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01273 70 10 70
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01293 40 10 40
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01273 60 10 60
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Lease For Sale: Established Restaurant Bar in Norfolk Square

50 Norfolk Square , Brighton, BN1 2PA

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

A recently refurbished and well presented restaurant bar premises, situated in the popular trading area of Western Road, which is the major commercial thoroughfare linking Brighton City Centre to Hove. Within the vicinity is a range of established businesses ranging from restaurants, take-aways, licenced bars, estate agents with both Waitrose supermarket and Bankers restaurant a short walk, The Temple Bar is also located a few doors away.

KEY FEATURES

  • Established Restaurant & Bar
  • Prominent Location Along Western Road
  • Recently Refurbished
  • Lease For Sale with Premium

A prime restaurant bar premises recently refurbished throughout by the current tenant. An opportunity to acquire a fully fitted premises with the necessary licences and planning. Located along the southern side of Norfolk Square with excellent footfall, there is an opportunity for a new occupier to continue trading or create their own unique restaurant bar experience.

PROPERTY DETAILS

Ground Floor Restaurant with Lower Ground Floor Storage 892 sq ft (82.87 m2)

ACCOMMODATION

A prominent restaurant bar in the heart of Western Road, Brighton, with a large attractive frontage and additional outside seating.

  • Gross Frontage - 11'
  • Maximum Internal Width - 16'
  • Maximum Internal Depth - 31'11
  • Total Restaurant Trade Area - 384 sq ft (35.6 sqm)
  • Total Ground and Lower Ground Floor Accommodation - 892 sq ft (82.8 sqm)

Ground Floor Restaurant - currently configured as an open plan restaurant bar, with bank style seating, catering for approximately 35 covers. There is a newly fitted bar and fully fitted kitchen area with extraction. - A full inventory is available on request.

Lower Ground Floor - Two open plan rooms for storage use only. Customer w/cs are also located at this level. - Room one 23'9 x 14'6. Room two 4'1 x 16'6.

BUSINESS

The current business has been in operation since 2015 and has been successfully run as a quirky, boutique cafe bar with full A3 licencing. The current owners have designed and refurbished the interior with the bar itself created from reclaimed wood.

Ground Floor Restaurant with Lower Ground Floor Storage To Let: £14,500 pa

Lease

An existing 10 year lease dated from February 2014.

Commencing Rent - £14,500 per annum inclusive of the Service Charge.

Rent Review

To be confirmed.

Repairing Liability

Effective Full Repairing and Insuring Lease.

Premium

£75,000 (seventy five thousand pounds) is being requested for the benefit of the existing lease, A3 consent, licensing and fixtures and fittings - a full inventory is available on request.

Business Rates

Billing Authority: Brighton & Hove Description: Restaurant and premises Rateable Value: £13,750 Rates Payable: £6,325 Valid from 01 April 2017 (current)

VAT

The property is elected for VAT and therefore VAT is quotable on the terms.

Legal Fees

Ingoing tenant to be responsible for all legal fees 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.