The premises comprises of two large prominent buildings which were constructed as a church and chapel, this gives the property its unique appearance. Access via separate entrances, the main part of the building consists of a substantial open plan dance area with seating booths, a large bar and a DJ booth on the ground floor. Upstairs is a further bar area with more seating and a internal central balcony that overlooks the ground floor.
Location
The property is prominently located on the east side of the High Street with occupiers nearby being Waitrose Supermarket, ASK Italian, Slug & Lettuce and Whibleys Jewellers. The property is directly opposite the Guildbourne Shopping Centre car park with further ground level parking close by. Worthing is a large seaside town with a population in excess of 100,000 and has excellent vehicular transport links via the A27, A24 and A259 and is serviced via a mainline railway station with services along the south coast and north to London.
Accommodation
The property has the following approximate floor areas:
Ground Floor - 4,233 Sq Ft
First Floor - 3,527 Sq Ft
Basement - 251 Sq Ft
Total - 8,011 Sq Ft
Terms
Tenure - The property is available by way of freehold with the below mentioned tenancy in situ.
Price - Offers In The Region Of £1,250,000
EPC - The property has a valid EPC rating of 76D
Tenancy - The property is currently let to Group Entertainment Ltd, trading under ‘Angels Bar & Nightclub’, this is a 15 year lease with an annual stepped rent of £125,000, which increases to £135,000 per annum in 2025 for the remainder of the term.
Business Rates - According to the VOA (Valuation Office Agency), the property has a rateable value of £48,000. For further information on this we would advise you to speak to the VOA directly. Find a business rates valuation - GOV.UK (www.gov.uk)
VAT - We have been informed that VAT will not be charged on the asking price.
Legal Fees - Each party to pay their own legal costs unless otherwise agreed.