170 Edward Street, Brighton, BN2 0JB
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Description
**For Sale By Auction on Tuesday 31 January 2023**
*Guide Price £280,000
Freehold mixed Investment in Kemp Town producing £21,480 per annum
description
The building forms part of a terrace on the south side of Edward Street. This two storey building comprises a ground floor commercial unit, with kitchen and wc. On the first floor is a studio flat with kitchen and bathroom.
Situation
Situated on Edwards Street, within the East Cliff Conservation Area of Kemp Town. The area is populated by many well established independent coffee shops and restaurants, along with a number of larger commercial traders such as Starbucks, Superdrug and Sainsburys. Brighton Mainline Railway Station is just under a mile away (London Victoria 72 minutes)
Accommodation
Retail
Total Floor Area - 45 sq.m.
Flat
Total Floor Area 31 sq.m.
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY
Rateable Value - £7,000
Tenure - Freehold
Tenancies
Retail unit - Let on a 5 year lease from 10th June 2021, with a break clause on the second anniversary of the contractual term, at a rent of £13,200 pa. Tenant has exercised the break clause and vacates on the 9th June 2023.
Studio flat - We have been informed that the studio flat is currently let at approximately £690.00 pcm. We have requested a copy of the AST agreement to be uploaded to the legal pack. Tenant has given written notice to vacate on the 31st January 2023.
Council Tax Band A
EPC Rating Retail Unit - C / Flat - D
170 Edward Street, Brighton, BN2 0JB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.5 miles
- London Road (Brighton) Station1.0 miles
- Preston Park Station1.8 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
Disclaimer - Property reference 195224. 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 Austin Gray, Auction House Sussex. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 109784.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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