Commercial Property for sale

Trafalgar Street, Brighton

Sold STC £75,000

Property Description

Full description

LOCATION
The property is located within the historic North Laines which is a well-known tourist attraction with high level of footfall throughout the week and weekends Trafalgar Street leads directly down from Brighton central station and is a popular shopping destination.

DESCRIPTION
The property comprises of ground floor A3 café premises with seating for around 25 covers as well as a small rear garden/seating area.

Internally it is in excellent condition with a busy trade, the kitchen and W.C are located on the lower ground floor, the kitchen is fully fitted with additional prep area an various storage cupboards.

Accounts are available on request for serious applicants to view following a

DIMENSIONS
The property has the following internal dimensions:

Ground floor cafe area – 368.13sq.ft
Basement kitchen and prep area – 271.25sq.ft
Total approximate internal floor area: 639.38sq.ft

LEASE
The property is available by way of an assignment of the existing 10 year lease with the remainder of the term from 30th August 2013.

PREMIUM
A premium for the business as going concern is required and offers are invited in the region of £75,000 for the fixtures fittings and goodwill.

RENTAL
The property has a passing rental of £11,700 per annum exclusive.

BUSINESS RATES
We are advised that the draft rateable value for the 2017 listing is £8,900. Interested parties should contact the local council to confirm the rates payable and if they are eligible for any rates relief.
LEGAL COSTS
The ingoing tenant will be responsible for the landlord’s legal costs as well as their own costs, in relation to this transaction. An undertaking will be required for these costs upon agreement of any sale.

EPC
An EPC report is available for all interested parties to view on request.

VAT
Will not be chargeable on this transaction, interested parties must make their own enquiries to confirm.

VIEWING
Strictly by appointment with Lessee’s Agents - PARSONS SON AND BASLEY


More information from this agent

Nearest stations

  • Brighton (0.2 mi)
  • London Road (Brighton) (0.6 mi)
  • Preston Park (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parsons Son & Basley, Brighton - Commercial

32 Queens Road, BN1 3YE

01273 274028 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Brighton (0.2 mi)
  • London Road (Brighton) (0.6 mi)
  • Preston Park (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parsons Son & Basley, Brighton - Commercial

32 Queens Road, BN1 3YE

01273 274028 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26560230. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parsons Son & Basley, Brighton - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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