39 London Road, Brighton, BN1 4JB
Size
1,708
Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
- Other use(s)
- Other
No floor / site plan
Key features
- Prominent location on one of Brighton's busiest commercial thoroughfares
- Ground floor commercial accommodation let to Boots Opticians. Upper floor HMO accommodation providing additional residential income
- Diversified income stream totalling £55,400 per annum
- Potential for future rental growth through rent review provisions within the commercial lease
Description
A rare opportunity to purchase a fully let income producing freehold investment situated in a prominent position on Brighton's established London Road. The property is configured over three floors, and comprises a ground floor retail unit with glazed frontage and HMO student accommodation above. The property generates a combined rental income of £55,400 per annum, and offers a diversified and income producing investment within a highly accessible city centre location.
Location
The property occupies a prominent position on London Road, a well-established retail thoroughfare in Brighton. The area benefits from a strong mix of national and regional occupiers, including The Gym Group, PureGym, Co-op, Nando’s, Costa Coffee, Starbucks, Coffee#1, McDonald’s and Taco Bell. London Road serves a densely populated residential and student catchment, generating strong levels of footfall throughout the day and evening. The location is firmly established as a key commercial destination within the city, benefiting from excellent public transport links. Brighton Railway Station is situated approximately 0.5 miles to the south, providing regular services to London, Gatwick Airport and destinations across Sussex. The property also benefits from convenient access to the city centre and the wider Brighton & Hove conurbation.
Tenancy Information - Commercial Accommodation
Tenant: Om Optical Limited (trading as Boots Opticians)
Lease Term: 20 year lease from 5 October 2018, expiring in October 2038, subject to tenant break options every fifth year.
Current Rent: £23,000 per annum exclusive.
Rent Reviews: Five-yearly upward only open market rent reviews.
Tenancy Information - Residential Accommodation
The upper floors are arranged as HMO accommodation and currently generate a rental income of £32,400 per annum.
Leases and tenancy agreements are available upon request.
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- Business rates
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- Listed building
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Brochure
39 London Road, Brighton, BN1 4JB
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 396520-1. 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.