Brighton & Hove council to confirm rates payable.

LEGAL COSTS
The ingoing tenant will be responsible for their own costs incurred in relation to the transaction as well as the landlords reasonable legal costs.

EPC
An EPC is available for interested parties to view on request.

VAT
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.

VIEWING
Strictly by appointment through Agents: Parsons Son & Basley