Offers in region of
£285,000
(£270.66/sq. ft)
Retail premises for sale296 Ditchling Road, Brighton BN1
1,053 sq. ft
Just added
Freehold
About this property
Opportunity for owner occupier
Located in a prime position in Fiveways
Building comprising 2 x Class E shops
Freehold Investment
Income producing, potential £22,500 per annum
Description
A rare opportunity to purchase an income producing freehold investment property in a central and vibrant location. The property is set out over Ground & First Floor and offers a large garden. The combination of its prime location and current income stream makes this property an appealing investment opportunity, or opportunity for an owner occupier, offering both immediate cash flow and long-term growth potential in Brighton's thriving rental market.
Location
Situated within the popular Fiveways Parade on Ditchling Road. The premises serves the densely populated residential area that surrounds and is located on one of the main roads leading into and out of the city centre. Local traders include Flour Pot Bakery, The Fiveways Deli, Fiveways Public House and The Co-operative Food.
Terms
Offers are invited in the region of £285,000 for the freehold interest of the property (subject to existing tenancies).
Tenancy Information
296a Ditchling Road Shop – Let on a commerical lease to private individual for a term of 10 years from tbc
296 Ditchling Road Shop – Vacant, valued at £16,000 pa
N.B. Copy of lease available on request to serious applicants.
The total annual income for the building is £22,500.
Business Rates And Council Tax
296a Ditchling Road Shop – Rateable Value of £4,550
296 Ditchling Road Shop - Rateable Value of £8,700
EPC
296a Ditchling Road Shop - C 66
296 Ditchling Road Shop – D 88
Agents Note
Our client has informed us of some structural building work which may be required to a side wall at the property. Buyers are to make their own enquiries as to the extent of the work required prior to making an offer to purchase the freehold interest.
A rare opportunity to purchase an income producing freehold investment property in a central and vibrant location. The property is set out over Ground & First Floor and offers a large garden. The combination of its prime location and current income stream makes this property an appealing investment opportunity, or opportunity for an owner occupier, offering both immediate cash flow and long-term growth potential in Brighton's thriving rental market.
Location
Situated within the popular Fiveways Parade on Ditchling Road. The premises serves the densely populated residential area that surrounds and is located on one of the main roads leading into and out of the city centre. Local traders include Flour Pot Bakery, The Fiveways Deli, Fiveways Public House and The Co-operative Food.
Terms
Offers are invited in the region of £285,000 for the freehold interest of the property (subject to existing tenancies).
Tenancy Information
296a Ditchling Road Shop – Let on a commerical lease to private individual for a term of 10 years from tbc
296 Ditchling Road Shop – Vacant, valued at £16,000 pa
N.B. Copy of lease available on request to serious applicants.
The total annual income for the building is £22,500.
Business Rates And Council Tax
296a Ditchling Road Shop – Rateable Value of £4,550
296 Ditchling Road Shop - Rateable Value of £8,700
EPC
296a Ditchling Road Shop - C 66
296 Ditchling Road Shop – D 88
Agents Note
Our client has informed us of some structural building work which may be required to a side wall at the property. Buyers are to make their own enquiries as to the extent of the work required prior to making an offer to purchase the freehold interest.
Mortgage calculator
Monthly repayment
£1,425 per month
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