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AGENT'S DETAILS


13 Tarrant Street, Arundel, BN18 9DG

For sale: £525,000.00|951 Sq Ft|Retail - High Street, Other, Restaurants/Cafes, Retail, Other Property Types & Opportunities, Licensed & Leisure

PROPERTY DETAILS

FOR SALE£525,000.00
SIZE951 Sq Ft
ADDRESS13 Tarrant Street, Arundel, BN18 9DG
TYPERetail - High Street, Other, Restaurants/Cafes, Retail, Other Property Types & Opportunities, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON2nd October 2020

DESCRIPTION

Description

Restaurant / Retail and Residential Opportunity
Tea Room / Restaurant 90.82 sq m (978 sq ft)
Flat 89.41 (962 sq ft)

Location

Arundel is a busy market town synonymous with its castle and cathedral and boasts 1000 years of history. The town has excellent road communications being situated on the A27 dual-carriageway which runs east to Worthing and Brighton and west to Portsmouth and Southampton where it connects with A3(M) M27 and M3 motorways. London is located approximately 64 miles north east west. Gatwick Airport is located approximately 38 miles to the north-east.

Arundel train station offers easy access to London and other cities such as Brighton and Southampton.

Planning

We understand that the premises benefit from Classes A3 and C3 within the Use Classes Order 1987.

VAT

We understand that the property is not elected for VAT.

Accommodation

The property comprises a two storey Grade II Listed building on the south side of Tarrant Street. The ground floor is configured as a tea room/restaurant and includes a working kitchen, prep area, storage, customer and staff WCs. There is a courtyard with tables and chairs to the rear which can also be accessed from the car park off Crown Yard.

The tea room currently offers 45 covers with a further 20 covers outdoors on the terrace which can be accessed through the tearoom or from the rear via the car park.

The self contained first floor flat includes a single and double bedroom, open plan kitchen/living room and bathroom and is accessed via the courtyard of the tea room.

We have measured and calculated the accommodation to have the following approximate Gross Internal Area (GIA):

Description sq m sq ft
Tea Room / Restaurant 90.82 978
Flat 89.41 962

Business Rates / Council Tax Band

The tea room/restaurant has a Rateable Value (2017) of £21,250.

The flat has a Council Tax Band of B.

Following the Government's recent Budget, occupiers of retail and leisure properties are eligible to receive a discount of 100% from their 2020/2021 rates bill, which may be subject to EU State Aid Limits. Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).

EPC

Tea room/restaurant: EPC rating C(67).
Flat has an EPC rating of D(59).


Legal Fees

Each party to bear their own legal costs incurred.

Terms

We have been instructed to market the freehold interest in the property with a quoting a price of £525,000 for the freehold interest with vacant possesion of the ground floor, subject to contract.

The first floor flat is rented by way of an Assured Shorthold Tenancy commencing 01.04.2019 at a current rent of £815 per month (£9,780 per annum).
( Agency Pilot Software Ref: 3406 )

LOCATION

Location: 13 Tarrant Street, Arundel, BN18 9DG

Arundel (0.6 miles)

Ford (2.0 miles)

Amberley (3.0 miles)

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