110 St. James's Street, Brighton, East Sussex, BN2

Investment for sale with benefit of planning permission for 680 sq ft flat

The property is situated on the southern side of St James Street between Broad Street and Madeira Place.

St James Street is a popular retail thoroughfare and lies within easy walking distance of the city's main commercial district, with the seafront and Royal Pavilion in close proximity.

Surrounding occupiers include a number of established retailers including Morrisons, Starbucks, Superdrug and Purezza Pizza as well as a variety of independent traders.

The property benefits from the planning permission (BH2022/01531) to convert the lower ground floor store rooms into a 680 sq ft flat (C3).

Rents and prices are quoted exclusive may be subject to VAT.

Accommodation

The property forms part of a terrace and comprises a self-contained commercial unit, lower ground floor store rooms and three flats located on the upper floors.

The floor area of the commercial unit is:
316.25 Sq Ft / 29.38 Sq M



TBC

Each party to bear their own legal costs incurred.

Freehold subject to the leases detailed below.

Tenancy Schedule: Tenure / Rent per annum

Lower ground floor (Store Room) / Vacant / N/a

Commercial Unit: 10 years from 23/07/2019. Inside the L&T Act. Rent reviews July 2025 and 2028. £10,000 rent deposit held. £19,000 pa

Flat 2: 125 year lease dated 01/08/2012 / £250 doubling every 25 years

Flat 3: 125 year lease dated 01/08/2012 / £250 doubling every 25 years

Flat 4: 125 year lease dated 01/08/2012 / £250 doubling every 25 years

Total rent per annum: £19,750

Guide price OIEO £400,000


Central Brighton Investment For Sale

Sold with planning permission to redevelop lower ground floor

Located on popular and busy retail pitch

Current commercial tenant keen extend the existing lease

Freehold OIEO £400,000