13-15 New Street, Worthing, West Sussex, BN11 3BT

Location

Located just off of Worthing seafront and near the busy shopping area of Montague Street. Worthing is one of the biggest Seaside Towns on the South Coast. Known for its shopping, eateries, entertainment and Pier, Worthing sits at the foot of the Downs, with Brighton being 11 miles East and Chichester 18 miles West. Numerous multiple retailers are within close proximity including WHSmith, Café Nero, Nando's, MacDonald's, together with numerous independent retailers.

Description

Limings Mexican Grill is a long established and successful popular restaurant located on a prominent corner position and set over three storeys. The licensed restaurant is currently trading 7 days a week. The interior has been tastefully designed and provides a modern, yet authentic mexican dining environment with a split level main dining area providing over 100 covers. The ground floor comprises a main restaurant, large open plan kitchen, together with male & female WC's. Internal stairs lead to a substantial first floor function room with it's own dedicated bar and further WC's. An internal corridor leads to a further room which could be utilised as either an office or storage space and stairs lead to another space located in the loft. In addition, there are two store rooms which can be accessed via both the ground floor and first floor. The property also offers a self-contained one bedroom flat which will be offered with vacant possession.
Additional benefits include air conditioning, full extraction, Three Phase electricity and outside dining area (subject to license approval from the council).

Tenure Comments

Leasehold

Rent

The premises are let on a lease for a term of 15 years from December 2016 at a current rent of £36,000 per annum, exclusive. The lease is inside the 1954 Landlord & Tenant Act.

Premium

Offers are invited in the region of £125,000 for the business, fixtures & fittings and goodwill. Trading accounts can be provided upon request.

EPC

EPC has been requested.

VAT

We are informed that VAT is applicable on the terms quoted.

Use

We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents, Jacobs Steel.