Description

  • Freehold Commercial Investment
  • Currently arranged as Retail Unit to the ground & lower ground floors with A3 Use
  • One of Brighton’s Premier Locations Right opposite Brighton Mainline Railway Station Rent Review for September 2016 Outstanding
LOCATION The property is located within the highly desirable and very much sought after position immediately opposite Brighton Mainline Railway Station with its commuter links to and from London as well as other parts of the country. All of the facilities and amenities Brighton has to offer including shops, restaurants, The North Laine, Churchill Square Shopping Centre, Theatres and the Seafront to name but a few are only a short walk away. DESCRIPTION & ACCOMODATION RETAIL UNIT Basement Ancillary 49.22 sq.m Ground Floor Retail Sales 35.07 sq.m Ground Floor Ancillary 7.57 sq.m Total 91.86 sq.m Rent: £13,000 per annum Rent reviews every 5 years upward only. Please Note that the September 2016 rent review remains outstanding. Lease: FRI lease for a period of 20 years from 29th September 2006 expiring on 28th September 2026 LONG LEASEHOLD FLAT First & Second Floor Maisonette sold off on a long lease for a term of 224 years from 25th March 1982 at a peppercorn ground rent. TENURE Freehold

Solicitors

Barlow Robbins LLP The Oriel, Sydenham Road, Guildford, Surrey, GU1 3SR Tel: 01483 464279 Contact: Jo Farr

Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.