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296 Ditchling Road, Brighton, BN1 6JG

Offers in Region of
£285,000

£270.66 per sq ft

Business rates & charges may apply

Graves Son and Pilcher, East Sussex
SIZE AVAILABLE

1,053 sq ft

98 sq m

SECTOR

High street retail property for sale

Key features

  • Opportunity for owner occupier
  • Located in a prime position in Fiveways
  • Building comprising 2 x Class E shops
  • Freehold Investment
  • Income producing, potential £22,500 per annum

Description

Description
A rare opportunity to purchase an income producing freehold investment property in a central and vibrant location. The property is set out over Ground & First Floor and offers a large garden. The combination of its prime location and current income stream makes this property an appealing investment opportunity, or opportunity for an owner occupier, offering both immediate cash flow and long-term growth potential in Brighton's thriving rental market.

Location
Situated within the popular Fiveways Parade on Ditchling Road. The premises serves the densely populated residential area that surrounds and is located on one of the main roads leading into and out of the city centre. Local traders include Flour Pot Bakery, The Fiveways Deli, Fiveways Public House and The Co-operative Food.

Terms
Offers are invited in the region of £285,000 for the freehold interest of the property (subject to existing tenancies).

Tenancy Information
296a Ditchling Road Shop – Let on a commerical lease to private individual for a term of 10 years from TBC

296 Ditchling Road Shop – Vacant, valued at £16,000 pa

N.B. Copy of lease available on request to serious applicants.

The total annual income for the building is £22,500.

Business Rates and Council Tax
296a Ditchling Road Shop – Rateable Value of £4,550
296 Ditchling Road Shop - Rateable Value of £8,700

EPC
296a Ditchling Road Shop - C 66
296 Ditchling Road Shop – D 88

Agents Note
Our client has informed us of some structural building work which may be required to a side wall at the property. Buyers are to make their own enquiries as to the extent of the work required prior to making an offer to purchase the freehold interest.

Brochures

296 Ditchling Road, Brighton, BN1 6JG

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • London Road (Brighton) Station0.6 miles
  • Moulsecoomb Station0.7 miles
  • Preston Park Station0.9 miles

About Graves Son and Pilcher, East Sussex

51 Old Steyne, Brighton, BN1 1HU

Our dedicated agency team is committed to providing clients with a highly professional bespoke service on all types of commercial property matters including, disposals, acquisitions, business relocation etc. We have specialists in the retail/catering, offices, industrial/warehouse and investment/development sectors.

Our service to clients can be summarised as follows:

• Intimate and detailed local knowledge combined with in depth expertise.

• Highly motivated team with over 100 years combined frontline experience.

• Advice on sales, acquisitions, redevelopment appraisals and business relocation on both a freehold and leasehold basis.

• Advice on sale/letting of vacant premises, business transfer (going concerns) and property investment sales.

• Advice to both tenants and landlords alike.

• An unrivalled reputation for maximising rental income, sale proceeds and property assets and enjoy close liaison with our various other in house departments i.e residential, management, professional, rating and building surveying.

• Clients include both National companies and private individuals.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 345411-1. 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 Graves Son and Pilcher, East 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.

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