HAPPY MEETING RESTAURANT, 76 THE BOULEVARD, CRAWLEY,
WEST SUSSEX. RH10 1XH
• FREEHOLD RESTAURANT INVESTMENT FOR SALE
• LOCATED IN THE TOWN CENTRE OF CRAWLEY
• LET ON A NINE YEAR LEASE FROM 21ST JANUARY 2013
HAPPY MEETING RESTAURANT, 76 THE BOULEVARD, CRAWLEY, WEST SUSSEX, RH10 1XH
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Freehold Ground & 1st Floor Former
Banking Hall Converted to Restaurant
premises.
Let at a rent of £32,000 per annum
exclusive to Mr Phu Cu Ha, trading as
the Happy Meeting Restaurant.
Guide price of £395,000 (Three
Hundred & Ninety Five Thousand
Pounds) subject to contract.
A purchase at this level reflects a net
initial yield of 7.73% assuming
purchaser’s costs of 4.75%.
Location
Crawley is the county town and commercial
centre of West Sussex located approximately
31 miles south of London, 22 miles north of
Brighton and 28 miles south-east of Guildford.
The town benefits from excellent road
communications lying adjacent to the M23 and
12 miles south of the M25. Rail services are
provided at Crawley Station.
Situation
Accommodation
The property is situated in the Centre
of Crawley. The Boulevard forms a
link road between the A2004 (College
Road) and A2219 (High Street).
We have measured the property to have the following
approximate net internal floor areas:
Nearby occupiers include Marks &
Spencers, Sainsbury’s, TK Max,
British Heart Foundation.
Description
Floor
Ground Floor
Front sales area with kitchen and
store room to the rear
First Floor
Open plan restaurant & bar
Stores and small kitchen.
Sq ft
949
183.02
1,970
Total Floor Area
271.18
2,919
Ground Floor ITZA
76.64
825
The property comprises a two storey
building. The ground floor is set out
as a large fully fitted kitchen with
store rooms and benefits from rear
loading access. The front of the shop
is currently used as a
reception/waiting area for takeaway
customers.
Male, Female & Disabled WC
The 1st floor premises are accessed
via a customer staircase and there is
also a passenger lift. There is an
additional staircase that can be used
as a fire exit.
.
At first floor is predominantly used as
an open plan restaurant with bar
area, service area with dumb waiter
system and a small kitchen. There
are also fitted male, female and
disabled toilet facilities.
Sq m
88.16
Plan
This is an indicative plan. Please refer to the plan within
the lease to see the demise and rights of way.
HAPPY MEETING RESTAURANT, 76 THE BOULEVARD, CRAWLEY, WEST SUSSEX, RH10 1XH
Tenancies
Proposal
The property is let to Pho Cu Ha on a 9 year
lease from 21st January 2013 at a passing rent
of £32,000 per annum. The lease is held on
full repairing and insuring terms and is subject
to 3 yearly upward only rent reviews and is
also subject to a review on the last quarter day
preceding the expiry of the term.
Guide price of £395,000 (Three Hundred & Ninety Five
Thousand Pounds Only), subject to contract.
A purchase at this level produces a net initial yield of
7.73% assuming purchaser’s costs of 4.75%.
Tenure
Freehold
VAT
We understand from our client that the
property has not been registered for VAT.
EPC
The property has an EPC rating of 120 (E)
Colyer Commercial has not checked and do not take any responsibility for any of the services within this property and would recommend that any ingoing occupier satisfies themselves
in this regard. These particulars and the descriptions and measurements contained herein do not form part of any contract and whilst every effort has been made to ensure accuracy,
this cannot be guaranteed. All figures quoted are exclusive of VAT if applicable.
STRICTLY BY APPOINTMENT WITH THE VENDORS AGENTS
TIM SHEPHERD
01403275275 or 07921056072
[email protected]
JO PARRY
01403275275
[email protected]