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. The business was recently closed due to the vendor wishing to focus on other business opportunities. PLEASE NOTE: the business has the benefit of a late licence and can serve food till 1am from Monday-Thursday and till 3am on Friday and Saturday.
THE PREMISES: Well-presented double fronted E class premise which has seating for some 16 persons. 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. With a separate preparation and washing up area. The customer toilets are located in the basement where there is also additional storage. The premises is also fitted with CCTV.
TENURE: The premise is held on a full repairing and insuring lease at a current rental of £16,000 per annum and has 9 years remaining.
RATES: We have been verbally informed that the rateable value is £8,200 and the current rates payable are zero due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.
GENERAL Fantastic area right in the middle of Kemp Town. Versatile premise. We earnestly advise immediate inspections to avoid disappointment. Late license to serve food.
PRICE: We are instructed to quote for the lease, equipment, trade fixtures and fittings £90,000 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: 6713C
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
