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UNDER OFFER

West Lodge, The Esplanade, Bognor Regis, West Sussex, PO21 1GF

Offers in Region of
£650,000

£189.95 per sq ft

Business rates & charges may apply

Flude Property Consultants, Chichester
SIZE AVAILABLE

3,422 sq ft

318 sq m

SECTOR

Restaurant for sale

Key features

  • Bognor Regis is an affluent and popular resort town
  • Prominent and attractive building with panoramic views
  • Attractions locally include, Butlins, Bognor Regis Pier, and a long pebble beach
  • New Wayfinding scheme
  • Fully fitted restaurant premises finished to high standard throughout
  • Internally there is seating for around 110 covers, together with external seating for up to 50 covers currently
  • Freehold, with vacant possession
  • Guide Price of £650,000, subject to contract
  • Consideration given to leasing the premises, rent £50,000 per annum
  • Premium sought for fixtures and fittings

Description

Description

The property was recently constructed and occupies a prominent corner position on The Esplanade and is arranged over five floors. The upper floors are configured as five self-contained apartments, which have been sold off on long leases. The restaurant element is accessed via a ground floor lobby entrance, with stairs leading to both the lower ground floor and upper floor. There is also a customer lift servicing each floor.

Internally, the lower ground floor provides seating for around 30 covers, a bar area, fully fitted kitchen (electric only), preparation areas and storage, together with customer and staff WC's.

The upper floor benefits from panoramic views of the seafront, providing around 80 covers, and serving bar. There is also further storage and an office.

Externally, the property benefits from a bin store, and plant room, which is accessed from Manor Place.

The present occupier had a licence for external seating for around 50 covers, which they have not renewed. However, they are in discussions with the local authority to create a number of beach huts to provide further seating throughout the year for customers.

Location

Bognor Regis is an affluent and popular resort town in West Sussex ideally located on the south coast approximately 55 miles south west of London 24 miles west of Brighton and six miles south east of Chichester.

Bognor Regis Railway Station offers direct and regular services to London Victoria and the South Coast.

The property is situated on the seafront at the edge of the main commercial and retailing centre to the east. It directly overlooks The Esplanade onto the beach and the leisure pier to the front.

Bognor Regis is a well known UK holiday destination situated on a stretch of southern Sussex coastline boasting the largest holiday centre in the south of England: Butlins Bognor Regis.

The town is also home to the University of Chichester's flagship £35 million Tech Campus accommodating the Engineering, Design and Creative Digital Technologies departments.

Nearby, the Theatre is undergoing a £17m refurbishment project, there is also a new Premier Inn being constructed, which is due to open shortly.

Planning

We understand the premises originally had planning consent for Class A3.

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 commercial element of 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.

Licencing

There is currently a Premises Licence in place for the sale of alcohol, further details available on request.

VAT

We understand that the property is not elected for VAT.

Accommodation

The accommodation has the following approximate floor areas:

Business Rates / Council Tax Band

Ratable Value 2023: (West Lodge) £34,000

EPC

We understand the property to have an EPC rating of A (15).

Legal Fees

Each party to bear their own legal costs incurred.

AML

Anti-Money Laundering Regulations 2017 Due to Government legislation we are legally obliged to undertake Anti-Money Laundering checks on prospective purchasers on transactions which involve a capital value of 15,000 euros or more. We are also required to request proof of funds. Further information available on request.

Brochures

West Lodge, The Esplanade, Bognor Regis, West Sussex, PO21 1GF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bognor Regis Station0.4 miles
  • Barnham Station3.8 miles
  • Ford Station5.5 miles

About Flude Property Consultants, Chichester

1 Old Market Avenue, Chichester, West Sussex, PO19 1SP
Industry affiliations:Industry affiliation logo 0

Flude Property Consultants is a regional independent firm of Chartered Surveyors regulated by the Royal Institution of Chartered Surveyors (RICS) who specialise in advising clients with commercial property interests.

Our main areas of expertise are commercial property agency, lease advisory (rent reviews, lease renewals and lease re-gears), property management, valuation, rating, investment and development property.

We are a commercially minded practice who understand the needs and pressures of business.

Notes

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