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Commercial Property to rent

Dukes Lane, Brighton

£28,000 pa| £2,333 pcm

Property Description

Full description

LOCATION
The property is located within the well-established retail area of the historic Dukes lanes.

Other occupiers within the area include the likes or Ted Baker, Oasis, Profile, Fred Perry & Bare Escentuals as well as several others. Further information about the area can be found at the website for the Dukes lanes - http://www.dukeslanebrighton.com

DESCRIPTION
The property is a self-contained unit with ground floor kitchen and retail area fully fitted with counter, coffee machine, dishwasher, stainless steel extractor and workspace as well as tiled floor, toasted sandwich makers various refrigerator units oven and griddle as well as several other appliances.

In addition there is a first floor seating area with W.C, the property also benefits from a licence for an outdoor seating area for approx 15-20 people which costs £300+VAT pa.

DIMENSIONS
The property has the following internal measurements:
Ground floor – 23.10sqm
1st floor – 17.80sqm Total internal area – 40.90sqm/ 440.24sq.ft

LEASE
The property is available by way of a lease assignment on the remainder of a 10 year lease from 25th March 2011.

RENTAL
The property has a passing rent of £28,000 per annum exclusive of VAT. There is also a quarterly service charge of £680+VAT (2016)

PREMIUM
A premium for the lease of £115,000 is requested for the business as a going concern.

BUSINESS RATES
The property has a rateable value of £15,000, 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 assignee with be responsible for all legal costs in relation to this transaction and will be required to provide an undertaking for these costs upon the agreement of any letting.

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

VAT
Will be chargeable on this transaction, interested parties must make their own enquiries to confirm.

VIEWING
Strictly by appointment with Sole Agents -


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