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Commercial Property for sale

Western Road, Brighton

Guide Price £1,800,000

Property Description

Key features

  • Prime freehold retail investment
  • FRI Lease from 15 June 2007 - 14 June 2022
  • Gross initial yield of 6.22%
  • Blue chip tenant - Let to Halifax Plc
  • Passing rent of 111,900 pa
  • Nearby occupiers include M & S, Primark, H & M
  • GF ITZA: 74.78 Sq. M (805 Sq. Ft)
  • Total: 367.58 Sq. M (3,956 Sq. Ft)

Full description

This retail premises fronting Western Road, enjoys full glazed frontage to the ground floor with two cash dispensaries and electric double doors on entry.

The accommodation is arranged over lower ground, ground and three upper floors. Occupied by Halifax Plc, the accommodation is well presented, benefiting from air conditioning, cat II lighting, suspended ceilings and a CCTV security system.

The ground floor is predominantly open plan with a customer seating area, cash dispensaries and a small partitioned office, cashiers desk and a rear stairwell to the lower and upper floors. The lower ground, first and second floors are utilised as partitioned offices and storage space. The staff facilities are located to the third floor together with male and female wash rooms.

Accommodation - Ground floor ITZA: 74.78 Sq. M (805 Sq. Ft)
Ground floor: 137.87 Sq. M (1,484 Sq. Ft)
First floor: 47.65 Sq. M (512 Sq. Ft)
Second floor: 63.51 Sq. M (683 Sq. Ft)
Third floor: 27.10 Sq. M (291 Sq. Ft)
Basement: 91.45 Sq. M (984 Sq. Ft)
Total NIA: 367.58 Sq. M (3,956 Sq. Ft)
(Net internal floor area)

Services - We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure - Freehold, subject to occupational tenancy.

Business Rates - The property has a current rateable value of £85,000 per annum. We advise all interested parties to make their own enquiries.

Vat - The property is not elected for VAT.

Buyers Premium - 2.4% (min. £3,000) inc. VAT

Sell Your Property - If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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•£0 Marketing Costs
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More information from this agent

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