Prime Fully Fitted Restaurant Preston Street, Brighton

An excellent opportunity to acquire a fully fitted restaurant occupying a prime trading position on the highly sought-after Preston Street in Brighton, just moments from the seafront and the iconic Brighton i360. Preston Street is one of Brighton’s premier hospitality destinations, benefitting from strong year-round footfall from both local residents and the city’s thriving tourist trade. Excellent public transport links and nearby parking further enhance the location. The restaurant most recently traded as a Mexican restaurant, and the vendors are offering the lease for sale together with the benefit of the extensive fixtures, fittings and catering equipment, providing a genuine turnkey opportunity. The premises would suit a wide range of restaurant, café or other hospitality concepts, subject to any necessary consents, making this an ideal opportunity to establish a business in one of Brighton’s most popular dining locations.

THE PREMISES: The restaurant is exceptionally well presented throughout and occupies a highly sought-after trading position at the northern end of Preston Street, just a short stroll from the seafront and the iconic Brighton i360. Arranged over the ground floor and basement, the premises offer approximately 45 covers internally, complemented by an additional 12 covers to the front of the premises, providing excellent al fresco dining opportunities. The ground floor has been fitted out to a high standard, creating a stylish and welcoming dining environment, with comfortable bench seating running along one side of the restaurant. To the rear of the dining area is a well-appointed bar and drinks preparation station, ideally positioned to service customers efficiently. Adjacent to the bar is the fully fitted commercial kitchen, equipped with stainless steel catering equipment and commercial extraction. A particularly valuable feature is the dedicated service hatch opening onto Little Preston Street, allowing deliveries and collections to take place discreetly without passing through the customer dining area. The basement provides excellent ancillary accommodation, including customer WC facilities, a secondary preparation kitchen, generous dry storage space, and a walk-in chiller, offering ample support for busy trading periods.

TENURE:  The premises are currently held on a full repairing and insuring lease for a total term of 16 years, which expires on the 30th August 2039. The current rental is £35,000 per annum and the next rent review is 31 August 2027.

RATES: The rateable value is £26,000 per annum and the current rates payable £6,972.28 per annum, due to the small business rate relief scheme. Prospective occupiers should make their own enquiries to verify same.

PREMISES LICENCE: 2023/04800/LAPRET. Allows for the sale of retail alcohol between Monday-Saturday 10am-12am and 12-m-11:30pm on Sundays.

GENERAL REMARKS: Fully fitted restaurant located on busy Preston Street in Brighton, just minutes from the seafront and i360 Tower. The premises benefit from excellent footfall from both locals and tourists, with nearby parking available. Providing approximately 45 covers inside and 12 outside. Held on a secure lease, this is an excellent turnkey opportunity in a prime trading location.

PRICE: We are instructed to quote for the lease, premises licence, fixture, and fittings £60,000 SAV.

LEGAL FEES:  Each party to pay 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 was rated a band C, 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:        6955C

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.