ON THE INSTRUCTIONS OF D J WHITEHOUSE AND S MUNCASTER OF DUFF AND PHELPS ACTING AS JOINT FIXED CHARGE RECEIVERS
Freehold Restaurant/ Takeaway Investment • Let to Pizza 2 Night Limited • Lease expires 2025 (No breaks) • Maisonette above included in lease
• Located in established local retail parade
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Position The property is located on the eastern side of Boundary Road, in a local retail parade approximately half a mile south of Portslade Railway Station and about 2 miles from Hove town centre.
Nearby: Kwik-Fit, Martin McColl’s, Barclays and NatWest banks and Post Office
Description RESTAURANT/TAKEAWAY arranged on the ground floor with a self-contained maisonette arranged on the first and second floors.
Restaurant/Ancillary Residential – understood to comprise a Two Bedroom Flat
Total Commercial Area (1) Areas provided by the Vendor.
Tenant PIZZA 2 NIGHT LIMITED (t/a Pizza Pasta)
Lease Term: 20 years from 28th June 2005 Basis: FRI Rent: £18,500 per annum Reviews: 2015 and 2020 Expiry: June 2025
VAT is applicable to this lot – please see Special Conditions of Sale.
NB. This property is being marketed on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Net Internal Areas
65.49 sq m –
65.49 sq m
(705 sq ft) (–)
(705 sq ft)
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Hill Dickinson LLP. t: 0151 600 8471. e: victoria.lowe@hilldickinson.com Ref: Ms V Lowe.