E CLASS RESTAURANT YORK PLACE, BRIGHTON VALUABLE ALCOHOL LICENCE

The licenced E class restaurant is located on York Place, which has recently been invested in heavily by Brighton and Hove City council as part of the Valley Gardens improvements scheme. The restaurant is located on the corner of York Place and Trafalgar Street and is highly visible from both pedrestians and people driving past. York Place is one of Brighton’s busiest thoroughfares on the edge of the famous North Laines. The concern is surrounded by local universities, catering and art colleges and on the direct walkway to Brighton mainline railway station and shopper’s pedestrian way from the heart of the Brighton shopping centre to the London Road and Lewes Road neighbourhoods.

THE PREMISES: The desirable corner premises has the benefit of windows down the length and front of the property, ensuring the restaurant is flooded with natural light. The restaurant provides seating for 28 covers inside, with the option of a further 24-30 outside by way of a pavement licence. The open plan kitchen is towards the rear of the premises and was recently fully refurbished with full commercial extraction installed.
The premises come to the market in excellent condition and all equipment has been regularly maintained and serviced. The toilets are in the basement. Along with a washing up area and several commercial upright fridges. There is also a large storeroom and office. The premises is also fitted with air conditioning and CCTV.
ALCOHOL LICENCE: Licence -1445/3/2024/01276/LAPREN
– Sale by Retail of alcohol consumed on the premises. Between the times of – 11:00:00 – 23:00:00 Every Day.
TENURE: The entire premises are held on a new 12-year full repairing and insuring lease at a current rental of £23,000 per annum. Rent reviews to take place every 4 years.

RATES: We understand by the vendor that the rates payable amount to zero, due to the small business rate relief scheme. The rateable value for the property is £11,250 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: The premises was personally inspected by the vendors sole selling agents who can thoroughly recommend this business. Ideal location with a high footfall. Secure lease at reasonable rental. Early inspections advised. Valuable Alcohol licence. Fully fitted commercial kitchens.

PRICE: We are instructed to quote for the lease, alcohol licence and fixture and fittings £70,000 SAV

LEGAL FEES: Each party to be responsible for their own legal costs. The purchaser to cover the costs of the landlord’s legal costs.

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

ENERGY PERFORMANCE CERTIFICATE: The premises has been marked a Band B, the full report is 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 and rents 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: 6811C

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 etc. 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.