Business Summary

SITUATION & DESCRIPTION

A highly visible and popular hot food takeaway business located close to the busy junction of New England Street and New England Road in the Preston Circus area of Brighton.

The surrounding area comprises a densely populated and mixed residential / commercial neighbourhood which encompasses a significant student population.

In recent years the area has been the subject of significant inward investment and continues to do so with the re-development of the former Co-op department store into 351 students flats close by on London Road along with the regeneration of the Open Market site to include a new covered market and an affordable housing scheme incorporating 87 further units.

Further and significant investment is anticipated with the re-development of the landmark New England House site located directly opposite
the subject premises.

ACCOMMODATION

Ground Floor: 39 sqm 420sqft
The property comprises fully fitted fast food take away premises arranged over the ground floor area with further preparation kitchen, WC and storage situated to the rear of the premises.

TENURE
Available by way of assignment of a 20 year FRI lease commencing early 2006

RENT
£8,500 per annum exclusive

PRICE

£39,995 for the benefit of the goodwill, leasehold interest and all trade fixtures and fittings

RATEABLE VALUE - £5,100

U.B.R 2013/2014: Payable: 46.2% (if eligible for small business rate relief), otherwise 47.1%.
Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make enquiries concerning the implications of the small business allowance.

ENERGY PERFORMANCE CERTIFICATE

Our client has been advised that an EPC is required. Details upon request.

LEGAL FEES

Each party to be responsible for their own legal costs.
The ingoing tenant to be responsible for the landlord’s legal & professional fees in relation to this transaction.

Property Details

Other Business Details