The property is situated on Queens Road which is the main road leading down from Brighton railway station to the city centre and seafront, with a high level of footfall the building has a prominant position on the west side of the street between Church Street and North Road.
The building comprises of a mid-terrace building arranged over lower ground floor, ground, first and second floors, with a small enclosed rear yard space.
Internally the property is arranged as offices with the building let to a single tenant.
The building is let on a FRI basis to First People Recruitment Limited for a term of 15 years ending in 2023 current passing rental is £22,000 per annum with reviews in 2012 and every fourth anniversary.
The rent reviews from 2012 and 2016 have not been implemented and would expect that the 2016 review in particular can still be operated.
LGF – 329sq.ft
GF – 396sq.ft
1st – 404sq.ft
2nd – 281sq.ft
Total internal area 1,409sq.ft
Offers are invited in excess of £395,000 for the freehold interest in the property, subject to the existing lease on the building.
We are advised that the property has a rateble value of £17,250. Interested parties are advised to contact the local authority to confirm the rates payable.
Each party will be responsible for their own costs incurred in relation to the transaction.
An EPC is available for interested parties to view on request.
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.
Strictly by appointment with SOLE AGENTS, PARSONS SON AND BASLEY
- Rare Unbroken Freehold
- City Centre Location
- Office Investment
- Close to Brighton Station