Description

Location
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.

Description
The property comprises of a mid-terrace building with two retail units and nine flats above sold off on long leases.

9x Flats sold on 125 year leases from 2004, £100 p/a ground rent each total £900pa.
47 Queens Road, tenant holding over – Rental £10,800pa
48 Queens Road tenants lease expires Oct 2021 – Rental £21,000pa

Size
Shop 47 – 28sqm/ 301.28sq.ft
Shop 48 – 69sqm/ 742.44sq.ft

Freehold
Offers are invited in excess of £470,000 for the freehold interest in the property, subject to the existing leases on the building.

Business Rates
Interested parties are advised to contact the local authority to confirm the rates payable.

Legal Costs
Each party will be responsible for their own costs incurred in relation to the transaction.

EPC
EPC’s are available for interested parties to view on request.

VAT
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.

Viewing
Strictly by appointment with SOLE AGENTS, PARSONS SON AND BASLEY