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Village, 129 Islingword Road, Brighton, BN2 9SH

From
£83 pcm
£1,000 pa

£0.59 per sq ft

Business rates & charges may apply

Eightfold Commercial Limited, Commercial
SIZE AVAILABLE

1,697 sq ft

158 sq m

SECTOR

Pub to lease

USE CLASSUse class orders: A3 Restaurants and Cafes and A4 Drinking Establishments

A3, A4

Lease details

Lease available date:
Now
Lease type:
Long term

Key features

  • SUCCESFUL COMMUNITY PUB & KITCHEN
  • HMO ACCOMODATION OVER
  • FREEHOUSE
  • PART FRANCHISED KITCHEN
  • NEW LEASE AVAILABLE
  • OUTSIDE SPACE

Description

Comprising a free of tie public house on the ground floor with kitchen & storage in the basement. There is 80 covers internally with a further 20 externally on a decking area. In addition to the commercial element there is a 6 room HMO situated on the upper floors accessed from the rear which produces an income of £4500 per calendar month(£54,000 pa) thus making the net rent on the building £1,000 per annum. The property benefits from both alcohol licences for both o & off sales as well as for the performance music & performance of dance.

The property is located on the corner of Islingword Road & Coleman Street in the densely populated Hanover area to the east of Brighton City centre. Brighton racecourse is a few minutes walk to the east whilst Brighton Station, The seafront & the city centre are all within walking distance.

Offers are invited in the region of £99,950 for the lease, goodwill & fixtures & fittings. We are advised that the landlord will offer a potential tenant a new full repairing & insuring lease for a term of 10/15 years at a rent of £55,000 per annum payable quarterly in advance(AFTER FACTORING THE HMO INCOME THIS LEAVES A NET RENTAL COST OF £1000 PER ANNUM EXCLUSIVE) . The pub currently trades mon-sun 8.30-11pm & midnight on Friday & Saturday. The current turnover is in the order of £10,000 per week not including the income from the HMO or the income from the kitchen franchise which we understand to be an additional £30,000 per annum.

Interested parties will be required to provide passport/ driving licence & proof of address to proceed. Where a company shareholders that have an interest of 25% or more will also be required to.

Brochures

Village, 129 Islingword Road, Brighton, BN2 9SH

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • London Road (Brighton) Station0.5 miles
  • Brighton Station0.6 miles
  • Moulsecoomb Station1.1 miles

About Eightfold Commercial Limited, Commercial

86 Gloucester Road, Brighton, England BN1 4AP

Notes

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Disclaimer - Property reference 223836-2. 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 Eightfold Commercial Limited, 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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