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Exceptional Pub/restaurant In Southwick For Lease

Southwick, West Sussex, UK
Asking Price:
£85,000 Furniture / Fixtures included
Sales Revenue:
£200K - £500K
Cash Flow:
Available on request

Exceptional Pub/Restaurant Southwick Harbour, West Sussex Retirement Sale

This impressive pub/restaurant is located in Lady Bee Marina in Southwick and opens out onto the Marina. The restaurant is well supported by local residents, as well as many customers travelling from Brighton and other nearby towns to visit the restaurant. The business has been in the present vendors hands since 2018 and during this time has achieved an excellent reputation and is highly rated on Trip Advisor, Google Reviews, Restaurant Brighton and Facebook. The premises is ideal for private functions with customers hiring the entire property or just using the function room, which is well suited for smaller gathering or meetings. The pub/restaurant has a bar licence which also allows for takeaway and trading till 11pm.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The entire premises are held on a full repairing and insuring lease, which has approximately 7 years unexpired at a current rental of £18,000 plus VAT per annum. The rent review is due to take place in year 5. The lease also has the protection of the 1954 Landlord and Tenant Act and is therefore fully renewable.

Leasehold Rent:

£18,000 per annum

Location:

The pub occupies a fantastic location in Southwick Harbour and is adjacent to the Sussex yacht club moorings.

Premises Details:

The pub occupies a fantastic location in Southwick Harbour and is adjacent to the Sussex yacht club moorings. The premises were fully refurbished in 2018 and have been regularly maintained since and comes to the market in excellent condition. The pub boasts a beautiful terrace overlooking the harbour which provides 100 covers. The main bar is located on the ground floor with provides an additional 60 covers inside, and includes a mix of tables and chairs and bar stools. Adjacent to the bar are the separate ladies and gents toilets. Behind the bar is a small office space which is where the CCTV monitors are, a cellar and staff toilet. There is also access to the yard which contains two sheds for storage and also provides easy access for deliveries. The first floor contains additional separate ladies and gents toilets and a large function room which has its own bar and access to a private terrace overlooking the harbour. The function room can accommodate 30 seated people or 60 covers for buffets.

Also located on the first floor are the superbly fitted and equipped kitchens, which are regularly maintained and serviced. The kitchen has a preparation, cooking and washing up area. A full list of the valuable trade fixtures and fittings will be made available to any bona fide purchaser. There is rear access available from the kitchen to yard on the ground floor via a fire escape.

Energy Performance Rating:
C

Business Operation

Trading hours:

The normal working hours in the summer are Sunday-Thursday 10am-10pm, Friday-Saturday 10am-1am. During the winter months the pub has been closing on a Monday.

Other Information

Related Documents:

Contact Watkins Commercial

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