Arundel Court, Arundel Road, Brighton, BN2 5TX
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
*Guide Price £200,000
Freehold Investment Including 2 x Commercial Units - Producing £20,550 pa
Description
Arundel Court is a large Art Deco building on the east side of Kemp Town. The property comprises of 2 x self contained retail units to the ground floor, currently being run as a barber shop and laundrette. The remaining 10 x residential flats have all been sold off on long leases. To the rear of the property is a communal garden.
Situation
The property is situated in the popular Kemp Town area of Brighton, the immediate vicinity is characterised by a mix of residential and retail. The Royal Sussex County Hospital close by to the east. Nearby occupiers include Lidl supermarket and Dominos Pizza, along with numerous independent retailers.
Location Pin (What3Words): whips.foam.credit
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY
Rents
55b Arundel Court is let on a 7 year lease, beginning 1st December 2018, expiring 31st November 2025. Current rent £10,000 pa.
55c Arundel Court is let from and including 22nd March 2023 to and including 21st March 2033. Current rent £10,000 pa
Ground Rents
FLAT 1 - Current rent - Peppercorn
FLAT 2 - Current rent - £100.00 pa doubling every 33 years
FLAT 3 - Current rent - £100.00 pa doubling every 25 years
FLAT 4 - Current rent - £50.00 pa doubling every 33 years
FLAT 5 - Current rent - £100.00 pa doubling every 33 years
FLAT 6 - Current rent - £100.00 pa doubling every 33 years
FLAT 7 - Current rent - Peppercorn
FLAT 8 - Current rent - Peppercorn
FLAT 9 - Current rent - Peppercorn
FLAT 10 - Current rent - £100.00 pa doubling every 33 years
Accommodation
55b - 41 sq m
55c - 43 sq m
Rateable Values
55b - £7,200
55c - £7,800
Lease Term
FLAT 1 - 189 years from 25.12.1986
FLATS 2 - 99 years from 25.12.1986
FLAT 3 - 189 years from 25.03.1988
FLAT 4 - From 17.4.2012 to 16.04.2137
FLAT 5 - From 25.12.1986, expires 24.12.2175
FLAT 6 - From 25.3.1986, expires 24.3.2175
FLAT 7 - From 19.10.2023, expires 24.12.2175
FLAT 8 - From 18.10.2023, expires 15.07.2204
FLAT 9 - 189 years from 25.12.1986
FLAT 10 - 99 years from 25.12.1986
Tenure
Freehold
EPC Rating
55b - D
55c - C
Brochures
Legal DocumentsArundel Court, Arundel Road, Brighton, BN2 5TX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station1.7 miles
- London Road (Brighton) Station1.9 miles
- Moulsecoomb Station2.1 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
Disclaimer - Property reference 313889. 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 Austin Gray, Auction House Sussex. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 109784.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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