- Freehold Mixed Investment Producing Approximately £34,550 Per Annum
- 5 x One & Two Bed Flats on Upper Parts, Retail Unit on Ground Floor Plus Two Garages
- Prominent Corner Location in Busy Commercial Thoroughfare
Howlett Clarke, 8-9 Ship Street, Brighton, BN1 1AZ Tel: 01273 327272 FAO: Warren Robertson
|Column 1||Column 2|
|FLAT 1: Assured Shorthold Tenancy.||Holding Over 28/11/2012. £550 per month|
|FLAT 2: Assured Shorthold Tenancy.||New 6 month agreement from 10/12/2014. £475 per month|
|FLAT 3: Assured Shorthold Tenancy||Holding over 03/04/2010. £450 per month|
|FLAT 4: Assured Shorthold Tenancy||Holding over from 13/05/2014. £450 per month|
|FLAT 5: Assured Shorthold Tenancy||Holding over 30/08/2012. £425 per month|
|Garage:||£50 per month|
|SHOP: 10 year FRI lease from May 2012 with a break at the Fifth year.||£5,750 – 1-5 yrs rising to:
£6,000 6-7 yrs, £6,250 8-9 yrs & £6,500 year 10
|TOTAL:||£34,550 per annum|
|Column 1||Column 2|
MAIN FRONTAGE TO SEASIDE ROAD: 3.75m
RETURN FRONTAGE TO ELMS ROAD: 8.5m
TOTAL WIDTH: 5.6m
TOTAL DEPTH: 10.7m
TOTAL NET INTERNAL FLOOR AREA: 60 SQ M
Lease includes use of one of the garages to the rear of the property – measurements below.
|SECOND & THIRD FLOOR MAISONETTE
FLAT 2: Double glazed throughout with electric storage heating.
RECEPTION ROOM WITH INCORPORATED KITCHEN: 5m x 4.4m. Stairs leading to:
BEDROOM: 3.2m x 3.6m.
FLAT 1: Double glazed throughout with gas fired central heating.
ENTRANCE HALL: Doors leading to bathroom, bedroom 2 and reception room with stairs down to bedroom 1.
RECEPTION WITH INCORPORATED KITCHEN: 4.3m x 5.4m.
BEDROOM 2: 3.9m x 2.6m.
BEDROOM 1: 5.2m x 3.4m. Storage cupboard housing boiler.
FLAT 4: Double glazed throughout with electric storage heating.
RECEPTION WITH INCORPORATED KITCHEN: 5.5m x 4.2m. Bay window and feature fireplace.
BEDROOM: 4.2m x 3.8m.
|FLAT 5: Double glazed throughout with electric storage heating.
BEDROOM: 2.7m x 2.8m. Storage cupboard.
RECEPTION ROOM: 4.9m x 3m. Leading to:
KITCHEN: 2.2m x 1.7m.
2 x Garages
WIDTH: 2.9m DEPTH: 5.2m.
DOOR WIDTH: 2.3m HEIGHT: 2.28m
Each garage is of concrete construction with an up and over door. One garage is included with the lease to the shop, the second is currently let at £50 per month.
FLAT 3: Double glazed throughout with electric storage heating.
RECEPTION ROOM WITH INCORPORATED KITCHEN: 5.3m x 4.3m. Bay window
BEDROOM: 3.8m x 4.1m.
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.