E CLASS RETAIL UNIT CURRENTLY NOT TRADING PRESTON STREET, BRIGHTON

The E class retail premise is located on the southern end of Preston Street and is minutes from Brighton’s seafront and the i360 Tower. Preston Street is also only a short walk to Brighton’s principal shopping centre. The premises underwent a complete refurbishment and comes to the market in excellent condition.  Preston Street is a thriving area for restaurants, with many tourists and locals visiting this area.  The vendor opened the café in 2021. PLEASE NOTE: The business can only trade till 6pm.

THE PREMISES:  Single fronted attractive business, which has recently been refurbished. The cafe has seating for some 12 persons inside with the option of further seating available to the front the premise, subject to a pavement licence being granted. Towards the rear of the premises is serve over counter with the kitchen area directly behind this. There is a further preparation and cooking area in the basement. In addition to this there is another large room in the basement which the vendor is using for his tailoring business, along with a shower and toilet.

TENURE:   The premises is held on a full repairing and insuring lease at a current rental of £10,500 per annum. There is a rent review in 3 years’ time and there are 5 years remaining on the current lease.

RATES:   We have been verbally informed that the current rates payable amount to zero due to the small business rate relief scheme. The rateable value of the property is £6,500 per annum.

GENERAL REMARKS:  Ideal location with a high footfall throughout the year. Low overheads.

PRICE:  We are instructed to quote for the lease PRICE REDUCTION £15,000 SAV  

LEGAL FEES:  Each party to be responsible for their own legal costs. The purchaser to pay for the landlord’s agent and 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 rated band D, 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:         6763C

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.