Retail property (high street) for sale
Property description & features
- Tenure: Leasehold
- Situated on Goring Road in Worthing With Nearby Occupiers Including Tesco Express, Costa Coffee, Card Factory, Boots & Vision Express
- Available With Benefit of New Lease Direct With Landlord at £14,250 Per Annum
- Potential To Increase Covers With Outside Seating (subject to licensing)
- No Leased Equipment. Well Presented With Minimal Fit Out Works Required
- Currently Serving Hot & Cold Food, Hot & Cold Drinks. Excellent Reputation For Milkshakes & Ice Cream
- Potential For Existing Proprietor To Stay On Short Term
Justice & Co are delighted to offer this family run café premises prominently situated on the popular Goring Road in Worthing, West Sussex to the market. The current occupiers have been in situ since 2017 and the café is presented to the market in good condition throughout with minimal investment required from any purchaser. The property benefits from laminate flooring, spot lighting, ample electrical points, CCTV (not tested), and superb 10ft window frontage. At the rear of the property is a commercial kitchen fitted with oven, electric hob, 2x toasting machines, preparation fridge, dishwasher, coffee machine and various freezers. None of the equipment is leased and is owned outright by the current operators. The property benefits from a single WC which is located at the rear where there is a rear fire door leading out to a rear yard where there is an allocated parking space.
Currently the café hosts approx 30 internal seats. It is felt that the café could be reconfigured and outside seating could be explored subject to gaining the necessary pavement licence. The current café is open Monday to Saturday 8am until 4pm.
This is seen as a potential turn key opportunity with immediate occupation and viewing is therefore highly recommended.
Location
Worthing is a popular seaside town located approx 13 miles west of the city of Brighton and 18 miles east of the cathedral city of Chichester. Worthing has a population in excess of 105,000 and has superb transport links via the A24, A27 and A259 roads whilst the town also benefits from three railway stations which provide regular services along the south coast and north to London, the nearest station of West Worthing is 1/4 mile to the east. The popular Goring Road shopping parade is situated less than 1 mile from Worthing town centre. Other occupiers within the road include Tesco Express, Iceland, Co-Op, Pizza Hut, Toby Carvery and a host of independent retailers and office occupiers.
Terms
The property is available by way of a new FR&I Lease for a minimum term of 5 years. The passing rent is £14,250 Per Annum. There is potential for a Tenant only break clause to be inserted into the Lease if required. Further details are available upon request.
Premium
Offers in Excess of £55,000 for the fixtures, fittings and goodwill of the existing business. The last 3 years trading accounts can be provided to serious applicants upon request.
Business Rates
According to the VOA (Valuation Office Agency) the property has a Rateable Value of £8,300. The current business owners have been able to claim 100% small business rates relief, however interested parties are asked to contact Adur & Worthing Council to ascertain what relief may be applicable to their business.
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Broadband availability and predicted speed: obtained from Ofcom on August 30, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on August 30, 2022
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Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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