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Lot 1 - 8/10 Arcade Road & 1 Evans Garden, Littlehampton West Sussex BN17 5AP
Auction Result: £162,000

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SITUATION

Occupying a prominent frontage close to the junction with Beach Road and the pedestrianised Town Centre amongst a variety of multiples including Boots, Ladbrokes, Barclays, Lloyds TSB plus a host of established local traders.
Littlehampton is a popular seaside resort town lying midway between Worthing and Bognor Regis and enjoying excellent road access with the A259 and the A27.

PROPERTY

A most attractive corner building with substantial window frontage, comprising a Ground Floor Restaurant with internal access to Ancillary Storage at first floor level. The restaurant also has a side access and small outside seating area facing a paved courtyard area.

ACCOMMODATION

Ground Floor Restaurant (65 Covers)
Gross Frontage 48'
Net Frontage 44'9"
Restaurant Depth 51'4" max
Restaurant Area Approx 1,125 sq ft
Kitchen/Prep Area Approx 300 sq ft
Male & Female WC's
First Floor Ancillary
Area Approx. 315 sq.ft

VAT is NOT payable in respect of this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Miss T Haskell (Turkish Restaurant) for a term of 15 years from 30th August 2000 at a current rent of £16,500 per annum exclusive. (See Note)

Rent Review August 2010

Note: The tenant has a personal rent concession at £14,500 p.a.

Vendor's Solicitors
Grant Argent & Co, Bank House, 59/61 The Broadway, Cricklewood, London NW2 3JX, Tel: 020 8452 7651. Ref: G Argent Esq
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