FOR SALE
658553
6968C / Rightbiz
Situated on Ditchling Road, the premises offer an excellent opportunity for a food-led operator, benefiting from a densely populated local catchment of students and
residents in nearby shared accommodation. Located on a well-used route linking central Brighton with the northern areas of the city, the property is well
placed to attract regular local custom, passing trade and delivery demand. Previously  trading as a Chinese restaurant, the premises are considered suitable for a variety of cuisine types and food-led concepts. The property benefits from a fully
fitted karaoke room to the rear, providing additional potential for private dining, entertainment or group bookings. Further accommodation is provided by a self-contained three-bedroom flat suitable for owner occupation.
THE PREMISES: Situated on Ditchling Road, the premises offer an excellent opportunity for a food-led operator, benefiting from a densely populated local
catchment of students and residents in nearby shared accommodation.
Located on a well-used route linking central Brighton with the northern suburbs, the
property is well placed to attract regular local custom, passing trade and delivery demand. The fully fitted premises, which have been closed for some time, are
arranged to provide a theatre-style open-plan kitchen with full commercial extraction, a fully equipped kitchen, and customer seating for
approximately 20 covers. To the rear are two customer WCs, a fully fitted karaoke room and a separate gaming room. A basement provides two substantial rooms, currently used for storage.
ACCOMMODATION: The living accommodation is accessed by a side entrance and consists of 2 double bedrooms on the first floor, family bathroom and kitchen with an additional attic room on the 2nd floor.
TENURE: The entire premises are held on a full repairing and insuring lease at a current rental of £22,800 per annum, with 5 years remaining. The
next rent review is in 2027 and takes place every 3 years.
RATES: The current rates payable at present are zero due to the small business rate relief scheme. The rateable value for the premises is £9,900 per annum. Prospective occupiers should make their own enquiries to verify the same.
GENERAL REMARKS: The premises offer an established hospitality layout, most recently operated as a Chinese restaurant, with seating for approximately 20 covers. Additional customer facilities include a fully fitted karaoke room to the rear and a separate gaming room. The property also benefits from a self-contained flat and occupies a prominent position within a densely populated residential area,
close to a substantial student population and numerous houses with multiple occupation.
PRICE: We are instructed to quote for the lease, premises licence, trade fixtures and fittings £50,000 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: 6968C
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) iii) iv) v) 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
Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank,
solicitor, surveyor accountant, etc.
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
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Fully Fitted Restaurant with Karaoke Facilities & 3 Bedroom Flat – Ditchling Road, Brighton - 6968C / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.