EAST SUSSEX - CENTRAL BRIGHTON PUB & LETTING ACCOMMODATION
Brighton, East Sussex
Ref: 47816
Leasehold
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Key Features
Location
Shortt’s Bar is located in the bustling and cosmopolitan city of Brighton, East Sussex, approximately 47 miles south of London. Brighton’s position on the south coast has made it a popular destination for tourists, renowned for its diverse communities, quirky shopping areas, large cultural music, and arts scene as well as its large student and LGBT population. Brighton attracts approximately 7.5 million day visitors and 5 million overnight visitors each year and is the most popular seaside destination in the UK for overseas tourists. The city places host to a number of attractions including shopping centres, ‘the Laines’, Brighton Pavilion and its sunny beach with world famous Palace Pier.
Brighton is predominantly accessed via the A27 trunk road which runs between Eastbourne and Portsmouth, connecting the whole of the southeast coastline to this vibrant city. The A26 and M23/A23 also provide road access to other large conurbations including Tunbridge Wells, Crawley, and London. Main line rail services are available from Brighton station, with Thameslink services to Gatwick Airport, Luton Airport Parkway, and numerous central London stations. The town is serviced by a number of bus routes and boasts a comprehensive taxi network.
Shortt’s Bar occupies a grand three storey end of terrace property in Brighton’s bustling Kemptown, a stones throw from the award winning beach, pier and SeaLife centre. The property is also a short walk from Churchill Place shopping centre, British Airways I360 and vibrant nightlife.
Brighton is predominantly accessed via the A27 trunk road which runs between Eastbourne and Portsmouth, connecting the whole of the southeast coastline to this vibrant city. The A26 and M23/A23 also provide road access to other large conurbations including Tunbridge Wells, Crawley, and London. Main line rail services are available from Brighton station, with Thameslink services to Gatwick Airport, Luton Airport Parkway, and numerous central London stations. The town is serviced by a number of bus routes and boasts a comprehensive taxi network.
Shortt’s Bar occupies a grand three storey end of terrace property in Brighton’s bustling Kemptown, a stones throw from the award winning beach, pier and SeaLife centre. The property is also a short walk from Churchill Place shopping centre, British Airways I360 and vibrant nightlife.
Property
TRADE AREAS
Located at ground floor level there is an open plan BAR AREA presented with stripped wood flooring, central bar servery and high ceilings. The bar provides flat screen TV’s, SWP’s and darts board. The bar provides seating for 30 to 45 with room for plenty more standing.
Offset are LADIES AND GENTLEMENS TOILETS.
The premises is serviced by a basement area which houses a CHILLED BARREL STORE, STOREROOM, OFFICE, and fully fitted TRADE KITCHEN with extractor.
LETTING ACCOMMODATION
Located at first and second floor levels and accessed via a separate entrance to the side of the property there is a large Airbnb style letting unit, providing 24 beds. Comprising: -
FIRST FLOOR
Modern fitted KITCHEN and DINING ROOM
LIVING ROOM
BEDROOM ONE: One bunk bed and three single beds.
SHOWER & WC ROOM
WC
SECOND FLOOR
BEDROOM TWO: Six single beds
BEDROOM THREE: Two bunk beds and two single beds
BEDROOM FOUR: Two bunk beds and one single bed
BEDROOM FIVE: Two single beds
BATHROOM
EXTERNAL
To the rear of the property there is a two tiered walled GARDEN capable for providing seating for 50 to 100 patrons.
Located at ground floor level there is an open plan BAR AREA presented with stripped wood flooring, central bar servery and high ceilings. The bar provides flat screen TV’s, SWP’s and darts board. The bar provides seating for 30 to 45 with room for plenty more standing.
Offset are LADIES AND GENTLEMENS TOILETS.
The premises is serviced by a basement area which houses a CHILLED BARREL STORE, STOREROOM, OFFICE, and fully fitted TRADE KITCHEN with extractor.
LETTING ACCOMMODATION
Located at first and second floor levels and accessed via a separate entrance to the side of the property there is a large Airbnb style letting unit, providing 24 beds. Comprising: -
FIRST FLOOR
Modern fitted KITCHEN and DINING ROOM
LIVING ROOM
BEDROOM ONE: One bunk bed and three single beds.
SHOWER & WC ROOM
WC
SECOND FLOOR
BEDROOM TWO: Six single beds
BEDROOM THREE: Two bunk beds and two single beds
BEDROOM FOUR: Two bunk beds and one single bed
BEDROOM FIVE: Two single beds
BATHROOM
EXTERNAL
To the rear of the property there is a two tiered walled GARDEN capable for providing seating for 50 to 100 patrons.
The Business
The outgoing lessee has owned and operated Shortt’s bar since September 2019 and have created a popular evening venue which is known for its live music.
The Airbnb accommodation is well utilised by large groups including stag and hen parties.
Management accounts for the year ending December 2022 show a net turnover of £363,671 for pub sales only. The Airbnb letting accommodation generates a profit (after management fees) in the region of £55,000 per annum. Further accounting details can be made available to serious parties following a formal viewing.
The Airbnb accommodation is well utilised by large groups including stag and hen parties.
Management accounts for the year ending December 2022 show a net turnover of £363,671 for pub sales only. The Airbnb letting accommodation generates a profit (after management fees) in the region of £55,000 per annum. Further accounting details can be made available to serious parties following a formal viewing.
Tenure
LEASEHOLD £125,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
Shortt’s Bar is held on a full repairing and insuring lease agreement from Stonegate Pub Partners, for a term of 15 years commencing May 2011. The lease falls within the security provisions of the Landlord and Tenant Act 1954 and is fully assignable. Rent currently stands at £44,000 per annum including compliance packages and heating. The lease is of partial tie, tied on beers, soft drinks and minerals.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Shortt’s Bar is held on a full repairing and insuring lease agreement from Stonegate Pub Partners, for a term of 15 years commencing May 2011. The lease falls within the security provisions of the Landlord and Tenant Act 1954 and is fully assignable. Rent currently stands at £44,000 per annum including compliance packages and heating. The lease is of partial tie, tied on beers, soft drinks and minerals.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full premises licence is held allowing the sale of alcohol by retail Sunday to Thursday 10:00 until 00:30. Friday to Saturday 10:00 until 01:00.
Services
All main services are connected.
Local Authority: Brighton City Council.
Rates Payable: Pub: - £1,470 Letting accommodation: - £2,719
Local Authority: Brighton City Council.
Rates Payable: Pub: - £1,470 Letting accommodation: - £2,719
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Robert Cockayne
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