VERSTAILE RESTAURANT/TAKE AWAY PREMISE IN FABULOUS SEAFRONT POSITION LATE DRINKING & EATING LICENCE BRIGHTON, EAST SUSSEX

This highly lucrative premise occupies probably one of the best trading positions on the seafront and within proximity to the local cinemas, conference centres and the club scene. Brighton is a major resort and is well known for providing facilities for holiday makers, day trippers and has many well-known Night Clubs, Bars, Restaurants, Theatres and Concert Venues. Unlike many other resort towns, the cities tourism season is extended due to its popularity as a conference venue and live entertainment throughout the year. The premise is adjacent to a long strip of various cafes, bars, tourist shops and is within a few minutes’ walk of the principal hotels. This versatile premise has previously been run as a fish & chip shop, burger bar and kebab shop and would suit nearly any choice of cuisine and is also ideally positioned and setup to accommodate a take away/delivery service.

THE PREMISES: The property trades from the ground floor and basement on a busy parade of shops overlooking Brighton’s seafront and in the centre of Brighton’s city centre and in very close proximity to clubs, late night bars and restaurants. The premises underwent a complete refurbishment in 2022, which means the premises comes to the market in excellent condition with a wealth of trade fixture and fittings, a full inventory can be provided upon request. In current configuration there is seating for 40 covers with an additional 14 covers available at the front of the property by way of a pavement licence. On entering the restaurant there is a large cooking area which includes charcoal grill, donner kebab machine, deep fat fryer, panini machine, cooker and 2 group coffee machine. There is also a chiller display counter and bain marie display counter. Towards the rear of the premise is the pizza making area with a new double pizza oven and marble top pizza preparation area. The customer toilets are also located at the rear of the premise. At the very rear of the premise is the back door which opens onto South Street and the owners have also created a hatch which is ideal for takeaway collections. The basement contains an additional fully fitted kitchen with commercial extraction and was used for food preparation and cooking. There is ample storage in the basement and includes several chest freezers and fridges. There is also a walk-in chiller room and an additional staff toilet. The premise is fitted with 16 CCTV cameras throughout and an alarm system.

TURNOVER: The business is no longer trading. The premises benefits from a much sought-after late-night refreshments licence, which allows them to open until 4am on Friday and Saturdays and till 3am from Sunday-Thursday.

ALCOHOL LICENCE: 1445/3/2021/02404/LAPRET
Late Night Refreshment
Times:
• 23:00:00 – 04:00:00 Friday – Saturday
• 23:00:00 – 03:00:00 Sunday – Thursday

Sale by Retail of Alcohol consumed:
Both on and off the premises
Times:
• 11:00:00 – 22:00:00 Every Day

TENURE: A new 12-year full repairing and insuring lease will be granted at a commencing rental of £35,000 per annum with upward only rent reviews taking place every 4 years.

RATES: We have been verbally informed that the Rateable Value is £12,750 and the current business rates Payable are approximately £3,500 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: This business was personally inspected by the vendors’ sole selling agents who consider same to represent an excellent opportunity to acquire a restaurant/take away in an excellent location on Brighton’s Seafront. Secure new lease, high footfall. Refitted to a very high standard. Early Inspections Advised.

PRICE: We are instructed to quote for the valuable lease, premises licence, 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 Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: The property has been rated a band E, the full report is available upon 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: 6806C

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.