Acquired
Crowborough – Restaurant Investment
1a Belmont Buildings, High Street, Crowborough, East Sussex TN6 2QBFreehold Shop with Ancillary Accommodation
Lease Term
20 Years
Area
1,540 SQ FT
VAT Applicable
No
Investment Consideration
- The property is arranged as a Ground Floor Restaurant with internal access to Ancillary Accommodation at first floor level
- Rent Reviews 2023 and every fifth year thereafter
- Entire property let to Sefa Karatay t/a Hattusa as a Turkish Restaurant on a lease expiring in 2038 (No Breaks)
- Occupiers close by Boots, Santander, NatWest, Barclays, WH Smith, amongst others
VAT
VAT is not applicable.
Property Description
A mid terraced building comprising a Ground Floor Restaurant with internal access to Ancillary Accommodation at first floor level. There may be potential to convert the first floor to Residential Use under Permitted Development similar to other units in the parade, subject to obtaining possession and the necessary consents. There is already an external fire escape staircase at the rear which leads out on to the High Street.
Tenancy Description
The entire property is let on a full repairing and insuring lease to Sefa Karatay t/a Hattusa as a Turkish Restaurant for a term of 20 years from 4th September 2018 at a current rent of £16,000 per annum exclusive. Rent Reviews 2023 and every fifth year thereafter. There is a £4,000 Rent Deposit held.
Hattusa has 4 branches including two in Sevenoaks and one in Tunbridge Wells: visit www.hattusa. co.uk
Hattusa has 4 branches including two in Sevenoaks and one in Tunbridge Wells: 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.
