Available
Crowborough – Restaurant Investment
1a Belmont Buildings, High Street, Crowborough, East Sussex TN6 2QBFreehold Shop with Ancillary Accommodation
Price
£250,000
Rent P.A.
£16,000
Yield
6.40%
Tenure
Freehold
Lease Term
20 Years
Years Left on Lease
13y 9m
Area
1,144 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor restaurant with ancillary accommodation at first floor
- Let until 2038 (No Breaks). Rent review in September 2023 and every 5th year thereafter
- Tenant has 5 branches including 2 in Sevenoaks, 1 in Tunbridge Wells and 1 in Tonbridge
- Occupiers close by Boots, Santander, NatWest, Barclays and WHSmith amongst others.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
A mid terraced building comprising ground floor restaurant with ancillary accommodation at first floor (internally accessed), providing the following accommodation and dimensions:
Ground Floor: 58 sq m (624 sq ft)
Open plan restaurant (60 covers)
First Floor: 48 sq m (520 sq ft)
Full Kitchen, Storage, Customer and Staff WCs
Ground Floor: 58 sq m (624 sq ft)
Open plan restaurant (60 covers)
First Floor: 48 sq m (520 sq ft)
Full Kitchen, Storage, Customer and Staff WCs
Tenancy Description
The property is at present let to an Individual t/a Hattusa Turkish Restaurant for a term of 20 years from 4th September 2018 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Rent review (open market) in September 2023 and every fifth year thereafter. Deposit held of £4,000.
Hattusa has 5 branches including 2 in Sevenoaks, 1 in Tunbridge Wells and 1 in Tonbridge: visit www.hattusa. co.uk
Hattusa has 5 branches including 2 in Sevenoaks, 1 in Tunbridge Wells and 1 in Tonbridge: visit www.hattusa. co.uk
Tenancies & Accommodation
Location Description
Located in Crowborough town centre adjacent to Morrisons and The Original Factory Shop, close to WHSmith, Santander, Boots Pharmacy, Costa Coffee and a host of local traders. Crowborough lies approx. 21 miles north east of Brighton, 24 miles south of Croydon and benefits from good road links via the A26.