The premises comprise a wine bar/restaurant, semi-detached, with vacant ground & lower ground floors and a 1st floor sublet to Winslow Skincare and a 2nd floor which is a residential flat which is also sublet.
Location
The Broadway runs from the town centre north towards the mainline station and includes a wide variety of catering establishments. This particular unit is located towards the northern end. The premises lie between Sussex Audiology Centre and a branch of Batchelor Monkhouse estate agents. Côte Brasserie is close by. There are also a number of office buildings in the vicinity.
Accommodation
To the front of the property is a raised deck seating area with glazed entrance
door to:
Main area
Slightly L-shaped, 19’6” x 28’ (5.9m x 8.5m) + 10’9” x 18’6” (3.3m x 5.6m) 745 sq ft (69.2 sq m)
Within this area is a brass topped bar, timber floor& ceiling mounted air conditioning unit. Also included are italian-style tables & seating + a cctv system.
Estimated seating 34 covers.
Access to:
Cloakrooms
Well fitted
Gents - vanitory unit, 2 urinals + low level w.c.
Ladies - vanitory unit + 3 low level w.c.s.
To the rear of the main area is a door to:
Rear terrace 7’9” x 16’ (2.4m x 4.9m) 124 sq ft (11.5 sq m)
Estimated outside seating front deck & rear terrace 28-30 covers.
Stairs at rear to:
Lower Ground Floor
Function room 16’ x 13’ (4.9m x 4.0m) 208 sq ft (19.3 sq m)
Bay window overlooking garden, timber flooring + air conditioning unit.
Kitchen area
Dry store
16’ x 7’9” (4.9m x 2.4m) 124 sq ft (11.5 sq m)
Main kitchen
16’ x 179” (4.9m x 2.4m) 284 sq ft (26.4 sq m)
Preparation/wash area
18’6” x 9’9” (5.6m x 3.0m) 181 sq ft (16.8 sq m)
Walk-in cold store
8’ x 6’ (2.4m x 1.8m) 48 sq ft (4.5 sq m)
L-shaped cellar
8’6” x 7’3” (2.6m x 2.2m) + 2’9” x 3’6” (0.8m x 1.1m) 71 sq ft (6.6 sq m)
Total usable lower ground area 988 sq ft (91.8 sq m)
N.b.
The ground & lower ground floors include a comprehensive range of equipment which will be included if required. A full inventory is available upon request. From the kitchen area is access to a passageway with a door leading to a side access alongside the building. This leads via steps to a rear garden and also has an external staircase to the upper floors.
1st Floor 65A Self-contained skin care clinic with separate access via the side access from The Broadway and comprising reception, 3 treatment rooms, 2 cloakrooms + kitchenette.
Total usable floor area 652 sq ft (60.6 sq m)
Sublet to Winslow Skincare on a 5 year lease from July 2022 expiring 24 July 2027 with a tenant only break option on 25 July 2025 with 6 months prior notice.
2nd Floor Flat 65B Accessed from shared landing with the 1st floor and comprising one bedroom, lounge, kitchen + bathroom.
Sub-let from 1 October 2023 and we understand is now on a month by month basis (tbc).
Terms
TERMS - A lease on the entire building is available by way of assignment including the income from the upper floors. This lease is for 12 year lease from 14 October 2020 on a full repairing and insuring basis expiring 13 October 2032. There is explicit permission to sub-let the upper floors.
RENT - Currently £67,200 per annum exclusive of rates for the entire building with a rent review on 14 October 2028.
Income from 1st floor currently £12,000 pa.
Income from 2nd floor currently £9,000 pa (£750 per calendar month.
Net rent £46,200 pa.
RATES - Local Authority: Mid-Sussex SBR (24/25): 49.9p
Business rates Rateable value:
Ground Floor: £26,750
1st Floor £7,300
N.b. Eligible businesses occupying a property with a rateable value of less than £15,000 may be entitled to small business rate relief with properties having a rateable value of £12,000 or less paying no rates. Further details may be found at www.gov.uk/apply-for-business-rate-relief.
Council tax 2nd floor flat - Band A
VAT - VAT is not charged on the rent.
PRICE - £40,000 for the benefit of the existing lease on the entire building including the income from the upper floors and to include a comprehensive list of fixtures, fittings and equipment on the ground & lower ground floors (inventory available upon request).
SERVICES - The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.
EPC - The Assignor has been advised that an energy performance certificate is required.