Brighton Office:
01273 70 10 70
Crawley Office:
01293 40 10 40
Brighton Residential:
01273 60 10 60
Haywards Heath:
01444 45 84 44
To Let/For Sale: Members Club/Bar with S/C Studios Apartments Over

31 Old Steine, Brighton, BN1 1EL

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

On the east side of the Old Steine, adjacent to Club revenge and Harry Ramsdens, overlooking Old Steine Gardens and a short walk to Brighton Palace Pier and the beachfront, Brighton Lanes shopping and the city centre in general.

St James Street is close by which is the direct link into the popular Kemp Town area of Brighton.

KEY FEATURES

  • Four Storey Period Building
  • Overlooking Steine Gardens
  • Fitted Club and Refurbished Studio Apartments
  • Adjacent to Brighton Seafront

A prominent and highly visible four storey period building overlooking Steine Gardens and the seafront, comprising private members bar arranged over ground, lower ground and part first floor together with three refurbished studio apartments and two smaller letting rooms with on-suite facilities. A unique opportunity for an owner occupier or investor to acquire a prime central Brighton freehold.

PROPERTY DETAILS

Members Nightclub/Bar, plus five s/c apartments over.
Members Nightclub/Bar Accommodation only 720 sq ft (66.89 m2)

ACCOMMODATION

Four storey building arranged over ground, three upper floors and lower ground floor as follows;

Ground floor 425 sq ft.

Lower ground floor 224 sq ft.

part First floor 71 sq ft.

Total Commercial Accommodation - 720 sq ft (67 m2)

Members Club can be leased separately from the residential upper parts on a new lease basis.

Self contained upper parts leading to three studio apartments, all front facing and two rear rooms all with on-suite facilities (shower and wc) plus galley kitchen/electric cooking facilities.

AMENITIES

  • Fully fitted licensed Members nightclub and bar (further information on request).
  • Newly refurbished studio apartments on upper floors.
  • Ground floor entrance to Nightclub/Bar.
  • Self contained rear entrance from Steine Street to upper parts with accommodation.
  • Pavement licence for outside seating.

FREEHOLD INTEREST

Offers invited on a price guide of £750,000 (seven hundred and fifty thousand pounds) with either full vacant possession on completion or subject to any tenancy income.

Currently the commercial members club is vacant and the income from the residential upper parts is estimated at £700 pcm for the studios and £350 pcm for the rear letting rooms - total income projected at £2,800 pcm / £33,600 per annum.

If the members club/bar was let at £20,000 pa then the potential income would increase to £53,600 pa.

LEASEHOLD

The commercial element can be leased separately from the residential upper parts at a commencing rental of £20,000 pa, exclusive.

Members Nightclub/Bar, plus five s/c apartments over. For Sale: £750,000
Members Nightclub/Bar Accommodation only To Let: £20,000 pa

Lease

A new lease for a term to be negotiated for the commercial element only.

Commencing rental £20,000 per annum, exclusive.

Rent Review

By negotiation.

Repairing Liability

Internal Repairing & Shopfront only.

Business Rates

  • Billing Authority: Brighton & Hove
  • Description: Cafe & Premises
  • Rateable Value: £9,100
  • Rates Payable: £4,240
  • Valid from: 01 April 2017 (current)

  • Billing Authority: Brighton & Hove

  • Description: Self catering holiday units and premises
  • Rateable Value: £7,800
  • Rates Payable: £3,634
  • Valid from: 01 April 2017 (current)

VAT

The building is not elected for VAT.

Legal Fees

Each party to be responsible for their own legal costs.

Viewing Arrangements

Strictly via prior appointment through sole agents Graves Jenkins.

CONTACT

Phil Graves
[email protected]

James Haywood
[email protected]


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.