Entirely let to Dique Limited on a 15 year lease until 2024 trading as The Marwood Coffee Shop
Attractive freehold building well located in Brighton’s busy and popular Lanes
Nearby occupiers include Fat Face Clothing, Heals Furniture, Watches of Switzerland, Browns Bar & Brasserie and TK Maxx
Lot 30
Auction 9th July 2014
Rent £27,000 per Annum Exclusive
Status Sold
Price £515,000
Sector Restaurant
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
55 miles south of Central London, 24 miles west of Eastbourne
Roads
A23, A27, A26
Rail
Brighton Rail Station
Air
London Gatwick Airport (28 miles)
Situation
The property is situated in the busy Lanes retail and leisure district of Brighton City Centre which has a good mix of well known retail and leisure operators together with successful independent traders. The property is adjacent to Fat Face Clothing in a characterful location typical of the area. Other occupiers include Heals Furniture, Watches of Switzerland, Browns Bar & Brasserie and TK Maxx.
Tenure
Freehold.
Location
Miles
55 miles south of Central London, 24 miles west of Eastbourne
Roads
A23, A27, A26
Rail
Brighton Rail Station
Air
London Gatwick Airport (28 miles)
Situation
The property is situated in the busy Lanes retail and leisure district of Brighton City Centre which has a good mix of well known retail and leisure operators together with successful independent traders. The property is adjacent to Fat Face Clothing in a characterful location typical of the area. Other occupiers include Heals Furniture, Watches of Switzerland, Browns Bar & Brasserie and TK Maxx.
Tenure
Freehold.
Description
The property comprises an attractive 3 storey building with a coffee shop to the ground floor, additional customer seating and kitchen to the first floor and a second floor comprising ancillary accommodation.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an attractive 3 storey building with a coffee shop to the ground floor, additional customer seating and kitchen to the first floor and a second floor comprising ancillary accommodation.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Lower Ground Ground First Floor Second Floor
Ancillary Retail Retail/Ancillary Ancillary
7.76 sq m 44.19 sq m 51.57 sq m 43.08 sq m
(84 sq ft) (476 sq ft) (555 sq ft) (464 sq ft)
DIQUE LIMITED (t/a The Marwood Coffee Shop) (1)
15 years from 29/09/2009 until 28/09/2024 (2)
£27,000
29/09/2014 29/09/2019
Totals
146.60 sq m
(1,579 sq ft)
£27,000
(1) The property trades as the Marwood Coffee Shop. Please visit their website for further details. www.themarwood.com (2)There is a tenants deposit of £5,015 held by the Landlord, repayable at the end of the term. A Schedule of Condition is attached to the lease. Please refer to the legal pack for further details.
Contacts
Seller's Solicitors
Hamlins Roxburghe House, 273-287 Regent Street London W1B 2AD 020 7518 9100
