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31 Ship Street, Brighton, BN1 1AD

Offers in Region of
£425,000

£1280.12 per sq ft

Business rates & charges may apply

Eightfold Commercial Limited, Commercial
SIZE AVAILABLE

332 sq ft

31 sq m

SECTOR

Commercial development for sale

USE CLASSUse class orders: A1 Shops

A1

Key features

  • FREEHOLD - £425,000
  • DESIRABLE CITY CENTRE LOCATION
  • RETAIL & RESIDENTIAL
  • RECENTLY COMPLETED NEW LEASE ON THE COMMERCIAL ELEMENT
  • 7.71% NET YIELD

Description

A mid terrace property comprising a retail unit over ground floor and basement with a 1-bedroom maisonette above. The property is fully tenanted with the commercial element having a new lease completed in March 2025. The ground floor retail unit is let by way of an internal & shop front repairing lease of 10 years ending 18th March 2035 to Brighton Creamer LLP at a rent of £24,000 per annum exclusive, subject to a tenant only break option on 17th March 2030 and a rent review on 18th March 2030. The landlord holds a rent deposit of £5,500. The residential element is subject to a regulated tenancy at a rent of £650 per calendar month.

Situated on the southern side of Ship Street on the edge of Brighton's famous Lanes, close to Duke Street, North Street & Union Street. Nearby occupiers include The Ivy & Ivy Asia, Browns, Pizza Pilgrims, Honest Burger & Fred Perry in addition to an array of other local and national eateries, retailers and pubs & bars.

The freehold interest is available to purchase for the sum of £425,000 with the benefit of the existing tenancies. A purchase at the suggest level shows a net yield of 7.17% based on a purchaser’s cost of 4.33% & the current income of £31,800 per annum.

The normal ID & proof of address will be required from all parties in the transaction.

Energy Performance Certificates

EPC

Brochures

31 Ship Street, Brighton, BN1 1AD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brighton Station0.5 miles
  • London Road (Brighton) Station1.1 miles
  • Hove Station1.6 miles

About Eightfold Commercial Limited, Commercial

86 Gloucester Road, Brighton, England BN1 4AP

Notes

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Disclaimer - Property reference 292247-1. 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 Eightfold Commercial Limited, Commercial. 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.

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