Exceptional Fully Equipped Restaurant – 42 Covers Prominent Western Road Position on the Brighton &

This impressive restaurant occupies a highly prominent trading position on Western Road, one of the city’s principal thoroughfares, benefiting from substantial levels of pedestrian and vehicular traffic throughout the day. The premises are located close to affluent residential population and diverse mix of independent operators, retailers and hospitality businesses. Having traded successfully from the premises for approximately nine years, the restaurant has established itself as a well-regarded local destination. The vendors are now considering relocation and, as such, are offering the lease together with the benefit of the extensive fixtures, fittings and equipment. The premises offer considerable flexibility and would be suitable for a wide range of hospitality and catering concepts, subject to any necessary consents.

THE PREMISES: This exceptional restaurant occupies a prominent position on Western Road, one of the city’s busiest thoroughfares, benefiting from constant passing trade and major bus routes running directly along it. The premises are also conveniently located in an area well known for its mix of residential, retail and hospitality businesses. Upon entering, customers are immediately welcomed by stylish counter seating that wraps around both the bar area and the impressive open-plan theatre-style kitchen, creating an engaging and interactive dining experience. The restaurant is presented to the market in excellent condition and is fully fitted and equipped throughout, allowing a new operator to commence trading with minimal additional investment. Towards the rear of the premises is further table seating, providing a comfortable and inviting dining environment. The restaurant accommodates a total of 42 covers, including the attractive courtyard seating area adjacent to the premises, for which permission has been granted for customer use. The lower ground floor houses the customer toilet facilities, together with a dedicated office, drinks store and a substantial preparation kitchen. This well-appointed kitchen benefits from extraction, a separate wash-up area and extensive stainless-steel work surfaces and storage units throughout. In addition, a fully operational dumb waiter services the kitchens, providing efficient transportation between floors and enhancing the overall functionality of the business. This is a rare opportunity to acquire a beautifully presented and fully equipped restaurant in a highly sought-after trading location, suitable for a variety of dining concepts.

PREMISES LICENCE: Sale of retail alcohol - 10:00:00 - 00:00 Monday- Friday 12:00:00 - 23:30:00 Friday-Saturday

TENURE:  The premises is currently held on a full repairing and insuring lease, which has approximately 1  year unexpired at a current rent of £45,000 per annum, exclusive of VAT.  The new rent is expected to be circa £47,000 per annum and the landlord’s would require a 6 months rent deposit. 

RATES: The rateable value is £30,500 per annum and the current rates payable are £7,833 per annum. Prospective occupiers should make their own enquiries to verify same. 

GENERAL REMARKS: This superb restaurant opportunity occupies a prime location in Brighton and Hove, benefiting from strong year-round footfall and excellent visibility. The premises are fitted to a high standard throughout and come complete with a wealth of quality commercial fixtures and fittings. Offering 42 covers inside and outside, the sale includes the fixtures and fittings, lease, and premises licence (trading name excluded). A new secure lease is available, making this an ideal opportunity for an operator looking to establish their own brand in a highly desirable location.

PRICE: We are instructed to quote for the lease, premises licence, fixture and fittings - £55,000 SAV (please note trading name excluded). 

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:  The premises has been rated a Band D and 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: 6954C

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.