Bar/Restaurant let on a new 10 year lease from February 2016 (subject to option)
Affluent and attractive coastal town
Situated on Baltic Wharf overlooking Littlehampton Harbour and River Arun
Nearby occupiers include Lidl, Travis Perkins and Littlehampton Harbour Board
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 91
Auction 13th October 2016
Rent £20,000 per Annum Exclusive
Status Sold Post
Price
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
12 miles east of Chichester, 24 miles south-west of Horsham, 35 miles south of Guildford
Roads
A24, A27, A259
Rail
Littlehampton Railway Station
Air
London Gatwick Airport
Situation
Littlehampton is an affluent and attractive coastal town some 12 miles east of Chichester. The property is situated in a harbour-side position on the west side of Pier Road, close to its junction with Britannia Walk. Nearby occupiers include Lidl, Travis Perkins and Littlehampton Harbour Board.
Tenure
Long Leasehold. Held for a term of 125 years from 01/01/2024 until 01/01/2129 at a rent of £150 per annum.
Location
Miles
12 miles east of Chichester, 24 miles south-west of Horsham, 35 miles south of Guildford
Roads
A24, A27, A259
Rail
Littlehampton Railway Station
Air
London Gatwick Airport
Situation
Littlehampton is an affluent and attractive coastal town some 12 miles east of Chichester. The property is situated in a harbour-side position on the west side of Pier Road, close to its junction with Britannia Walk. Nearby occupiers include Lidl, Travis Perkins and Littlehampton Harbour Board.
Tenure
Long Leasehold. Held for a term of 125 years from 01/01/2024 until 01/01/2129 at a rent of £150 per annum.
Description
The property comprises a double fronted ground floor retail bar/restaurant, forming part of a larger residential development.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted ground floor retail bar/restaurant, forming part of a larger residential development.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground
Bar/Restaurant
236.25 sq m
(2,543 sq ft)
INDIVIDUAL t/a The Empress
10 years from 28/02/2016 (1)
£20,000
28/02/2021 (28/02/2026)
Total
236.25 sq m
(2,543 sq ft)
£20,000
(1) The lease provides for a tenant option to determine the lease on 28/02/2021
