Heart & Hand, 75 North Road, Brighton, BN1 1YD
- SIZE AVAILABLE
1,053 sq ft
98 sq m
- SECTOR
Industrial development for sale
Key features
- Entire property let to a private individual
- Property arranged over four levels
- Current rent of £39,480 per annum
- Lease expires June 2031
- The rent is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year)
- We are instructed to invite offers in excess of £535,000 (7.0% NIY)
- Business unaffected by sale
Description
The property comprises the ground, basement, first and second floors of a three storey end of terrace building with painted, rendered and tiled elevations beneath a pitched roof.
Location
Located in the seaside city of Brighton in the county of East Sussex, 22.2 miles (35.5 kilometres) west of Eastbourne and 33.2 miles (53.1 kilometres) south of Tunbridge Wells.
The Hart and Hand is situated at the intersection between North Road and Upper Gardner Street in the North Laines area of Brighton City Centre. The surrounding properties comprise a wide range of pubs, restaurants, cafes and independent retailers.
Virtual Tour
Please see the link below to access the virtual tour for the Pub:
Tenure
The property is held freehold (Title Number ESX251210).
Tenancy
The entire property is let to a private individual on a lease expiring 30 June 2031 at a current rent of £39,480 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £9,217 is held by the landlord.
Planning
The property is not listed but is situated within North Laine Conservation Area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
EPC
C - 64
Terms
We are instructed to invite offers in excess of £535,000 (7.0% NIY) assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.
For further information and all viewing requests please contact the sole selling agents Savills.
Brochures
Heart & Hand, 75 North Road, Brighton, BN1 1YD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.2 miles
- London Road (Brighton) Station0.8 miles
- Preston Park Station1.5 miles
Notes
Disclaimer - Property reference 230677-1. 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 Savills, Southampton - Licensed Leisure. 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.
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