Offers in region of
£275,000
(£110.75/sq. ft)
Property for sale26 Station Road, Portslade BN41
2,483 sq. ft
Freehold
About this property
Freehold Investment
Shop For Sale with freehold of building
Flats & yard sold off on Long Leasehold
Commercial thoroughfare
Close to Portslade Station
Description
An opportunity to purchase this freehold investment property located in a prominent position in Station Road, Portslade. The accommodation is arranged as ground and lower ground floor retail unit. The upper parts and yard have been sold off on a long lease.
Location
Situated in Station Road, one of the main commercial thoroughfare’s in Portslade. Portslade mainline station is close by and within walking distance and traders include Londis, Superdrug, Tesco, and Specsavers.
Terms
Offers are invited in the region of the £275,000 for the freehold interest of the property (subject to existing tenancies):
Tenant Details
Shop - Let to British Heart Foundation and held on an effective full repairing and insuring lease for a term of 5 years from May 2024 at a commencing rent of £21,500 per annum exclusive. There is a tenant break clause in May 2027. A photographic schedule of condition is annexed to the lease.
Long Leasehold
Upper Parts & Rear Yard - The rear yard, first, second and third floors have been sold off on a long lease to Aston Peel Ltd for a term of 150 years from 29 September 2004. The current rent is £100 per annum which doubles every 33 years, rising to £1,600 at expiry.
An opportunity to purchase this freehold investment property located in a prominent position in Station Road, Portslade. The accommodation is arranged as ground and lower ground floor retail unit. The upper parts and yard have been sold off on a long lease.
Location
Situated in Station Road, one of the main commercial thoroughfare’s in Portslade. Portslade mainline station is close by and within walking distance and traders include Londis, Superdrug, Tesco, and Specsavers.
Terms
Offers are invited in the region of the £275,000 for the freehold interest of the property (subject to existing tenancies):
Tenant Details
Shop - Let to British Heart Foundation and held on an effective full repairing and insuring lease for a term of 5 years from May 2024 at a commencing rent of £21,500 per annum exclusive. There is a tenant break clause in May 2027. A photographic schedule of condition is annexed to the lease.
Long Leasehold
Upper Parts & Rear Yard - The rear yard, first, second and third floors have been sold off on a long lease to Aston Peel Ltd for a term of 150 years from 29 September 2004. The current rent is £100 per annum which doubles every 33 years, rising to £1,600 at expiry.
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