9 East Street, Brighton, BN1 1HP

Description
A rare opportunity to purchase an income producing freehold investment property in a central and vibrant location. The retail unit is configured as open plan with floor to ceiling glass frontage, laminate flooring and pendant lighting. The 2 bedroom self contained flat has secure gated access from Kings Road and is finished to a high standard. The combination of its prime location and current income stream makes this property an appealing investment opportunity, offering both immediate returns and long-term growth potential in Brighton's thriving rental market.

Location
The property is situated in a prime position along East Street, nearby to The Lanes, Brighton Palace Pier, The Royal Pavilion and is within walking distance to Churchill Square Shopping Centre. Nearby occupiers include Toni & Guy, Pret, Pizza Express, MAC and Russell & Bromley. There is also a range of other quirky independent retailers, cafes, restaurants, and bars nearby that benefit from being located in a high footfall area.

Terms
Offers are invited in the region of £575,000 for the freehold interest of the property (subject to existing tenancies).

Tenancy Information
Shop – Let on a commercial lease to a private individual for a term of 10 years from January 2025 with a break clause & rent review at Year 5. The current passing rent is £21,500 + VAT.

Flat – Let to a company on a common law tenancy for 3 years from 24th June 2024 with a break clause at 12 months. £1,850 payable monthly.

The total annual income for the building is £43,700.

Business Rates and Council Tax
Shop – Rateable Value of £18,500 / Flat – Council Tax Band B

EPC's
Shop – 55 C / Flat – 66 D