33 Mighell Street & 72 Carlton Hill, Brighton, BN2 0JF
£134.98 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,371 sq ft
499 sq m
- SECTOR
Industrial development for sale
Key features
- Producing £77,500pa
- Planning for 2x Penthouse Apartments on Roof
Description
A 5x storey modern purpose built block of 3x commercial units & 9x apartments, which have been sold off by way of long leasehold interests at peppercorn rents.
The 3x commercial units are arranged at ground & lower ground floor levels let to Rooms for Therapists Limited, Synertial Technologies Ltd & Maximus UK Services Limited.
Planning consent has been obtained to construct 2x further 2x bedroom apartments on the current roof space at 4th floor level, under planning application number BH2022/00717 & appeal number APP/Q1445/D/22/3301047.
Eastern Unit, 33 Mighell Street - 1,418sq.ft
Let to Synertial Technologies Ltd for a term of 3 years from 10th October 2022 with provison for an 18 month break clause at a rent £20,000 per annum exclusive.
Western Unit, 33 Mighell Street - 1,918sq.ft
Let to Maximus UK Services Limited for a term 4 years from 13th February 2023, with provision for a tenant only break on the 3rd anniversary subject to 6 months notice at a rent of £42,500 per annum exclusive.
South Unit - Let to Rooms for Therapists Ltd - 700sq.ft
The landlord holds a deposit of £3250 plus notional VAT for a lease term expiring 4/6/2029 with a tenant only break clause on the 4/6/2024 subject to 6 months prior notice, paying a rent of £15,000 per annum exclusive.
Collective income of £77,500pax.
Viewings
Viewings can be arranged via Sole Agents - Newlands Property
Location
The property is located on the corner of Carlton Hill and Mighell Street adjacent to the new Amex Building, Edward Street Quarter and Circus Street developments.
The popular Queens park is a few minutes walk away and Brighton City Centre and Brighton seafront are also easily accessed.
Terms
For Sale via Online Auction with guide price of £725-750,000 FH. Subject to the existing leases in place.
Brochures
33 Mighell Street & 72 Carlton Hill, Brighton, BN2 0JF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.5 miles
- London Road (Brighton) Station0.9 miles
- Moulsecoomb Station1.7 miles
About Newlands Property, Newlands Commercial Limited
Clarence House, North Street BN1 1EB
Notes
Disclaimer - Property reference 205198-1. 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 Newlands Property, Newlands Commercial Limited. 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.
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 Newlands Property, Newlands Commercial Limited on 01273 109871.
*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.”
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