E CLASS PREMISE IN THE HEART OF KEMPTOWN WITH LARGE GARDEN ST JAMES STREET, BRIGHTON, EAST SUSSEX

This extremely well-presented E class premise occupies a prominent position on St James Street, in this bustling cosmopolitan part of Brighton’s famous Kemptown, surrounded by multi occupancy properties and well-known shops such as Morrisons, Boots the Chemist, Starbucks, etc. nearby. The business is also within close proximity to a number of law courts, large solicitors’ firms, police station and the American Express European Headquarters which has 4500 staff. Also, the Edward Street Quarter Development which has recently been finished is bringing 168 new homes to the area as well as 125,000 sqft of grade A office space, 20,000sqft of leisure, shops and hospitality facilities. At present the vendors are operating a bistro styled restaurant offering a breakfast, lunch and dinner menu and have been trading for the past 3 years. During this time they have developed a successful business, specializing in French cuisine and have received excellent reviews on Google Review, Just Eat, Deliveroo and Uber Eats. The business is now only coming to the market as the vendor’s wish to focus on other business opportunities.

THE PREMISES: Well-presented smart single fronted E class premise has seating for some 24 persons plus a very attractive south facing patio and decked garden to the rear, which is able to accommodate a further 40 persons alfresco. The garden is also equipped with a drinks bar. The premise comes to the market with a fine inventory of trade fixtures and fittings and a full inventory will be made available to any bona fide purchaser. We are assured by the vendor that all items of fixtures & fittings are owned by them, nothing is on hire purchase or lease. The preparation area and kitchen are to the rear of the premises, which has been recently fully refurbished and has full extraction. There is a separate male and female toilet to the rear, with easy access to the large walled garden. The large basement is accessed from the garden and was recently converted into another kitchen, which also has extraction, a preparation area, washing up area and a walk-in chiller and freezer and is ideal for serving the garden during the busy summer months.
PREMISE MEASUREMENTS:
Main seating area – 11’ 01” x 27’ 10”
Bar Area – 10’ 05” X 8’ 07”
Kitchen – 13’04” X 8’ 07”
Garden – 19’ 10” x 14’ 01”

TURNOVER: We are informed that the business currently averages £300,000 per annum. The vendor works full time in the business, with the assistance of two full time kitchen staff and 2 full time and 1 part time front of house staff members. Hours of Opening: 8am to 6pm Monday to Sunday.

TENURE: The premises are held on a new 12-year full repairing and insuring lease at a commencing rental of £23,000 per annum. Upward only rent reviews to take place every 3 years.

RATES: We have been verbally informed that the rateable value is £11,500 and the current rates payable are £1,434.62 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL Fantastic area right in the middle of Kemp Town. We earnestly advise immediate inspections to avoid disappointment. Large garden.

PRICE: We are instructed to quote for the lease, equipment, trade fixtures and fittings £150,000 SAV

LEGAL FEES: Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the staff without a prior appointment through the vendor’s sole agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: Rated Band D, full report available on request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.

Prop. Ref: 6708C

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT
I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:

i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations
v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial