80 Beaconsfield Road, Brighton, BN1 6DD
Size
444
Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- Located on busy A23 corridor
- Mixed Use Building comprising Class E shop and 3 x flats sold off on long leases
- Freehold Investment
- Income producing, approximately £13,400 per annum exc with fixed uplifts
- Lease expiry in May 2037 – circa 10 years remaining
- Opportunity to agree lease extensions on the 2 flats with 60 years remaining
Description
The property comprises a mid-terraced retail unit, together with self-contained upper parts. The commercial element is currently fully let to an established hot food takeaway. The lease provides c. 10 years term certain with fixed rental uplifts making the property an appealing investment opportunity.
The upper parts have been sold off on long leases. One of the leases has been extended. The other two have c. 60 years remaining.
Location
The property occupies a prominent position along Beaconsfield Road. Beaconsfield Road is situated close to Preston Park and forms part of the A23 corridor, one of the main arterial routes into Brighton City Centre. Nearby occupiers including Kamsons Pharmacy, Arkwrights Deli, Sunny Foods and Cats Protection. The surrounding area is a mixture of independent shops, cafes and restaurants and local services as well as high density residential. Brighton Train Station is approximately 0.6 miles away which provides regular services to London and other areas in Sussex. Preston Park Station and London Road Station are also close by.
Terms
Offers are invited in the region of £225,000 for the freehold interest of the property (subject to existing tenancies).
Tenancy Information
Shop and First Floor Flat – Let on a commercial lease to private individuals for a term of 20 years from 19 May 2017. The passing rent is £13,200 per annum exclusive. The rent is due to increase to £14,250 per annum exclusive on 19th May 2027, with a further uplift to £15,972 p.a.x. in May 2031.
Flat 1 – 99 year lease from 25 March 1987 at a Ground rent of £100 p.a.
Flat 2 – 189 years from 25 March 1987 at a peppercorn rent
Flat 3 – 99 years from 25 March 1987 at a ground rent of £100 p.a.
N.B. Copy of leases available on request to serious applicants.
The total annual income for the building is £13,400 per annum exclusive
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- Business rates
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- Use class
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- Listed building
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Brochure
80 Beaconsfield Road, Brighton, BN1 6DD
About GRAVES SON AND PILCHER LLP, East Sussex
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.
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Disclaimer - Property reference 354794-1. 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 LLP, 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.