Skip to content

Corner Of, 49-50 Providence Place, Brighton, East Sussex, BN1

Offers in Region of
£295,000

£523.98 per sq. ft.

Business rates & charges may apply

Flude Property Consultants, Brighton
SIZE AVAILABLE
563 sq. ft.
(52 sq. m.)
SECTOR
High street retail property for sale

Key features

  • Let on 15-year term dated 21st September 2020
  • £20,000 income per annum
  • Situated just off London Road, 0.75 miles from the seafront
  • Occupiers close by include Costa Coffee, Santander, Sainsbury's & McDonalds and London Road multi storey car park
  • 350 metres from Brighton Rail Station
  • Offers invited in the region of £295,000

Property description

Tenure: Leasehold

Description

Long leasehold Investment
FOR SALE

Location


The property forms part of the ground floor of a recently constructed mixed use building on Providence Place with commercial uses to the ground floor and 9 residential units to 2 upper floors. Providence Place runs parallel to the eastern side of the A23 London Road - the main north to south access road into Brighton city centre and a significant retail and commercial area.

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.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.



VAT


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

Accommodation


The property has recently been constructed and forms a self contained corner ground floor unit with a full height glazed frontage.

We have measured the existing accommodation to have the following approximate net internal floor areas: Total size 52.30 sq m (563 sq ft)


EPC


We understand the property to have an EPC rating of C (65).

Legal Fees


Each party to bear their own legal costs incurred.

Terms


Long leasehold for a term of 999 years.

The long leasehold interest is offered for sale with offers invited in the region of £295,000.


Lease

The property is let by way of a 15-year equivalent FRI lease without a break from 21.09.2020 at a current rent of £20,000 pa. There is an upward only rent review every 5 years.

Brochures

Corner Of, 49-50 Providence Place, Brighton, East Sussex, BN1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brighton Station0.3 miles
  • London Road (Brighton) Station0.4 miles
  • Preston Park Station1.2 miles

About Flude Property Consultants, Brighton

19 New Road, BN1 1UF

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

More properties from Flude Property Consultants, Brighton

Industry affiliations

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3939FH. 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 Flude Property Consultants, Brighton. 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.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.