Cleveland Arms27A Cleveland Road, Brighton, BN1 6FF

Description
The property comprises the ground, basement and first floor of a two storey corner building with painted rendered elevations beneath a pitched roof.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with rear bar servery and seating on loose tables, chairs and bench seating for 50 customers. A conservatory to the rear provides additional seating for 30 customers. Ancillary areas include a trade kitchen and customer WC's.

Basement: Cellar and stores.

First & Second (Loft) Floor: Split level managers accommodation with four bedrooms, kitchen & dining room, lounge, bathroom & WC.

Externally: There is a wraparound trade terrace to front and side with additional side seating area.

Tenure
The property is held freehold (Title Number SX133289).

Tenancy
The entire property is let to Orange Beach Inns Limited on a 20 year lease from 12th June 2017 at a current rent of £77,562 per annum which is subject to five yearly open market reviews and annual RPI increases (except in the open market review year). A rent deposit of £10,539 is held by the landlord.

Planning
The property is not listed however, it is situated within Preston Park Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
C-72

Terms
We are instructed to invite offers in excess of £1,240,000 (5.9% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.