£210,000
(£300.00/sq. ft)
Office for saleGround Floor Unit, Kemptown House, 72 Carlton Hill, Brighton BN2
700 sq. ft
EPC Rating: F
Leasehold
About this property
Price £210,000
Modern building
Close to new edward street quarter & circus street developments
Investment opportunity
Ideal pension fund investment
Description
A self contained ground floor space that is used as consulting rooms & let to Rooms For Therapists Limited on a lease term expiring 4th June 2029 who pay a rent of £15,000 pa exclusive. We understand there is a 3 month rent deposit held by the landlord. The building was constructed in approximately 2018. The tenant operates a therapy room business where operators are able to hire rooms on an hourly basis. The tenants have been in situ since 2019 & did not operate the break clause in 2024.
Location
The building is situated on the corner of Carlton Hill & Mighell Street adjacent to the Amex building & Edward Street Quarter development where occupiers include Knights solicitors, Octopus Energy & Natwest. The Circus Street Development is also nearby where tenants include South East Dance. Whilst the popular Queens Park is a few minutes walk away to the east whilst the the City Centre is to the ease & seafront to the south.
Viewings
Strictly via Sole Agents Eightfold Commercial.
Terms
For Sale by way of a long leasehold interest for a term of 999 years from 2018 with the benefit of the existing tenancy. A price of £210,000 is suggested & a purchase at this level would show a gross yield of 7.14% & net yield after purchasers costs of 6.98%.
A self contained ground floor space that is used as consulting rooms & let to Rooms For Therapists Limited on a lease term expiring 4th June 2029 who pay a rent of £15,000 pa exclusive. We understand there is a 3 month rent deposit held by the landlord. The building was constructed in approximately 2018. The tenant operates a therapy room business where operators are able to hire rooms on an hourly basis. The tenants have been in situ since 2019 & did not operate the break clause in 2024.
Location
The building is situated on the corner of Carlton Hill & Mighell Street adjacent to the Amex building & Edward Street Quarter development where occupiers include Knights solicitors, Octopus Energy & Natwest. The Circus Street Development is also nearby where tenants include South East Dance. Whilst the popular Queens Park is a few minutes walk away to the east whilst the the City Centre is to the ease & seafront to the south.
Viewings
Strictly via Sole Agents Eightfold Commercial.
Terms
For Sale by way of a long leasehold interest for a term of 999 years from 2018 with the benefit of the existing tenancy. A price of £210,000 is suggested & a purchase at this level would show a gross yield of 7.14% & net yield after purchasers costs of 6.98%.
Mortgage calculator
Monthly repayment
£1,050 per month
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