Park Crescent Terrace, Brighton

Freehold Mixed Investment In Central Brighton

Description - The building forms part of a terrace of properties, on the east side of Park Crescent Terrace. This two storey property currently occupied by an independent trader, comprises of a ground floor commercial workshop, office, storeroom and wc. Over the first floor, is a vacant self-contained flat, comprising 2 double bedrooms, living room, kitchen/breakfast room and bathroom.

There is potential to convert the property into one single dwelling (C3) - subject to the necessary consents.

Situation - Park Crescent Terrace is situated within a residential area, just minutes from London Road and Lewes Road, Brighton - offering a variety of cafes, shops, restaurants,bars and entertainment facilities. The North Laines and Brighton Mainline Railway Station are approximately half a mile from the property (London Victoria 62 minutes).

Accommodation - COMMERCIAL GROUND FLOOR
Floor Area – 116.76 sq.m.

FIRST FLOOR
Floor Area – 59.74 sq.m.

Total Floor Area – 176.5 sq.m.

Tenancies - COMMERCIAL WORKSHOP
On and including, 19th October 2019, up to and including, 18th October 2024. Let at an initial rent of £11,800pa - the tenant is holding over.
No security of tenure

FIRST FLOOR
Vacant – previously let at £12,000pa

Rent - Commercial rent £11,800 pa

Tenure - Freehold

Epc Rating - Flat (26a) - E
Commercial – E

Council Tax - Flat (26a) – Band A

Rateable Value - £12,750

Legal Fees - Each party will be responsible for their own costs incurred in relation to the transaction.