Offers in region of
£275,000
(£304.54/sq. ft)
Property for sale26A & 26B Station Road, Portslade BN41
From 903 - 2,483 sq. ft
Freehold
About this property
Mixed Use Freehold Investment
Commercial unit and three self-contained two bed flats
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 (26a) and three self-contained two bedroom flats on the floors above (26b).
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
26a Station Road – Let to British Heart Foundation and held on an effective full repairing and insuring lease for a term of 10 years from March 2014. The tenant has been holding over since expiry. There is a personal concession to the Tenant; whilst the are in occupation the rent will be reduced from £20,000 per annum exclusive to £19,000 per annum exclusive until expiry.
26b Station Road – The rear yard, first, second and third floors are held under a long lease 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. The tenant is Aston Peel Ltd.
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 (26a) and three self-contained two bedroom flats on the floors above (26b).
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
26a Station Road – Let to British Heart Foundation and held on an effective full repairing and insuring lease for a term of 10 years from March 2014. The tenant has been holding over since expiry. There is a personal concession to the Tenant; whilst the are in occupation the rent will be reduced from £20,000 per annum exclusive to £19,000 per annum exclusive until expiry.
26b Station Road – The rear yard, first, second and third floors are held under a long lease 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. The tenant is Aston Peel Ltd.
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