84 St. James's Street, Brighton, East Sussex, BN2 1TP
£302.34 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,323 sq ft
123 sq m
- SECTOR
Mixed use property for sale
Key features
- Centrally Located
- Prime Thoroughfare
- Income Producing with Self Contained 3 Bed Maisonette
- Popular Kemptown Location
Description
Situated in the heart of the vibrant area of Kemp Town, St James's Street houses a number of restaurants, bars and commercial occupiers. Royal Sussex County Hospital and Brighton College are to the north and Brighton seafront is within walking distance to the south.
Description
This mid-terraced, five storey property is made up by a ground floor shop, which is let at a current rent of £1250 per calendar month, exclusive. The upper floors are a self-contained three bedroom maisonette and currently achieving £1,700 per calendar month therefore, the property is currently achieving an overall income of £35,400 per annum, exclusive.
Additionally, the property benefits from a self-contained basement which has the potential to be converted (STP).
Price
Offers are invited in the region of £400,000 for the freehold interest.
Tenure Comments
Freehold
Rent
The ground floor shop produces a current rent of £15,000 per annum, exclusive.
The self-contained maisonette produces a current rent of £20,400 per annum, exclusive.
The overall income is £35,400 per annum, exclusive.
EPC
The first floor maisonette has an EPC rating of E - 52.
The shop has an EPC rating of C - 67.
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.
Brochures
84 St. James's Street, Brighton, East Sussex, BN2 1TP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.7 miles
- London Road (Brighton) Station1.1 miles
- Moulsecoomb Station1.9 miles
Notes
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