Commercial property to rent The Old Greenhouse Restaurant, Fishbourne, near Chichester
A superb opportunity to lease this successful restaurant with 16 covers (seated on up to six tables), air conditioned, fully licensed and with a very well appointed commercial kitchen.
The property hygiene rating currently has a maximum rating of 5, and presents an opportunity to undertake business from the outset. The restaurant lends itself to both individual bookings but also private exclusive use for breakfast, brunch, lunch, pre-theatre and dinner clients.
The property has the benefit of six parking spaces and is located in a prominent location equidistant from the centre of Chichester and the historic harbour side village of Bosham.
Currently holding a leading rating in the Chichester area on Trip Advisor, the property, in our opinion, presents an opportunity to hugely increase the current part time operation and build a significant and even more profitable business. Built circa 1890 as a greenhouse for the market gardens behind, the property has seen many uses; it's longest until 1968 as a greengrocers and florist for the village.
The current owners since 2005 rebuilt the unit on the existing footprint in 2009. The development complimented their adjacent bed and breakfast business, the garage of which was already in use as the commercial kitchens. In 2010 planning permission was approved to change the use from a bed and breakfast dining room to a full public access and licensed restaurant. Due to relocation to Wales our client wishes to lease this restaurant project and the adjacent residential dwelling. One apartment within this dwelling may be available to lease alongside the restaurant lease by separate negotiation.
Please note that the restaurant and adjacent 4 bedroom property and gardens would be available to purchase by separate negotiation at a Guide Price in the region of £700,000, subject to contract. Please contact the landlord's agent, Tod Anstee Hancock Limited for further information.
The property is ideally positioned off the A259 within a prominent and visible location in the heart of Fishbourne. The immediate surroundings provides an excellent catchment alongside the proximity of the cathedral city of Chichester. Aside from the popularity of the local property market the region enjoys significant numbers of visitors drawn by the popularity of all the activities associated on Chichester Harbour, the proximity of the South Downs National Park, popularity of Chichesters Festival Theatre and established events hosted by the Goodwood Estate which includes the Festival of Speed, Revival and horseracing meetings.
The property is available to let on a new lease from January 12th 2020 for 12 months, with a break clause at month 9 and an option to renew for a further 12 months. This is to be the equivalent of a full repairing and insuring terms.
Rent is based on £1,400 pcm and paid quarterly, in advance, along with £13,500 for the goodwill, fixtures and fittings and landlords expenses in allocating the lease and alcohol license. Buildings insurance, fire equipment contract rental, water and sewage rates, annual air conditioning service, pest control prevention contract and music PRS/PPL combined license are included.
Interested parties to be responsible for their own legal costs