Offers in region of
£545,000
(£409.77/sq. ft)
Retail premises for sale9 East Street, Brighton BN1
1,330 sq. ft
EPC Rating: D
Just added
Freehold
About this property
City Centre Location
Fully Let
Producing £43,700 per annum
Estimated Rates Payable: £9231.5
Description
The retail unit is configured as open plan with floor to ceiling glass frontage, laminate flooring and pendant lighting. The 2 bedroom self contained maisonette has secure gated access from Kings Road and is finished to a high standard.
The Shop is let on a Fri 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.
The ff/sf maisonette is let to a company on a common law tenancy for 3 years from 24th June 2024 with a break clause at 12 months, current rent is £1,850pcm.
Producing a total collective income of approximately £43,700 per annum.
Location
The property is located within a prime position on East Street, among a host of popular tourist destinations including, 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 independent retailers, cafes, restaurants, and bars nearby, providing the area with a very high level of footfall area.
Viewings
To arrange a viewing, please contact Joint Sole Agents - Newlands Property or Graves Son & Pilcher.
Terms
Offers are invited in the region of £545,000 for the freehold interest of the property (subject to existing tenancies). A purchase at this level would reflect a niy of 7.65%.
The retail unit is configured as open plan with floor to ceiling glass frontage, laminate flooring and pendant lighting. The 2 bedroom self contained maisonette has secure gated access from Kings Road and is finished to a high standard.
The Shop is let on a Fri 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.
The ff/sf maisonette is let to a company on a common law tenancy for 3 years from 24th June 2024 with a break clause at 12 months, current rent is £1,850pcm.
Producing a total collective income of approximately £43,700 per annum.
Location
The property is located within a prime position on East Street, among a host of popular tourist destinations including, 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 independent retailers, cafes, restaurants, and bars nearby, providing the area with a very high level of footfall area.
Viewings
To arrange a viewing, please contact Joint Sole Agents - Newlands Property or Graves Son & Pilcher.
Terms
Offers are invited in the region of £545,000 for the freehold interest of the property (subject to existing tenancies). A purchase at this level would reflect a niy of 7.65%.
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