Offers in region of
£130,000
(£337.66/sq. ft)
Retail premises for sale56 Station Road, Portslade, Brighton BN41
385 sq. ft
Just added
Freehold
About this property
Freehold offers invited in the region of £130,000
Established business for over 50 years
Development potential
Ground floor lock up shop
Estimated Rates Payable: £8.94
Description
The property comprises a ground floor lock up shop unit that has traded as sewing machine & repairs shop for a considerable time. There is a front shop area rear office & WC. In addition to the shop which will be provided with vacant possession 2 long leasehold flats have been sold off.
Location
The property is situated on Station Road Portslade on the parade situated between St Aubyn's Road & St Andrews Road which is South of the junction with Franklin Road & New Church Road.
Portslade Station is about a 6 minute walk away to the north whilst The Lagoon & Shoreham Port are to the south. Brighton City Centre & Hove are both located to the East whilst Shoreham & Worthing are situated to the West.
Terms
Offers are invited in the region of £130,000 for both the freehold of 56 Station Road & business interest of Varney's. The freehold will include vacant possession of the ground floor whilst 56a & 56b, 2 residential flats that are sold off by way of long leases with 56B paying a ground rent of £52 per annum. We are advised that flat 56a is for a term of 210 years whilst b is for 87 years.
Aml
As in accordance with regulations aml searches will need to be carried out on purchasers & there will be a charge of £50 plus VAT per person requiring a search.
Section 5 Notice
A section 5 notice may well need to be served on the residential leaseholders.
Plans
Plans are for indictive purposes only & not to scale.
The property comprises a ground floor lock up shop unit that has traded as sewing machine & repairs shop for a considerable time. There is a front shop area rear office & WC. In addition to the shop which will be provided with vacant possession 2 long leasehold flats have been sold off.
Location
The property is situated on Station Road Portslade on the parade situated between St Aubyn's Road & St Andrews Road which is South of the junction with Franklin Road & New Church Road.
Portslade Station is about a 6 minute walk away to the north whilst The Lagoon & Shoreham Port are to the south. Brighton City Centre & Hove are both located to the East whilst Shoreham & Worthing are situated to the West.
Terms
Offers are invited in the region of £130,000 for both the freehold of 56 Station Road & business interest of Varney's. The freehold will include vacant possession of the ground floor whilst 56a & 56b, 2 residential flats that are sold off by way of long leases with 56B paying a ground rent of £52 per annum. We are advised that flat 56a is for a term of 210 years whilst b is for 87 years.
Aml
As in accordance with regulations aml searches will need to be carried out on purchasers & there will be a charge of £50 plus VAT per person requiring a search.
Section 5 Notice
A section 5 notice may well need to be served on the residential leaseholders.
Plans
Plans are for indictive purposes only & not to scale.
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Monthly repayment
£650 per month
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