Rent £78,000 per annum

Rates Payable £15,950 per annum

Estate Charge n/a

EPC Rating This property has been graded as C (75)

Description

An exceptional opportunity to acquire a highly prominent corner restaurant premises occupying a landmark position within one of Hove’s most established and affluent commercial and hospitality locations.

Situated on the corner of Church Road and Osborne Villas, the property benefits from extensive return frontage, excellent visibility and substantial levels of passing pedestrian and vehicular traffic throughout the day and evening.

Previously occupied by Franco Manca, the premises are offered with the benefit of a substantial existing fit-out and extensive hospitality infrastructure, representing a significant historic capital investment. The accommodation includes a fully fitted commercial kitchen, extensive extraction system, walk-in cold storage facilities, refrigeration equipment, air conditioning, bar installations, customer seating areas and a wide range of associated fixtures and fittings, providing an incoming operator with the opportunity to significantly reduce both fit-out costs and lead-in time to trading.

The existing layout currently accommodates approximately 60-65 internal covers, together with external seating for approximately 6-8 customers beneath an attractive awning frontage. The premises further benefit from a dedicated servicing and delivery entrance from Osborne Villas, allowing operational separation between customer-facing and back-of-house activities.

At basement level, the property benefits from extensive ancillary accommodation including a modern extraction system extending approximately 7.16 metres in width, walk-in cold rooms and freezer facilities, staff welfare accommodation, storage areas and customer WC facilities.

The premises are considered suitable for a variety of restaurant, café, wine bar and hospitality concepts, subject to any necessary consents and licensing requirements.

Premium

Price on Application.

Significant premium offers are invited for the benefit of the extensive existing fit-out, commercial kitchen installation, extraction infrastructure, refrigeration equipment, walk-in cold storage facilities, fixtures and fittings, licences and associated restaurant infrastructure.

An inventory schedule is available to genuinely interested parties upon request.

Premises Licence

The premises benefit from an existing Premises Licence permitting the sale of alcohol for consumption on the premises from 08:00 to 22:30 Monday to Saturday and from 08:00 to 22:00 on Sundays.

The licence permits opening hours from 08:00 to 23:00 Monday to Saturday and from 08:00 to 22:30 on Sundays.

The licensed area includes the external seating area fronting Church Road, allowing alcohol to be consumed externally, subject to the licence conditions. The premises also benefit from a number of historic licence variations which have removed previous restrictions relating to vertical drinking, waiter/waitress service requirements, use of the Osborne Villas frontage and the management of the premises.

A copy of the Premises Licence and associated conditions is available upon request.

Viewings

Strictly via prior appointment through Sole agent Graves Jenkins (t: 01273 701070).

Terms

Rent: £78,000 per annum, exclusive.

Available by way of a new, effective Full Repairing and Insuring lease for a term to be agreed.

Anti Money Laundering

In accordance with the Anti-Money Laundering Regulations, Graves Jenkins is required to verify the identity of all parties involved in the transaction. Prospective purchasers or tenants will be required to provide satisfactory proof of identity and address before solicitors are instructed.

Documents will be required from all relevant parties, and a charge of £40 per person will be payable where electronic identity searches are carried out.