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CONFIDENTIAL
FOR SALE
647680
6936M / Rightbiz
This E-Class premises occupies a fantastic position within a busy and prosperous parade of shops in central Hove, located on the highly regarded Richardson Road. The area is a thriving parade of independent businesses serving a loyal residential community and benefits from consistent footfall throughout the day. With low overheads and a versatile trading space, the property presents an ideal opportunity for an owner-operator or new business looking to capitalise on this highly sought-after location. The flexible E-Class use allows for a variety of potential business concepts, making it well suited to a range of retail, café, office, or service-based ventures, subject to landlord consent. The landlord has confirmed that the premises can trade until 9:00 pm, providing excellent potential for businesses seeking extended opening hours. Overall, this represents an excellent opportunity to establish or expand a business in a vibrant and well-supported trading area.
THE PREMISES: The beautifully presented E Class premises is located on Richardson Road, Hove, a thriving and well-supported parade of shops serving the local community. The property underwent a full refurbishment just two years ago and comes to the market in excellent condition throughout. Upon entering the double-fronted shop, customers are greeted by a large retail space. Towards the rear of the premises, is a stock room, kitchenette, and staff toilet, providing a practical and efficient layout for day-to-day operations.
TENURE: The premises are held on a full repairing and insuring lease, which has approximately 7 years unexpired at a current rent of £8,000 per annum with three yearly rent reviews. The lease has the full protection of the 1954 Landlord & Tenant Act.
RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the premises is £7,400 per annum. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: This E-Class premises occupies a fantastic position within a busy and prosperous parade of shops in central Hove, benefiting from consistent footfall throughout the day. With low overheads and a versatile trading space, the property presents an ideal opportunity for an owner-operator or new business looking to capitalise on this highly sought-after location. The flexible E-Class use allows for a variety of potential business concepts, making it well suited to a range of retail, café, office, or service-based ventures, subject to landlord consent. Overall, this represents an excellent opportunity to establish or expand a business in a vibrant and well-supported trading area.
PRICE: We are instructed to quote for the lease (PLEASE NOTE: Business and fixture and fittings not included) £15,000
LEGAL FEES: Each party to be responsible for their own legal costs. Purchaser to pay for the landlord’s legal costs.
VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: The property has a rating of a C – full report available on request.
DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.
The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.
VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.
Prop. Ref: 6936M
These particulars are believed to be correct but their accuracy is not guaranteed and
they do not form any part of any contract
APPLICANTS CONFIDENTIALITY AGREEMENT
I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:
i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations
v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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