59 West Street Brighton

Description

The premises comprises a large predominantly open plan space that has previously traded as a bar. Our clients have stripped the space back to shell & core but we feel could be suitable for a variety of uses including Restaurant, Retail, Bar or Leisure uses (STNC). In addition to the ground floor is a lower ground floor & basement area where WC's were located as well as a large outside terrace. . The premises has a 2:30am late licence which we are advised can be transferred to an incoming party. https://licensingregister.brighton-hove.gov.uk/licence/14453201900567laprmv . The building has had a new insulated roof along with new windows on the upper floors & new EPC will be carried out shortly of which it is anticipated the previous rating will greatly improve. Please note the ceiling heights are as follows: Ground floor 3.85m, Rear lower mezz 2.7m, Basement 2.6m, Upper floors 2.65m.

Location

The property is located on West Street in central Brighton, close to the seafront, Churchill Square Shopping Centre & The Lanes. Nearby occupiers include TGB Spa, Tortilla, ITSU, Nando's & Honest Burger whilst a new Premier Inn is currently being constructed a few hundred yards south of the property.

Terms

Available by way of a new effective full repairing & insuring lease for a minimum term of 10 years with provision for 5 yearly rent reviews

Additional Accommodation

The upper floors have been converted into office space & comprise a total of 7721 sq ft (717.3 sq m) & can be made available in addition to the space offered at an additional cost. The cost of the whole building would be £420,000 per annum exclusive. bespoke options on request.

Planning

The premises is previously traded as a Pub/ Bar falling under the ‘Sui Generis’ Use Class under the Town & Country Planning Act. The premises could be used for a variety of alternative uses (subject to planning permission).

Anti Money Laundering Regulations 2017

Due to Government legislation we are legally obliged to under take Anti Money Laundering checks& request proof of funds. Where required checks will need to be carried out & at a cost of £50 plus VAT for each shareholder with a 25% stake in the acquiring entity.