{"loaderData":{"0-6":{"propertyListing":{"building":{"id":"760552018738064","summary":"The subject property comprises a terraced, three-storey, mixed-use building constructed beneath a tiled pitch roof. The ground floor unit consists of a glazed frontage with private access into the unit, which is also accessible from the rear garden.\n\nThe retail unit is arranged over the ground and lower ground floor, and the residential flat is on the first floor.\n\nThe garden can also be accessed from the rear, with an additional studio / outbuilding which is not included within the commercial lease and is currently used by the Freeholder as a studio workshop. There is a separate outside WC too.","archived":false,"description":"Description

The subject property comprises a terraced, three-storey, mixed-use building constructed beneath a tiled pitch roof. The ground floor unit consists of a glazed frontage with private access into the unit, which is also accessible from the rear garden.

The retail unit is arranged over the ground and lower ground floor, and the residential flat is on the first floor.

The garden can also be accessed from the rear, with an additional studio / outbuilding which is not included within the commercial lease and is currently used by the Freeholder as a studio workshop. There is a separate outside WC too.

Location

The property is located at the eastern end and is situated on the southern side of Preston Drove, near its junction to Ditchling Road and Five Ways, a busy interchange. Preston Drove runs west to east through a predominantly residential area and alongside Preston Park. The area is an established residential location with commercial units located around the Five Ways junction, with independent retailers including shops, salons, restaurants and pubs, and a Coop supermarket.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

Tenancy Information

The freehold sale is subject to the lease dated 17th October 2023 to Summer Hill Gallery Limited for a term of 12 years at a passing rent of £16,000 per annum.

There are 4 yearly reviews dates, specifically 17/10/2027 & 17/10/2031. There are tenant only break options dated 17/10/2027 & 17/10/2031.

The first floor flat is subject to a 125 year lease dated 24/06/1988.

VAT

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

Accommodation

The accommodation has the following approximate Net Internal Area (NIA):

Business Rates / Council Tax Band

Rateable Value (2026): £9,700

Occupiers will pay approximately 38% of this per annum.

EPC

We understand the property has an EPC rating of C (expiry date - 14/08/2033).

Legal Fees

Each party to bear their own legal costs incurred.

AML

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.","disclaimer":{"raw":"Disclaimer - Property reference 8524FH. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by FLUDE GROUP LTD, Brighton. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Freehold investment located in popular affluent area of city","Located on busy local parade with good footfall","Let to retailer at passing rent of £16,000 per annum","Additional garden and outbuilding not included within lease","Ideal SIPP investor opportunity","Freehold £235,000"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":235000,"displayQualifier":"FROM","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":null,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/41f87198b/760552018738064/41f87198b7113ae4a0bede8a7ef16f94.pdf","description":"8524 - Brighton"}],"photos":[{"uri":"property-photo/94f394b13/760552018738064/94f394b132bb2a9abe9b309bc246269f.jpeg","description":"Photo 47"},{"uri":"property-photo/51692277e/760552018738064/51692277e3d4f0aa86d3a4ded05a0de8.jpeg","description":"Photo 19"},{"uri":"property-photo/68b4a1211/760552018738064/68b4a1211dd7df1038a72b98a2524d8f.jpeg","description":"Photo 25"},{"uri":"property-photo/d937a448a/760552018738064/d937a448aff4e39be9f8395ab79ee1ea.jpeg","description":"Photo 33"},{"uri":"property-photo/bd8ecafd8/760552018738064/bd8ecafd846d90d9eef44cd1134c1a79.jpeg","description":"Photo 28"},{"uri":"property-photo/d2373ca0b/760552018738064/d2373ca0bb8e90b3b391ebd8f2bdd65c.jpeg","description":"Photo 26"},{"uri":"property-photo/95bad950e/760552018738064/95bad950e6185f0e67a3cd1547df8d5a.jpeg","description":"Photo 15"},{"uri":"property-photo/7ebf00fc0/760552018738064/7ebf00fc05325be83954e79529f465ac.jpeg","description":"Photo 12"},{"uri":"property-photo/43fac79ae/760552018738064/43fac79aecbb0136b765dbb216703c47.jpeg","description":"Photo 1"},{"uri":"property-photo/9975603ca/760552018738064/9975603cae135bce87703ce25721ac0f.jpeg","description":"Photo 23"},{"uri":"property-photo/b47edec91/760552018738064/b47edec91440df311b49c3a55ea58ace.jpeg","description":"Photo 14"},{"uri":"property-photo/9f86332d9/760552018738064/9f86332d988e5fa855fce6c8dd2d0f7c.jpeg","description":"Photo 30"},{"uri":"property-photo/caa223a8b/760552018738064/caa223a8ba4a042243f8c774269d6259.jpeg","description":"Photo 17"},{"uri":"property-photo/6d40268a5/760552018738064/6d40268a59482e5a995189f9b3f2ba34.jpeg","description":"Photo 31"},{"uri":"property-photo/ab6386a73/760552018738064/ab6386a73dce5f2919130e3f162d3f1d.jpeg","description":"Photo 4"},{"uri":"property-photo/b6d404cb1/760552018738064/b6d404cb12f37a1b45b472cc7f7b81c9.jpeg","description":"Photo 13"},{"uri":"property-photo/d9cf4286a/760552018738064/d9cf4286a9f4ed514ec60600e3cf4fe5.jpeg","description":"Photo 35"},{"uri":"property-photo/b340e524d/760552018738064/b340e524d946df50f51ee2ad43492e83.jpeg","description":"Photo 45"},{"uri":"property-photo/56189c05c/760552018738064/56189c05c953cb3036390bc8358d5110.jpeg","description":"Photo 39"},{"uri":"property-photo/c772f9521/760552018738064/c772f952131acab23fc15703d7e94a7d.jpeg","description":"Photo 41"},{"uri":"property-photo/321b2d649/760552018738064/321b2d649ae02bb504569a5ea14580f2.jpeg","description":"Photo 43"},{"uri":"property-photo/a6c6d02d1/760552018738064/a6c6d02d117a2f15be7403e56f854075.jpeg","description":"Photo 49"}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":"SQFT","size":494,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"140 Preston Drove, Brighton, East Sussex, BN1 6FJ","showMap":true,"postcode":{"incode":"6FJ","outcode":"BN1"},"streetView":null,"latitude":50.843399,"longitude":-0.135808},"nearestStations":[{"distance":0.46662531501973237,"name":"London Road (Brighton) Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":0.7635320714283091,"name":"Moulsecoomb Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":0.8411456450361534,"name":"Preston Park Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"FLUDE GROUP LTD, Brighton","email":null,"profileUrl":"/estate-agents/agent/Flude-Property-Consultants/Brighton-94339.html","logo":"/partner-logo/12902425-LOGO-1765976263.png","id":94339,"description":"

Flude Property Consultants is a regional independent ﬁrm of Chartered Surveyors regulated by the Royal Institution of Chartered Surveyors (RICS) who specialise in advising clients with commercial property interests.

Our main areas of expertise are commercial property agency, lease advisory (rent reviews, lease renewals and lease re-gears), property management, valuation, rating, investment and development property.

We are a commercially minded practice who understand the needs and pressures of business.

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