FULLY FITTED HOT FOOD TAKEAWAY PREMISES AVAILABLE FOR RENT ON NEW LETTING TERMS *LOCATED IN A BUSTLING COMMUNITY SHOPPING PARADE* *100% SMALL BUSINESS RATES RELIEF AVAILABLE*
OPTION TO PURCHASE FREEHOLD INTEREST
GOLDEN PHOENIX 40 CRABTREE LANE, LANCING WEST SUSSEX BN15 9PQ Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519
[email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION The property is situated at the eastern end of Crabtree Lane, close to Grinstead Lane (A2025), which connects directly to the A27. Lancing town centre and railway station lie 0.5 miles to the immediate south. The parade serves the local community and passing trade, being close to both the A27 and A259 coast road. Nearby multiple occupiers include Bacon & Co Estate Agents, Uncle Sams and Mulberry Wines. A location plan and street view is available through Google Maps by typing in the property’s postcode BN15 9PQ. DESCRIPTION The premises offer a traditional takeaway layout with a sales counter and kitchen behind followed by a preparation area and stores to the rear. The accommodation provides the following floor areas (measured upon a net internal basis): Ground Floor Seating area / sales counter Kitchen Preparation area Lean to stores Total Accommodation
242 sq ft (22.48 sq m) 134 sq ft (12.45 sq m) 112 sq ft (10.40 sq m) 55 sq ft (5.11 sq m) 543 sq ft (50.44 sq m)
TERMS The premises are available to let upon a new effective full repairing and insuring lease for a term to be agreed at a commencing rent of £7,500 per annum exclusive, payable quarterly in advance. A deposit equivalent to three months’ rent may be required by the Landlord. PREMIUM A premium figure in the region of £10,000 is being sought for the benefit of a new lease, goodwill, trade fixtures / fittings including some catering equipment. VAT We have been advised that VAT will be not payable on the terms stated. LEGAL COSTS The tenant will be required to pay £250 plus VAT towards the Landlord’s professional fees. PLANNING We have been verbally advised that the existing use of the property falls within Use Class A5 (Hot Food Takeaway) of the Town and Country Planning (Use Classes) Order 1987 (as amended). BUSINESS RATES (2013 | 2014 FINANCIAL YEAR) The current Rateable Value being advertised online by the Valuation Office Agency www.voa.gov.uk is £3,500. The Uniform Business Rate for the current financial year is 46.2p in the £ making the Rates Payable £1,617. We have been advised by Adur-Worthing District Council that Small Business Rate Relief to those who qualify will be entitled to full exemption until March 2014. Interested parties are advised to contact Adur-Worthing Borough District Council Rates Department on 01903 221061 to verify the above.
VIEWING ARRANGEMENTS Whilst the premises may be informally inspected as a customer, we would ask all parties to respect our Client’s wishes and not to approach any staff members. Arrangements for thorough inspections must be made by appointment only with sole letting agents Henry Adams Commercial.
CONTACT Andrew Mark Algar - Head of Commercial Agency Telephone
01403 282 519
Mobile
07868 434 449
Email
[email protected] Location Map – Not to Scale
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly Agents Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.