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LEASE ASSIGNMENT RETAIL

Prime seafront A3 cafe/restaurant Total size: 218.23 sq m (2,349 sq ft)

KEY FEATURES • Close to Brighton Pier & the Sea Life Centre • Promenade location • Situated in a busy pedestrian footfall on the seafront

• External beach terrace available• Excellent local amenities• Premium of £60,000 payable for the leasehold interest• Rent £30,000 per annum

9-10 Lower Promenade, Madeira Drive, Brighton BN2 1ET

LocationThe property is prominently located on Brighton seafront promenade, directly in front of Brighton beach to the east of Brighton Pier.

AccommodationThe property comprises a cafe/restaurant premises with additional external terrace.

We have measured the existing accommodation to have the following approximate net internal floor areas: Sq m Sq ftRestaurant and kitchen 179.28 1,930Storeroom 38.95 419Total 218.23 2,349

PlanningWe understand that the premises benefit from A3 use within the Use Classes Order 1987 (as amended)We understand that currently there is not a premises license.Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues

TermsThe property is available by way of a lease assignment of a 25 year lease dated 05/02/2013. The current rent is £30,000 per annum exclusive of rates, building insurance, service charge, heating, lighting etcPremium offers are invited in the region of £60,000.

NB You should be aware of the Code for Leasing Business Premises in England and Wales 2007. Details can be found at www.leasingbusinesspremises.co.uk.

EPCTo be assessed

Business Rates Rateable value (2017 list): TBCUBR for year ending 31.03.18: 47.9p in the £Rates payable 2017/2018: TBCWe advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and small business relief.

VATRents and prices are quoted exclusive of, but may be subject to VAT.

Legal FeesEach party to bear their own legal costs incurred, but assignees will be required to pay a £1,500 undertaking to the tenants legal fees that will be refunded upon completion

ViewingsStrictly by appointment through the sole agents Flude Commercial. Please contact: Will ThomasTelephone: 01273 727070Email: w.thomas@flude.com

9-10 Lower Promenade, Madeira Drive, Brighton BN2 1ET

Flude Commercial | Pavilion View | 19 New Road | Brighton BN1 1UF

Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person

in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property.

Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.

Flude Commercial | Pavilion View | 19 New Road | Brighton BN1 1UF

9-10 Lower Promenade, Madeira Drive, Brighton BN2 1ET

Location Maps

Boundaries shown are for identification purposes only