Description

LOCATION
The property is located within the historic North Laine area, one of the busiest districts of Brighton, just down from Brighton station and off of Queens Road.

There is a very high level of passing trade and footfall within the North Laine and Churchill Square shopping centre is also just short walk from the area heading down towards the main seafront promenade.

DESCRIPTION
The property consists of a ground floor retail area and upper-parts, the retail area has excellent window display space and frontage, wooden flooring and good ceiling height in the main area, along with heating and cooling units.

There is also the added benefit of full height basement storage space accessed at the rear of the unit.

The upper parts are currently arranged with W.C/bathroom along with three further rooms currently used as storage and office space.

DIMENSIONS
The property has the following approximate internal areas:
Basement: 205.52sq.ft
Ground floor: 469.14sq.ft
First floor: 150.32sq.ft
Second floor: 214.34sq.ft Total approximate internal floor area: 1,039.32sq.ft

LEASE
The property is available on a new FRI lease with terms to be agreed, the asking rental is £25,000 per annum exclusive.

PREMIUM
A premium of £5,000 is requested to be paid by the ingoing tenant for the benefit of the new lease.

LEGAL COSTS
Each party will be responsible for their own legal costs in relation to this transaction, however an undertaking will be required for the landlord’s costs should the transaction be aborted these will then be payable.

BUSINESS RATES
We are advised that the property has a rateable value of £21,000 interested parties should contact the local council to confirm the rates payable and if they are eligible for any rates relief.

EPC
An EPC report is available, for all interested parties to view on request.

VAT
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.