Bar / Nightclub

Location

Hove is located 22 miles (35 km) south of Crawley, 22 miles (35 km) west of Eastbourne and 14 miles (22 km) east of Worthing. Brighton & Hove has a resident population of 289,000.

173 Portland Road is situated on the southern side of this busy secondary parade just outside Brighton city centre, opposite the junction with Reynolds Road. Hove seafront is 0.5 miles (12 mins walk). Aldrington rail station is 0.4 miles (10 mins).

A location plan and street view can be viewed online through Google Maps by typing in the following postcode: BN3 5QL.

Description

Ground floor fitted bar (refitted 2023) with full height glazed frontage and rear store and disabled W.C. Potential to install kitchen.

Price/Rent

£20,000 per annum exclusive.

Premium

A premium is sought for this lease, details on application.

Tenure Comments

An assignment of the lease dated 15th May 2023 for a term of 16 years, lease expiry 14 May 2039.

There is a tenant break option on 15 May 2039 and four yearly rent reviews, next review 15 May 2027.

EPC

Certificate No: 1310-0914-4571-7092-6965, rated 47 B, valid until 8 January 2033.

Rates Comments

Rateable Value: £8,500 (April 2025/26). Rates payable @49.9 p in the £.
Smalll Business Rates Relief of up to 100% may apply for qualifying occupiers.

VAT

We are advised that VAT is not chargeable on the rental outgoings.

Legal Costs

Each party to be responsible for their own legal costs.

Money Laundering Regulations

Under the Money Laundering Regulations 2017 (as amended) we are legally required to obtain proof of funds and identity.

Additional Information

PREMISES LICENCE
1445/3/2023/02890/LAPRET Sale of Alcohol 10.00-01.00 every day. Opening hours 10.00 -01.30.