£160,000
(£328.86/sq. ft)
Retail premises for sale135 Elm Grove, Brighton, East Sussex BN2
487 sq. ft
Freehold
About this property
Situated on the Corner of Elm Grove and Bonchurch Road.
Popular Neighbourhood Parade
Lower Ground Floor Flat with Only 40 Years Remaining
Potential to Convert the Ground Floor (stnc)
Location
Located in the neighbourhood parade of Elm Grove, which is situated close to the busy thoroughfare of Lewes Road and within walking distance of Brighton Hospital and the Racecourse.
Description
Situated on the corner of Elm Grove and Bonchurch Road, this three storey property is made up of a lower ground floor flat, which is sold off but benefits from a premium value due to having less than 40 years remaining. The ground floor is let to an office and income producing and the first floor flat is sold off on a 99 year lease.
The ground floor commercial element is let and producing a rental income of £7,500 per annum, exclusive.
Price
Offers are invited in the region of £160,000 for the freehold interest.
Tenure Comments
Freehold
Rent
The ground floor commercial element is let and producing a rental income of £7,500 per annum, exclusive.
EPC
EPC has been requested.. The property has an EPC rating of E - 111.
VAT
We are informed that VAT is applicable on the terms quoted.
Use
We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents, Jacobs Steel.
Located in the neighbourhood parade of Elm Grove, which is situated close to the busy thoroughfare of Lewes Road and within walking distance of Brighton Hospital and the Racecourse.
Description
Situated on the corner of Elm Grove and Bonchurch Road, this three storey property is made up of a lower ground floor flat, which is sold off but benefits from a premium value due to having less than 40 years remaining. The ground floor is let to an office and income producing and the first floor flat is sold off on a 99 year lease.
The ground floor commercial element is let and producing a rental income of £7,500 per annum, exclusive.
Price
Offers are invited in the region of £160,000 for the freehold interest.
Tenure Comments
Freehold
Rent
The ground floor commercial element is let and producing a rental income of £7,500 per annum, exclusive.
EPC
EPC has been requested.. The property has an EPC rating of E - 111.
VAT
We are informed that VAT is applicable on the terms quoted.
Use
We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents, Jacobs Steel.
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