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 secure a highly prominent corner restaurant premises situated within the heart of Hove’s established commercial and hospitality district. Occupying a landmark position on the corner of Church Road and Osborne Villas, the property benefits from extensive frontage, excellent visibility and strong levels of passing pedestrian and vehicular traffic.

The premises were previously occupied by Franco Manca and are offered with the benefit of an extensive existing fit out, including a fully equipped commercial kitchen installation, substantial extraction infrastructure, bar facilities, customer seating areas and associated hospitality fixtures and fittings, providing an excellent opportunity for an incoming operator to significantly reduce initial capital expenditure and fit out costs.

The existing configuration currently provides approximately 60-65 internal covers together with external seating for approximately 6-8 covers beneath an attractive awning frontage. The property further benefits from a separate entrance from Osborne Villas, suitable for delivery collections and servicing access, allowing clear operational separation between customer and delivery trade.

At basement level, the premises benefit from a modern extraction system measuring approximately 7.16 metres in width, together with extensive ancillary accommodation including walk-in cold rooms, freezer facilities, staff areas and customer WC facilities.

The accommodation is considered suitable for a variety of restaurant, café and hospitality concepts, subject to the necessary consents and licensing requirements.

Premium

Price on Application. Significant premium offers are invited for the benefit of the existing fixtures and fittings, extraction system, commercial kitchen installation, licences and associated restaurant infrastructure.

Further details available 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.