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: Substantial Newly Refurbished Restaurant- Brighton

86-87 Preston Street, Brighton, BN1 2HG

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

Situated towards the southern end of Preston Street and close to the junction with Kings Road and Brighton’s famous seafront promenade. This particular property is surrounded by other commercial units, largely of which include restaurants and recreational outlets such as, Copper Rooms, Siam Siam, Medusa and Adelfia. Brighton city centre, including the popular shopping area of Western Road and Churchill Square are within walking distance.

KEY FEATURES

  • Substantial Restuarant Premises On Preston Street
  • Newly Refurbished To A High Sandard By Current Occupier
  • Available Due To Relocation & With A3 Plus A4 Licence
  • 70 Covers With Further Outside Seating Available

An opportunity to acquire this prime restaurant at the Southern End of the popular Preston Street restaurant district of the city. The premises has recently undergone a substantial refurbishment by the current occupier and is available due to relocation. Currently with 70+ covers plus further outside seating. There is an A3 (restaurant) plus an active A4 licence.

PROPERTY DETAILS

Ground and First Floor Restaurant Premises 1552 sq ft (144.19 m2)

ACCOMMODATION

  • Gross Frontage - 45'
  • Internal Width - 42'5 (max)
  • Internal Depth - 37'3 (max)
  • Total Ground Floor Accommodation - 1,231 sq ft (114.3 sqm)
  • Total Accommodation - 1,552 sq ft (144.2 sqm)

Substantially fitted out by the current occupier, with the benefit of full glass floor to ceiling height window frontage offering views to Brighton Seafront, which could be opened up in full by way of integrating bi-fold doors. Vast seating area catering for approximately 70 covers (more possible), whilst a further South Facing seating area allows for a further trade. There is a well positioned bar area on entrance, which provides access through to the kitchen/preparation area. Air conditioning in part serves the main restaurant area with wood flooring plus recessed lighting fitted throughout. A rear access door leads to an under utilised courtyard area.

Fitted Kitchen with large open grill together with six ring gas hob and oven under, and full extraction over. A walk-in chiller together with a variety stainless steel preparation areas plus fridge/freezers throughout. A full inventory is available upon request - (281 sq ft).

First Floor Consists of newly refurbished male and female w/c facilities, together with office/store room (40 sq ft). There is also further eaves storage.

NB: The current occupiers are seeking a further late drinking licence (currently this is until 11:30pm), plus have also explored the potential expansion of the restaurant on the first floor. Further documentation can be provided upon request.

Ground and First Floor Restaurant Premises To Let: £30,000 pa

Lease

Lease For 20 yrs From 22 December 2016.

Rent - £30,000 per annum.

Rent Review

Upwards only every five years.

Repairing Liability

Full Repairing and Insuring.

Premium

A Guide Price of £95,000 (Ninety Five 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: £33,000 Rates Payable: £16,269 alid from 01 April 2017 (current)

VAT

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

Legal Fees

The ingoing tenant to cover all legal fees associated with the 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.