Offers in region of
£545,000
(£738.48/sq. ft)
Property for sale9 East Street, Brighton BN1
738 sq. ft
EPC Rating: D
Freehold
About this property
Freehold Investment
Located in a prime position
Mixed Use Building comprising Class E shop and a 2 bedroom flat
Income producing, approximately £43,700 per annum
Description
A rare opportunity to purchase an income producing freehold investment property in a central and vibrant location. The retail unit is configured as open plan with floor to ceiling glass frontage, laminate flooring and pendant lighting. The 2 bedroom self contained flat has secure gated access from Kings Road and is finished to a high standard. The combination of its prime location and current income stream makes this property an appealing investment opportunity, offering both immediate returns and long-term growth potential in Brighton's thriving rental market.
Location
The property is situated in a prime position along East Street, nearby to The Lanes, Brighton Palace Pier, The Royal Pavilion and is within walking distance to Churchill Square Shopping Centre. Nearby occupiers include Toni & Guy, Pret, Pizza Express, mac and Russell & Bromley. There is also a range of other quirky independent retailers, cafes, restaurants, and bars nearby that benefit from being located in a high footfall area.
Terms
Offers are invited in the region of £545,000 for the freehold interest of the property (subject to existing tenancies).
Tenancy Information
Shop – Let on a commercial lease to a private individual for a term of 10 years from January 2025 with a break clause & rent review at Year 5. The current passing rent is £21,500 + VAT.
Flat – Let to a company on a common law tenancy for 3 years from 24th June 2024 with a break clause at 12 months. £1,850 payable monthly.
The total annual income for the building is £43,700.
Business Rates And Council Tax
Shop – Rateable Value of £18,500 / Flat – Council Tax Band B
Epc's
Shop – 55 C / Flat – 66 D
A rare opportunity to purchase an income producing freehold investment property in a central and vibrant location. The retail unit is configured as open plan with floor to ceiling glass frontage, laminate flooring and pendant lighting. The 2 bedroom self contained flat has secure gated access from Kings Road and is finished to a high standard. The combination of its prime location and current income stream makes this property an appealing investment opportunity, offering both immediate returns and long-term growth potential in Brighton's thriving rental market.
Location
The property is situated in a prime position along East Street, nearby to The Lanes, Brighton Palace Pier, The Royal Pavilion and is within walking distance to Churchill Square Shopping Centre. Nearby occupiers include Toni & Guy, Pret, Pizza Express, mac and Russell & Bromley. There is also a range of other quirky independent retailers, cafes, restaurants, and bars nearby that benefit from being located in a high footfall area.
Terms
Offers are invited in the region of £545,000 for the freehold interest of the property (subject to existing tenancies).
Tenancy Information
Shop – Let on a commercial lease to a private individual for a term of 10 years from January 2025 with a break clause & rent review at Year 5. The current passing rent is £21,500 + VAT.
Flat – Let to a company on a common law tenancy for 3 years from 24th June 2024 with a break clause at 12 months. £1,850 payable monthly.
The total annual income for the building is £43,700.
Business Rates And Council Tax
Shop – Rateable Value of £18,500 / Flat – Council Tax Band B
Epc's
Shop – 55 C / Flat – 66 D
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