Brighton Office:
01273 70 10 70
Crawley Office:
01293 40 10 40
Brighton Residential:
01273 60 10 60
Haywards Heath:
01444 45 84 44
Under Offer: Restaurant Premises With Residential Accommodation

62 Middle Street, Brighton, BN1 1AL

Interested in this property? Call our Brighton Office : 01273 70 10 70

Middle Street is in the heart of central Brighton, in the well renown south Lanes area of the city. The property itself forms part of an established catering parade with other occupiers such as The Coach House Restaurant & Bar, the Hop Poles Pub, and Number 1 Middle Street Bar & Lounge. Brighton seafront is within close proximity.

KEY FEATURES

  • Restaurant With Residential Accommodation Above
  • Superb Lanes Location Close To Brighton Seafront
  • Covered Outside Seating Area
  • Fully Licenced

A rarely available entire property in the Lanes.This established restaurant, which has been trading in excess of 15 years, is available and benefiting from A3 (restaurant) and A5 (take away) consent. There is further covered outdoor seating available, together with a self-contained residential accommodation consisting of a four bedroom flat.

PROPERTY DETAILS

Ground Floor Restaurant Area With Basement And Outside Covered Seating 1520 sq ft (141.21 m2)
First and Second Floor Residential

ACCOMODATION

From Middle Street, the premises consists of the following;

Ground Floor Restaurant Area: Restaurant with currently 58 covers, separate bar area and drinks store. There is a secondary seating area on an upper ground floor level allowing for a further 16 covers, with access to the rear covered seating area. The kitchen is accessed via a staircase leading to the basement area. 714 sq ft ( 66.3 sq m)

  • Gross Frontage - 20'3
  • Internal Width - 19'0
  • Internal Depth - 30'0

Covered Seating Area: There is a covered seating area with approximately 20 covers which is fully enclosed. With wooden deck flooring and plastic roofing. There is recess lighting, with access from the basement area to this level. 384 sq ft (35.7 sq m)

Basement level consisting of a large fully serviced kitchen. Full inventory available on request. Together with male and female separate WC's. 422 sq ft (39.2 sq m)

The residential flat is accessed separately.

Ground Floor Restaurant Area With Basement And Outside Covered Seating To Let: £23,000 pa
First and Second Floor Residential To Let: £9,600 pa

Lease

New Lease for a term of 12 years, expiring October 2028.

Rent - £32,600 per annum exclusive.

Rent Review

Every four years.

Repairing Liability

Full Repairing and Insuring.

Premium

£85,000 (eighty five thousand pounds) to include all fixtures and fittings plus goodwill attached.

Business Rates

  • Billing Authority: Brighton & Hove
  • Description: Office and Premises
  • Rateable Value: £45,250
  • Rates Payable: £22,489
  • Valid from: 01 April 2010 (current)

VAT

The property is elected for VAT, therefore VAT is payable on the terms quoted.

Legal Fees

The in-going tenant to pay all legal costs associated with the transaction.

Viewing Arrangements

Strictly via prior appointment through sole agents Graves Jenkins.

CONTACT

George Dobson BSc (Hons) MRICS
dobson@gravesjenkins.com


These particulars are believed to be correct but their accuracy is not guaranteed. They do not form any part of any contract. You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement.