Vibrant Bar/Restaurant premises situated in a prominent position along Marine Parade directly opposite Worthing's popular Pier and Promenade in the heart of the town centre. The bar/restaurant premises was refurbished in 2021 to a high standard to include, luxury vinyl tile flooring, three phase electric and a bespoke bar servery area. Currently the bar has a capacity for 120 persons both internally and externally although it is felt this could be increased if required and upon gaining the necessary consents. The property has superb natural daylight supplied via its impressive window frontage and the ground floor accommodation provides a large open planned seating area with bar located to front. At the rear of the property is a commercial kitchen with further storage and customer male, female and disabled WCs.
This is seen as a rare opportunity to acquire a versatile commercial premises with immediate occupation available and viewing is therefore highly recommended.
Location
Worthing with a population of 100,000 is a popular seaside town located in between Brighton (13 miles east) and Chichester (18 miles west) on the south coast of England. Worthing is famed for it's pier and promenade and both are directly opposite the property which is situated in Marine Parade in the heart of the town centre. Marine Parade is known for its versatile choice of independent and national bars and restaurants whilst a short walk away is Montague Street, home to a plethora of national and independent retailers and further eateries. Worthing mainline railway station with its service along the south coast and north to London (journey time of 1 hour and 25 minutes) is located one mile to the north of the property, whilst the property sits on the major bus route.
Accommodation
The property has the following approximate floor areas:
Main Bar & Seating Area - 900 sq ft (83 sq m)
Kitchen - 198 sq ft (18 sq m)
Outdoor Seating Area - 270 sq ft (25 sq m)
Total - 1,368 sq ft (127 sq m)
Terms
Terms - The property is available by way of a new effective FR&I Lease with terms to be negotiated and agreed.
Alternatively, our client would consider the disposal of the freehold (to include 3x sold off flats above) with a quoting price of £400,000 (Four Hundred Thousand Pounds). Further details available upon request.
Rent & VAT - £30,000 Per Annum Exclusive
Premium - Offers in the region of £30,000. Further details available upon request.
Business Rates - According to the VOA (Valuation Office Agency) the property has a Rateable Value of £18,500. Interested parties are asked to contact Adur & Worthing Council's Business Rates department to discuss what, if any, relief or exemptions may be applicable to their business.
Legal Costs - Each party to pay their own legal costs
EPC - C(51)
Specification
- Situated on Marine Parade, Directly Opposite Worthing Promenade and Pier
- Nearby Occupiers Include Costa Coffee, Marks and Spencer, H&M and Nandos
- Refurbished in 2021 to a High Standard
- Ready For Immediate Occupation
- Potential to Expand Covers, Drinks and Food Offerings
- Freehold Potentially Available (£400,000)