Freehouse Pub in central Brighton with 2am Licence & Profitable 10 Bedroom HMO

Freehouse Pub in central Brighton with 2am Licence &

Profitable 10-Bedroom HMO

The freehouse pub occupies a prominent corner plot in the centre of Brighton, close to several

large hotels and close to the seafront. Brighton is one of the UK’s most popular coastal

destinations, attracting millions of visitors each year and benefiting from a vibrant late-night

economy. The premises also hold a 2am licence on Friday and Saturday nights, allowing the

business to capitalise on the city’s busy weekend nightlife. The business has been under the

current vendor’s ownership since 2022 and has undergone a full refurbishment, building a

loyal customer base and achieving excellent online reviews (4.5★ on Google). The kitchen is

currently sub-let to an independent operator, providing an additional income stream. The sale

is due solely to the vendor wishing to focus on other business opportunities. The premises

also benefit from a highly profitable 10-bedroom HMO above the pub. There is potential to

reconfigure the accommodation into three self-contained flats, or alternatively explore uses

such as short-term holiday lets, language school accommodation, or council temporary

accommodation, subject to the necessary consents.

THE PREMISES: The pub occupies a prominent corner position in the centre of Brighton and

is arranged over the ground floor and basement, providing seating for approximately 60

covers. On entering the premises there is a spacious and well-presented bar area with 10 beer

taps and under-counter drinks fridges. Adjacent to the bar is a fully fitted commercial kitchen,

finished to a high standard and benefiting from a convenient service hatch. A small number of

kitchen equipment items are excluded from the sale and a full inventory can be provided upon

request. The cellar is located in the basement, where there is also a newly installed air

conditioning unit, along with separate ladies’ and gents’ customer toilets. As part of the recent

refurbishment the premises were upgraded with new three-phase electrics, and the property

further benefits from a sound system and CCTV, making it well suited for both daytime and

late-night trading.

ACCOMMODATION: The pub also benefits from a 10-bedroom HMO with a separate kitchen

and three bathrooms. The accommodation is currently configured as a mix of small HMO’s

and private accommodation. The rooms are currently let individually and generate an

additional £90,300 per annum in rental income. There is significant potential to reconfigure

the accommodation to create three self-contained flats, or alternatively explore other options

such as short-term holiday lets, language school accommodation, or council temporary

accommodation, subject to the necessary consents.

ALCOHOL LICENCE: The premises licence allows for the following –

Performance of Live and recorded Music Sunday - Thursday 09:00 - 01:00 and Friday -

Saturday 09:00 - 02:00

Sale by Retail of Alcohol Alcohol consumed on premises: Sunday - Thursday 09:00 - 01:00

and Friday - Saturday 09:00 - 02:00TURNOVER: The pub currently trades Thursday 4pm-10pm, Friday and Saturday 12pm-12am

and 12pm-8pm on Sunday. The kitchen is currently sub-let to an operator and trades Friday

5pm-9pm, Saturday 12pm-9pm and 12pm-6pm on Sunday. from April the trading hours will

increase to include Wednesday. The current weekly turnover is approximately £4,000- £5,000

per week for the bar sales, excluding private hire turnover. The vendor also receives an

additional £2,000 per week from the kitchen sales. The HMO generates an annual rental

income of £90,300. The business is currently fully staffed and the core staff consists of 1 full

time GM, 2/3 part time bar staff, which will increase going into the Spring.

TENURE: The premises is held on a full repairing and insuring lease. There is currently 17 years

remaining on the lease at a current rental of £65,000 per annum. Rent reviews to take place

every 5 years.

RATES: We have been verbally informed that the current rates payable at present are

£11,828.60 per annum, as the premises is benefiting from the small business rate relief

scheme. The rateable value for the property is £35,500 per annum. Prospective occupiers

should make their own enquiries to verify same.

GENERAL REMARKS: Well-presented pub and kitchen in a central Brighton, benefiting from

strong year-round footfall. Ideally positioned close to major hotels and conference centres,

attracting both tourists and local trade. The premises also include a profitable HMO, providing

an additional income stream. Offered with a secure council lease, this is an excellent

opportunity to acquire a well-located hospitality business with multiple revenue streams.

PRICE: We are instructed to quote for the share value of the company which will include the

lease, goodwill, premises licence, equipment, trade fixtures and fittings £225,000 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: Our client is in the process of obtaining an EPC.

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: 6931C

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) ii) View businesses registered with Watkins Commercial by appointment only.

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) v) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

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