Turnkey Delicatessen & cafe opportunity in outstanding Brighton location for sale.
An opportunity to acquire a well fitted delicatessen & cafe arranged over a 4 storey building with 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.
All viewings to strictly be arranged through agents Eightfold Property. Under no circumstances should any approach be made direct.
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.
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.
A premium of £99,750 is required for the benefit of fixtures, fittings & goodwill with stock at valuation.
The incoming party to make a contribution of £750 plus VAT towards the landlords legal fees. An unconditional undertaking to be provided prior to release of documentation.
Brighton (0.4 miles)
London Road (Brighton) (1.0 miles)
Hove (1.5 miles)