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: Prime City Centre Restaurant

7 Pool Valley , Brighton, BN1 1NJ

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

Pool Valley is situated in the heart of Brighton & Hove City Centre, being the main bus/coach terminus. It lies adjacent to the local landmark of the Old Steine, within easy walking distance of Brighton seafront and Brighton Pier and next to the popular thoroughfare of East Street and Brighton Lanes. Local traders include Pitcher and Piano, Barbour, GAP, English's of Brighton and Russell & Bromley.

KEY FEATURES

  • City Centre Restaurant
  • Close to Brighton Seafront
  • Fully Fitted
  • Viewing Recommended

An opportunity to acquire a fully fitted and established restaurant premises over ground, lower ground, first and second floors. The premises has full A3 restaurant consent and the former occupiers are now relocating.

Restaurant trading at ground, first and second floors with fitted kitchen and storage at lower ground floor.

PROPERTY DETAILS

Trading over Three Floors with Lower Ground Floor Kitchen 1198 sq ft (111.30 m2)

ACCOMMODATION

A hugely attractive restaurant over four floors offering approximately 55 covers, and is fitted to a high specification throughout, with free standing quality tables and chairs, banquet seating and natural wood flooring.

  • Gross Frontage - 15'
  • Maximum Internal Width - 14’ 6”
  • Maximum Internal Depth - 24’ 7”
  • Total Accommodation - 1,198 sq ft
  • Restaurant Trading Area - 886 sq ft

Restaurant trading area on ground to second floor. Each floor has a single use w/c facility, serving area with EPOS Till system, Dumbwaiter and Air Conditioning. Further storage areas can be found at each level with a small office on the second floor.

Lower Ground Floor - Fully fitted throughout with stainless steel fittings and separate free standing appliances. - 312 sq ft.

A full inventory is available on request.

Trading over Three Floors with Lower Ground Floor Kitchen To Let: £19,250 pa

Lease

Held for a term of 15 years from 24th April 2018, protected by the landlord and tenant act 1954.

Passing rent - £19,250 per annum exclusive.

Rent Review

18th September 2022 and every fifth anniversary of that date

Repairing Liability

Full Repairing and Insuring.

Premium

Offers invited of £55,000 (fifty five thousand pounds) for the current valuable leasehold interest, extensive fixtures and fittings and licensing.

Business Rates

  • Billing Authority: Brighton & Hove
  • Description: Restaurant and Premises
  • Rateable Value: £13,250
  • Rates Payable: £6,505
  • Valid from: 2019 (current)

VAT

The property may be elected for VAT and therefore VAT may be applicable on the terms quoted.

Legal Fees

Ingoing tenant to cover both parties legal fees associated with this transaction, to include the landlord.

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.