Outstanding North Laine Location with Valuable Class E Use

The business occupies an exceptional trading position within Brighton’s highly sought-after North Laine, one of the city’s most vibrant and established commercial and leisure destinations. The North Laine is renowned for its eclectic mix of independent retailers, cafés, restaurants, bars and creative businesses, creating a distinctive destination that attracts both local residents and visitors throughout the year. The area benefits from a diverse customer base, with tourists, local residents, students and office workers all contributing to the consistently high footfall. Brighton Mainline Station is within easy walking distance, while the surrounding area is home to a significant number of offices and established businesses, further enhancing the location’s commercial appeal. The vendor is looking to relocate the business, creating an attractive opportunity for an incoming operator to secure a presence in this highly desirable part of Brighton. Currently configured for retail use, the premises provide a well-presented and versatile sales area, with all fixtures and fittings included in the sale. The quality of the existing fit-out provides a prospective purchaser with the opportunity to commence trading with minimal additional expenditure.

THE PREMISES: The single-fronted Class E premises have been comprehensively refurbished and fitted to a high standard, with all fixtures and fittings included in the sale and owned outright by the vendor. Currently configured for retail use, the premises benefit from a well-presented and versatile sales area, incorporating bespoke shelving and hanging displays, glazed display cabinets to the frontage and a central gondola unit. To the rear is a fitted serve-over counter together with a dedicated changing room. The property also benefits from a substantial basement, providing two separate stockrooms and a WC, offering valuable ancillary storage and staff facilities. The attractive courtyard garden is accessible from both the ground floor and basement. The premises are currently operated as a retail business specialising in clothing and jewellery; however, the valuable Class E use provides considerable flexibility and scope for a variety of alternative commercial uses, subject to any necessary consents. The combination of the prominent location, high-quality fit-out, ancillary accommodation and outdoor space presents an excellent opportunity for an incoming operator.

GENERAL REMARKS:A rare opportunity to acquire a secure leasehold interest in a highly prominent and sought-after position within the heart of Brighton’s vibrant North Laine. The premises enjoy excellent levels of pedestrian footfall and benefit from an established trading reputation, together with valuable Class E planning consent. To the rear is a private courtyard garden, providing an attractive additional amenity. The property offers considerable versatility and scope for a range of commercial uses. The significant potential of this well-positioned premises will be immediately apparent upon inspection.

TENURE: The entire premises are held on a full repairing and insuring 10 year lease with at a current rent of £22,000 per annum. The next rent review is in 2029 and there are approximately 8 years remaining on the lease. 

RATES: We have been verbally informed that the rates payable are approximately £200 per month. The rateable value of the property is  £15,750 per annum. Prospective occupiers should make their own enquiries to verify same. 

PRICE: We are instructed to quote for the valuable lease, equipment, trade fixtures, fittings and chattels Price £25,000  PLEASE NOTE THE BUSINESS NAME IS NOT FOR SALE

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 premises is rated Band C, the full report is available on 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: 6966M

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 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