A rare opportunity to acquire the leasehold of a substantial and deceptive restaurant / bar premises with the versatility of the upper parts providing either residential accommodation or further commercial space as required. The property for many years has traded in the hospitality industry and in recent times has provided high quality Indian cuisine.
Accessed via two steps off St Pancras the property comprises of a basement, ground and first floor commercial building with the second floor providing living accommodation for the business occupiers. It should be noted that currently the upper floors are not self contained however could easily become so if required.
The ground floor provides open plan seating area with attractive bar with WC located at the rear. Also at the rear is a fully fitted and deceptively large commercial kitchen with access directly out on a walled rear courtyard garden. The cellar / basement is accessed via two wooden doors just behind the bar and provides dry storage for drinks, beer pumps etc. Internal stairs lead to a first floor seating area, bar and storage room whilst there is also a small managers office.
Further stairs lead to four bedrooms, open plan lounge with kitchen with bathroom at the rear. The second floor requires some modernistation and refurbishment.
Location
Chichester is an historical cathedral city and the administrative headquarters for the county of West Sussex located approximately 72 miles south of London, 20 miles west of the popular seaside town of Worthing and 18 miles west of the city of Portsmouth. On the southern edge of the city centre, approx. 1.5 miles from the subject property there is mainline railway station with services to all of the south coast centres and a direct line to London Victoria (1 hour 35 minutes). The property can be found on the eastern side of the city centre on the one-way section of St Pancras situated amongst many independent retailers, eateries and office occupiers. The property is within walking distance of the main shopping streets within the City.
Accommodation
The property has the following approximate floor areas:
Basement - 102 sq ft (10 sq m)
Ground Floor - 1,358 sq ft (127 sq m)
First Floor - 547 sq ft (50 sq m)
Second Floor - 630 sq ft (58 sq m)
Total - 2,637 sq ft (245 sq m)
Terms
Terms - The property is available by way of a new effective FR&I Lease with terms to be negotiated and agreed.
Business Rates - According to the VOA (Valuation Office Agency) the property has a Rateable Value of £11,750. It is therefore felt that subject to Tenant status, that 100% small business rates relief may be applicable.
Interested parties are asked to contact Chichester District Council directly to ascertain what relief may be applicable to their business.
Rent - £27,500 Per Annum Exclusive
VAT - Not To Be Charged
Legal Costs - Each Party To Pay Their Own
EPC - C(60)
Specification
- Situated in Heart of City Centre
- Nearby Occupiers Include Kwik Fit, Turners Pies, Giggling Squid & Co-Op Convenience Store
- Versatile Class E Accommodation Suitable For A Variety of Uses (stpc)
- New Lease Terms Available
- No Premium Applicable
- Viewing Highly Recommended