Summary
A rare opportunity to occupy a Class E premises in the heart of the North Laine which would suit a variety of occupiers. Comprising of ground floor sales area, prep kitchen space behind the counter, rear storage and w/c facilities. The lower ground basement is split into 3 rooms, however, please note that this space has a low head height therefore is only suitable for storage. The property benefits from lino flooring on ground floor, spot track lighting and an air conditioning unit (not tested).
Key Points
Located in a central position with the North LainesClass EWould suit a variety of commercial usesAvailable by way of a lease assignment with a premium payableBasement storage
Agents Note
The Landlord may consider granting a new lease in line with current market rents, further information available upon request.
Tenure
The property is available by way of an effective FR&I lease assignment for a term of 10 years from 16th July 2021 to 15th July 2031. We understand that the current passing rent is £25,000 per annum exclusive, rental payments are made quarterly in advance, there is an open market upward only rent review 16th July 2026 and every 5th year anniversary date thereafter, a tenant only break clause applies on 16th July 2026 subject to 6 months prior written notice, and the lease has been granted inside of the LTA 1954.
Premium
Please note that a premium will be payable to the existing tenant for the fixtures, fittings, and goodwill of the property. Offers are invited at a guide price of £30,000.
Business Rates
According to the Valuation Office Agency website, the property has a rateable value of £19.500.
Location
Situated in the heart of the North Laine area of Brighton within a pedestrianised commercial throughfare. Renowned for being one of the premier trading locations within Brighton and for its quirky and specialist retailers, cafes, restaurants and bars. This area benefits from a high footfall at all times of the year but is enhanced over the weekends and holiday seasons by locals and tourists. Only 0.3 miles from Brighton Train Station which provides regular services to London and other areas in Sussex. Nearby retailers include Infinity Foods, Bromptons Opticians, Cornish Pasty Shop and DOWSE.