Freehold Town Centre Restaurant & Three Bedroom Flat For Sale

Location

Worthing is a popular seaside town located approximately 13 miles west of The City of Brighton & Hove and approximately 18 miles east of the cathedral city of Chichester. Both the A27 and A259 trunk roads run through the town providing links along the coast and up to London and north via the A24 and A23. Worthing mainline railway station with its regular services along the coast and north to London (journey time of 1 hour and 30 minutes) is located a 10 minute walk to the north. The property is located in the town centre on Graham Road close to the junction with Montague Street which is the main precinct within the town where occupiers such as Marks & Spencer, Boots, H&M and other retailers and restaurant amenities can be found.

Description

A rare opportunity to acquire a well presented two storey mixed use premises in the heart of Worthing.

The ground floor for over two decades has traded as a successful restaurant and provides open plan and well-presented seating and bar area to front with covers of approx. 40. To the rear of the ground floor is a commercial kitchen which is fully fitted with various stainless steel appliances, fridges and work stations. There is a small lean to store directly off the kitchen. The ground floor benefits from laminate flooring, pendent lighting, ample electrical/data points and air conditioning (not tested).

Externally the restaurant has a raised balcony area with artificial grass floor covering suitable for further seating, subject to obtaining any necessary planning or licencensing requirements.

The first floor three bedroom residential accommodation is accessed via private front door immediately adjacent to the restaurant. A small storage area within a former garage with stairs leads to three good sized bedrooms, lounge, kitchen and bathroom. That requires some modernisation and remedial works but provides excellent residential accommodation within the heart of the Town Centre.

Accommodation

The property has the following approximate floor areas:

Ground Floor
Main Seating Area	925 Sq Ft
Kitchen	295 Sq Ft
Store	51 Sq Ft
First Floor
Entrance / Store	80 Sq Ft
Kitchen	192 Sq Ft
Bedroom One	99 Sq Ft
Bedroom Two	99 Sq Ft
Bedroom Three	175 Sq Ft
Lounge	136 Sq Ft
Bathroom	37 Sq Ft
TOTAL AREA	2,089 Sq Ft

Terms

The property is available freehold with full vacant possession upon completion

Guide Price & VAT

£525,000 (Five Hundred & Twenty Five Thousand Pounds)

VAT is not to be charged on the quoting terms

Business Rates & Council Tax

According to the VOA (Valuation Office Agency) the property has a rateable value of £12,750. Interested parties are asked to contact Adur & Worthing Council directly to ascertain what small business rates relief may be applicable to their business.

The residential flat has a Council Tax banding of B

Legal Costs

Each party to pay their own costs

EPC

Ground Floor (Commercial): C(65)
First Floor (Residential): E(51)

Anti-Money Laundering

In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.

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