Property photos
Fixed price
£250,000
(£162.34/sq. ft)
Restaurant for sale
High Street, Crowborough TN61,144 sq. ft
Local area information
Property location
Nearby amenities
- St Marys Catholic Primary School 0.4 miles
- Sir Henry Fermor Church of England Primary School 0.4 miles
- Crowborough 1.5 miles
- Eridge 2.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Comprises ground floor restaurant with ancillary accommodation at first floor
- Let until 2038 (No Breaks). Rent review in Sep 2023 and every 5th year after
- Tenant has 5 branches in total accross south east
- VAT is applicable to this property
- Occupiers close by Boots, Santander, NatWest, Barclays, wh Smith, amongst others
Investment Consideration:
Gross Initial Yield: 6.40%
Rental Income: £16,000 p.a.
VAT is applicable to this property
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.
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
Tenancy:
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.
Location:
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.
Gross Initial Yield: 6.40%
Rental Income: £16,000 p.a.
VAT is applicable to this property
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.
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
Tenancy:
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.
Location:
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.
More information
Listed by
Blue Alpine Partners
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