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The Boardwalk Restaurants, Brighton Marina, Brighton, BN2 5ZB

27,504 Sq Ft / Retail

Withdrawn - Last updated: 05 October 2020

Summary

Newly Developed Leisure Investment Opportunity


Investment Summary


Brighton & Hove is one of the largest commercial centres in the south east of England Brighton & Hove boasts 8.5 million visitors per annum, being in the top ten UK towns visited in 2016 The total population within the Brighton primary catchment area is 515,000, ranking the city 38 out of the PROMIS Centres Brighton Marina is a vibrant, cosmopolitan cocktail of bars, restaurants, entertainment, chic shops andboating enthusiasts Seven restaurant units which were developed in 2016, let to well-known leisure operators; Five Guys, TGI Friday, Bella Italia, MOD Pizza, Las Iguanas and Casa Brasil The total passing rent is 845,078 per annum, with headline rents reaching over 35.00 per sq ft The parade totals 27,504 sq ft (2,555.2 sq m) over ground floor, benefiting from external seating and rear servicing WAULT of 14.2 years to expiry and 12.6 years to breaks The property is held long leasehold for a further 137 years, expiring in 2155 at a peppercorn rent from Brighton Marina Company Limited


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