61 High Street, Arundel, West Sussex, BN18

Description

Substantial Restaurant/Commercial Premises
252 sq m (2,715 sq ft)

Location

Arundel is a busy market town synonymous with its castle and cathedral and boasts a 1,000 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.

The property is situated in a central position on the western side of High Street. Nearby occupiers include The Red Lion, Norfolk Arms and Pizza Express.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

VAT

We understand that the property is not elected for VAT.

Accommodation

The property comprises a Grade II* Listed building which is arranged as a restaurant over three floors.

Internally, the ground floor provides dining space (approximately 75 covers), a bar area, kitchen and disabled WC. The first floor is configured as storage and benefits from four WCs. There is further storage located at lower ground floor level.

Externally, there is a garden at the rear of the building providing a further 40 covers.

We have measured and calculate the property to have the following GIA:

Ground Floor 175 sq m (1,885 sq ft)
First Floor 42 sq m (457 sq ft)
Lower Ground Floor 34 sq m (374 sq ft)
Total 252 sq m (2,715 sq ft)

Business Rates / Council Tax Band

Rateable Value (2023): £36,750

Following the Government's latest budget, it has been confirmed that Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business for applicable chargeable days from 1 April 2023 to 31 March 2025.

Interested parties should make their own enquiries to satisfy themselves of their business rates liability.

EPC

We understand the property has an EPC rating of A (23).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new full repairing and insuring lease for a term to be agreed, subject to vacant possession. Rent on application.