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 Brighton Seafront Restaurant

127A Kings Road , Brighton, BN1 2FA

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

Situated on one of Brighton's main roads, the A259 leading into and out of Brighton city centre. Local and national commercial occupiers are close by including The Salt Room, Hilton Brighton Metropole, The Brighton Centre and British Airways i360. Brighton Seafront is directly opposite and the vibrant Preston Street is a short distance away.

KEY FEATURES

  • Seafront Location
  • High Pedestrian Flow both Day & Night
  • Fully Fitted
  • Opposite British Airways i360

An opportunity to acquire a fully fitted, fully licensed and established seafront restaurant premises trading at lower ground floor with fully fitted kitchen, bar area and outside terrace to front. Further storage can be found externally at the rear of the premises and also at first floor level.

PROPERTY DETAILS

Lower Ground Floor Restaurant 761 sq ft (70.70 m2)

ACCOMMODATION

An attractive restaurant premises catering for approximately 50 covers and fitted to a high specification throughout. Front forecourt and rear outside area are also provided with storage at ground and first floor levels. Comprising of the following;

  • Gross Frontage - 17'
  • Maximum Internal Width - 16’5"
  • Maximum Internal Depth - 36’ 3”
  • Total Restaurant Accommodation - 761 sq ft

Restaurant trading area at lower ground floor level. Main entrance leads to an open plan seating area with rear bar and kitchen. Free standing table and chairs are throughout with tile flooring, spot lighting, air conditioning, speaker system and customer w/c facility. - 515 sq ft.

Kitchen - Fully fitted kitchen with full extraction system, stainless steel fittings, 2 x grill hot plates, gas oven with burner hob over, 2 x fryer, double unit stainless steel commercial wash basin, large cold room and further separate free standing appliances. There is also a separate prep area and access is available to the rear with outside w/c and garage storage area. Further external stairs lead to the first floor store room. Access is also provided from Queensbury Mews. A full inventory is available on request. - 246 sq ft.

Lower Ground Floor Restaurant To Let: £42,500 pa

Lease

Held for a term of 16 years from 8th August 2018, protected by the landlord and tenant act 1954.

Passing rent - £42,500 per annum exclusive.

Rent Review

30th June 2022 and every fourth anniversary of that date.

Repairing Liability

Effective Full Repairing and Insuring by way of a Service Charge.

Premium

Offers invited of £50,000 (fifty 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: £31,500
  • Rates Payable: £15,466
  • Valid from: 2019 (current)

VAT

The property may be elected for VAT and therefore VAT may be payable 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.