13 Duke Street Brighton

Brighton

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Sold

1023 sqft

Description

An opportunity to acquire a prime freehold property that has been well fitted by the existing owners & trades as delicatessen & cafe. The premises are arranged over a 4 storeys & has a licence for additional seating on the pedestrianised street outside. At ground floor level is a shop & cafe with further seating at first floor with a WC. A kitchen is located at basement level whilst an office & storage are located at 2nd floor level.

Location

The subject property is located in a desirable position on the southern side of Duke Street on the periphery of The Lanes in central Brighton. Brighton Station & the seafront are both a short walk away whilst nearby occupiers include Heals, The Ivy, Cafe Coho, Honest Burger, Trading Post, Nando's & Montezumas.

Viewings

All viewings to strictly be arranged through agents Eightfold Property or joint agent Star Property. Under no circumstances should any approach be made direct.

Terms

Offers are invited in excess of £749,500 for the freehold interest with vacant possession or alternatively available by way of a new full repairing & insuring lease for a term of 10 years with provision for an upward only rent review on the 5th anniversary at a rental of £47,500 per annum exclusive.

Fixtures & fittings

Whilst a premium is not being asked if required a fee will be payable for fixtures, fittings with stock at valuation. Please ask for for further information.

Legal costs

Each side to be responsible for their own legal costs in the event of a freehold sale.