14 Station Road, Portslade, Brighton, East Sussex, BN41 1GA

Location

Situated within a popular location, being within walking distance to Portslade Railway Station with short commuting routes to Brighton & London. The property located on Station Road, Hove is connected to Boundary Road with its range of shopping facilities, cafes and restaurants. Local bus services also pass close by providing access to surrounding areas and the A27 is accessible via the Hangleton Link Road.

Description

The subject property is arranged over four floors, which is fully let and income producing. The ground floor and basement are occupied by Wimpy and have been recently refurbished with an annual income of £23,000. The restaurant benefits from 45 covers internally together with a seating area to the front of the property, providing a further 10 covers. The four bedroom maisonette is self contained from the rear and in addition there are 3 allocated parking spaces. This is currently available to let and the ERV is £1600pcm.

Price

Offers are invited in the region of £575,000 for the freehold interest.

Tenure Comments

Freehold investment

Rent

The property is let on a 15 year lease from December 2017. There are rent reviews and break clauses every 5th anniversary of the term.

EPC

The ground floor has an EPC rating of C - 60.
The maisonette has an EPC rating of D - 57.

VAT

We are informed that VAT is not applicable on the terms quoted.

Use

We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents, Jacobs Steel.