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For Sale£13,200,000.00

The Boardwalk Restaurants, Brighton, BN2 5ZB

Retail - High Street, Retail , 27504 Sq Ft
Property type: Retail - High Street, Retail
Tenure: For Sale Freehold
Size: 27504 Sq Ft
Price: £13,200,000.00
Location: The Boardwalk Restaurants, Brighton Marina, Brighton, BN2 5ZB

Newly Developed Leisure Investment Opportunity

• Brighton & Hove is one of the largest commercial centres in the south east of England • Brighton & Hove boasts 8.5 million visitors per annum, being in the top ten UK towns visited in 2016 • The total population within the Brighton primary catchment area is 515,000, ranking the city 38 out of the PROMIS Centres • Brighton Marina is a vibrant, cosmopolitan cocktail of bars, restaurants, entertainment, chic shops and boating enthusiasts • Seven restaurant units which were developed in 2016, let to well-known leisure operators; Five Guys, TGI Friday, Bella Italia, MOD Pizza, Las Iguanas and Casa Brasil • The total passing rent is £845,078 per annum, with headline rents reaching over £35.00 per sq ft • The parade totals 27,504 sq ft (2,555.2 sq m) over ground floor, benefiting from external seating and rear servicing • WAULT of 14.2 years to expiry and 12.6 years to breaks • The property is held long leasehold for a further 137 years, expiring in 2155 at a peppercorn rent from Brighton Marina Company Limited

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