The property is located on the Southside of Upper Gloucester Road in Brighton city centre just down from the main train station and off of Queens Road.
This part of Gloucester Road is predominantly residential now with only two other commercial units within the road.
The immediate area to the east forms part of the north laines which is very popular among tourists and boasts very high footfall figures and passing trade, the main seafront and Churchill Square shopping centre is located approx 5/10 minutes’ walk to the south.
The building consists of an A1 retail lock up shop currently operating as a convenience store with a self-contained two bedroom flat above currently let out on an AST for £1,000pcm.
The shop is arranged with open plan retail space with rear kitchenette and W.C as well as under stairs storage space, it has a tiled floor with suspended ceiling and air-conditioning.
The residential flat consists of lounge/ diner separate kitchen with two double bedrooms, separate bathroom and a lean-to utility room it is fitted with gas central heating and double glazing.
Agents note – It is considered in our opinion that there is re-development potential of the building (Subject to necessary planning consent) interested parties should make their own enquiries with the local council.
The ground floor shop has a total internal area of approx 589.86sq.ft or 54.80sqm – 1st floor two bedroom flat unmeasured.
Offers are invited in the region of £475,000 for the freehold interest in the property with vacant possession of the ground floor shop.
The ground floor shop is also available to let on a new FRI lease terms to be agreed with an asking rent of £8,500 per annum.
Each party will be responsible for their own legal costs in relation to this transaction, an undertaking will be required for the vendors costs should the transaction be aborted these will be payable by the purchaser.
An EPC rep