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: Prime Restaurant In The Sought After Lanes

42 Meeting House Lane, Brighton, BN1 1HB

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

Brighton's famous Lanes area is renown for its exciting mix of retail concerns, restaurants and individual shops. Popular to local residents and tourists alike, the area expereinces a busy and constant pedestrian flow at all times of the year, both day and night. The close by Brighton Square will soon be subject to a major refurbishment and modernisation programme involving new shopfronts and main cladding to create a more contemporary feel to the Square, new paving to the central Square area and new signage throughout. The destination restaurant 'Coppa Club' will open shortly.

KEY FEATURES

  • Established Prime Lanes Pitch With Superb Footfall
  • Fully Licenced - A3/A4 Use Plus Music Licence
  • Currently Set-Up For 70 Covers - More Possible
  • Available Due To Retirement And Other Business Interests

This prime restaurant in the heart of Brighton's historic Lanes area of the city, is currently trading as established and locally recognised 'Ole Ole Tapas Bar'. There is the opportunity for a new occupier to continue trading in these inviting surroundings, whilst also creating and launching their own unique restaurant experience. Full licences (A3/A4) are available.

PROPERTY DETAILS

Prime Ground Floor Restaurant In The Lanes 1339 sq ft (124.40 m2)

ACCOMMODATION

A hugely prominent restaurant in the heart of The Lanes area of Brighton, positioned in a busy shopping throughfare. Large attractive frontage with central glass entrance door with additional window seating.

  • Gross Frontage - 18'11
  • Maximum Internal Width - 18'5
  • Maximum Internal Depth - 54'5
  • Total Restaurant Trade Area - 675 sq ft (62.7 sqm)
  • Total Ground Floor Accommodation - 1,339 sq ft (124.4 sqm)

Ground Floor Restaurant - Open plan area, with raised stage area purpose built for nightly entertainment. The restaurant itself caters for 70 covers currently. To the rear, is a substantial and fully fitted kitchen with full extraction system, six ring gas hob with industrial oven under, stainless steel surfaces throughout with further sink plus preparation area (19'7 x 13'4 - 261 sq ft max).

Further fitted bar area together with separate office space. A w/c block provides for male and female services.

Prime Ground Floor Restaurant In The Lanes To Let: £21,300 pa

Lease

An assignment of the existing lease to expire 2026.

Rent - £21,300 per annum

Rent Review

Next review 2022.

Repairing Liability

Full Repairing and Insuring

Premium

£100,000 (One Hundred Thousand Pounds) for this prime leasehold interest to include the lease, all fixtures and fittings and goodwill attached. Full inventory available upon request.

Business Rates

Billing Authority: Brighton & Hove Description: Restaurant and premises Rateable Value: £38,250 Rates Payable: £18,321 Valid from 01 April 2017 (current)

VAT

VAT is payable on the terms quoted.

Legal Fees

Ingoing tenant to pay for all legal costs associated with this transaction.

Viewing Arrangements

Strictly via prior appointment through sole agents Graves Jenkins.

CONTACT

Phil Graves
[email protected]

James Haywood
[email protected]

Angela Gregory
[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.