Get brand editions for John Pye Property, Nottingham

Commercial Property for sale

Western Road, Brighton

Guide Price* £1,800,000

Property Description

Key features

  • Auction Date: 15th & 16th November 2017
  • Prime freehold retail investment
  • Completion date: 12th January 2018
  • Blue chip tenant - Let to Halifax Plc
  • Passing rent of 111,900 pa
  • Gross initial yield of 6.22%
  • GF ITZA: 74.78 Sq. M (805 Sq. Ft)
  • Total: 367.58 Sq. M (3,956 Sq. Ft)
  • FRI Lease from 15 June 2007 - 14 June 2022
  • Nearby occupiers include M & S, Primark, H & M

Full description

This retail premises fronting Western Road, enjoys full glazed frontage to the ground floor with two cash dispensaries and electric double doors on entry.

The accommodation is arranged over lower ground, ground and three upper floors. Occupied by Halifax Plc, the accommodation is well presented, benefiting from air conditioning, cat II lighting, suspended ceilings and a CCTV security system.

The ground floor is predominantly open plan with a customer seating area, cash dispensaries and a small partitioned office, cashiers desk and a rear stairwell to the lower and upper floors. The lower ground, first and second floors are utilised as partitioned offices and storage space. The staff facilities are located to the third floor together with male and female wash rooms.

Accommodation - Ground floor ITZA: 74.78 Sq. M (805 Sq. Ft)
Ground floor: 137.87 Sq. M (1,484 Sq. Ft)
First floor: 47.65 Sq. M (512 Sq. Ft)
Second floor: 63.51 Sq. M (683 Sq. Ft)
Third floor: 27.10 Sq. M (291 Sq. Ft)
Basement: 91.45 Sq. M (984 Sq. Ft)
Total NIA: 367.58 Sq. M (3,956 Sq. Ft)
(Net internal floor area)

Services - We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure - Freehold, subject to occupational tenancy.

Business Rates - The property has a current rateable value of £85,000 per annum. We advise all interested parties to make their own enquiries.

Vat - The property is not elected for VAT.

Buyers Premium - 2% (min. £2,500) plus VAT.


More information from this agent

Nearest stations

  • Brighton (0.4 mi)
  • London Road (Brighton) (1.0 mi)
  • Hove (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Brighton (0.4 mi)
  • London Road (Brighton) (1.0 mi)
  • Hove (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 27343380. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Pye Property, Nottingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.


Map data OpenStreetMap contributors.