Commercial property for sale
77b London Road, Brighton, BN1 4JF
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
**For Sale By Auction on Thursday 23 November 2023**
*Guide Price £265,000
Freehold Commercial Investment Producing £22,000 Per Annum
Description
The building forms part of a terrace on the east side of London Road and the corner of Rose Hill Terrace. This three storey commercial building comprises of retail space on the ground and first floor, along with an office and basement storage.
Situation
The property is situated in a vibrant city centre location, close to the local amenities at Preston Circus and Brighton's Preston Park. The immediate vicinity is characterised by a mix of residential properties, retail units and restaurants.
Location Pin (What3Words): brief.feast.piper
Accommodation
Ground Floor Retail - 40.78 sq.m.
Ground Floor Office - 8.89 sq.m.
First Floor Retail - 36.4 sq.m.
Basement Storage - 12.75 sq.m.
Basement Kitchen - 6.4 sq.m.
Total Floor Area - 105.2 sq.m.
NB WE DRAW YOUR ATTENTION TO THE BUYERS PREMIUM OF £1,200 INC VAT.
WE RECOMMEND INTERESTED PARTIES DOWNLOAD 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
Tenure Freehold
Tenancy
Let on a 10 year lease from 20th November 2018, with a rent review on the 20th August 2023, at a rent of £22,000 pa. August 2023 rent review has not been implemented. Full repairing and insuring terms.
Rateable Value £13,250
EPC Rating D
77b London Road, Brighton, BN1 4JF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- London Road (Brighton) Station0.3 miles
- Brighton Station0.3 miles
- Preston Park Station1.2 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
Disclaimer - Property reference 227404. 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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