46 Brunswick Road, Shoreham-By-Sea BN43 5WB

The property comprises a mixed retail and residential building, formerly known as the Burrell Arms Public House and arranged over five storeys.

The retail unit is configured over the ground floor with basement storage, and with five individual flats located over the upper three floors.

The property is situated in a prominent corner position, directly opposite Shoreham mainline railway station at the junction of Brunswick Road and Station Approach.

Shoreham is a busy coastal town with excellent links to Brighton, Portsmouth, Chichester and London.

The restaurant unit is let to an owner operator, under the terms of an effective full repairing and insuring lease for a term of 25 years from 24 January 2008, expiring 23 January 2033. The passing rent is £35,000 per annum and subject to five yearly upward only rent reviews, with the next review in January 2028.

The upper parts are sold off by way of 150 year leases dated 25 March 2008 paying a combined ground rent of £1,000 per annum.

The property is elected for VAT.

Each party to bear their own legal costs incurred.

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.

Freehold investment subject to tenancies

Ground floor and basement restaurant let at £35,000 per annum

5 flats over upper parts sold off on long leases

Located opposite Shoreham mainline railway station

Offers in the region of £450,000