9 East Street, Brighton, BN1 1HP

Description
The retail unit is configured as open plan with floor to ceiling glass frontage, laminate flooring and pendant lighting. The 2 bedroom self contained maisonette has secure gated access from Kings Road and is finished to a high standard.

The Shop is let on a FRI 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.

The FF/SF maisonette is let to a company on a common law tenancy for 3 years from 24th June 2024 with a break clause at 12 months, current rent is £1,850pcm.

Producing a total collective income of approximately £43,700 per annum.

Location
The property is located within a prime position on East Street, among a host of popular tourist destinations including, 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 independent retailers, cafes, restaurants, and bars nearby, providing the area with a very high level of footfall area.

Viewings
To arrange a viewing, please contact Joint Sole Agents - Newlands Property or Graves Son & Pilcher.

Terms
Offers are invited in the region of £545,000 for the freehold interest of the property (subject to existing tenancies). A purchase at this level would reflect a NIY of 7.65%.