Brighton Office:
01273 70 10 70
Crawley Office:
01293 40 10 40
Brighton Residential:
01273 60 10 60
Haywards Heath:
01444 45 84 44
Lease For Sale: Long Established Village Restaurant

55-57 Marine Drive, Rottingdean, BN2 7HQ

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

Rottingdean is a coastal village approximately 6 miles east of Brighton city centre and close to the residential areas such as Woodingdean, Ovingdean, Saltdean, Kemp Town and Peacehaven. It is a very popular village with a range of pubs, a Tescos store, Costa coffee, High Street antique shops and tea rooms. It is a much sought after and quality residential area.

The High Street runs adjacent to the main A259 Coast Road/Marine Drive.

KEY FEATURES

  • Established Village Restaurant - Fully Fitted
  • Lease For Sale
  • Double Fronted Restaurant with Accommodation Over
  • Retirement Sale

A double fronted, fully fitted village restaurant established for over 12 years as an Indian restaurant and take away, but could be a variety of different types of catering outlet. catering for in excess of 70 covers, with bar area, kitchen, rear storage and self contained one bedroom accommodation over.

PROPERTY DETAILS

Restaurant with Accommodation Over 1198 sq ft (111.30 m2)

ACCOMMODATION

Restaurant

Gross Frontage 30'

Main entrance leading to;

West side restaurant area with bar - 557 sq ft.

East side restaurant area - 428 sq ft.

Rear kitchen - 242 sq ft.

Total Restaurant/Bar/Kitchen area - 1,198 sq ft*

Separate male/female wc's.

Rear outside stores - 124 sq ft.

Rear courtyard area with side exit to the High Street.

N.B - there is a self contained one bedroomed flat over which currently forms part of the lease, but could be separated to reduce the rent to £36,000 per annum, exclusive by arrangement with the landlord.

SPECIFICATION

Restaurant fitted with free standing tables and chairs catering for in excess of 70 covers, air conditioning, fully carpeted, suspended ceiling, strip lighting, wood panelled and decorated walls and hardwood shopfront.

Rear fully fitted bar area with beer on tap, full height glass fronted display and sink unit.

Kitchen with multi burner gas hob, various stainless steel preparation areas, 'tandoor' oven, worktops, fridges, chest freezers and more.

A full INVENTORY can be made available on request.

PREMISES

A3 (restaurant) and A5 (take away) licensed premises with food from 10am to 12.30am. Although the establishment is currently trading as an indian restaurant, the premises would be suitable for a variety of catering businesses.

Restaurant with Accommodation Over To Let: £46,000 pa

Lease

15 years from January 2006, expiring 2021 and we are advised it is protected by the Landlord & Tenant Act.

Rent £46,000 per annum, exclusive.

Rent Review

No further Rent Reviews until the expiry date.

Premium

Offers invited on a Premium of £40,000 (forty thousand pounds) for the benefit of the leasehold interest, all fixtures and fittings and goodwill.

Business Rates

Billing Authority: Brighton & Hove - Description: restaurant and premises - Rateable Value: £18,000 - Rates Payable: £8,838 - Valid from 2019 (current)

VAT

Vat maybe chargeable on the terms quoted.

Legal Fees

Ingoing tenant to pay both parties reasonable legal costs.

Viewing Arrangements

Strictly via prior appointment through sole agents Graves Jenkins

CONTACT


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.