Description

  • Freehold Commercial Investment Over 4 Floors
  • One of Brighton’s Premier Locations in the Heart of the City Centre
  • Retail Unit A1 Use
LOCATION The property is located within the highly desirable and very much sought after North Laine in the heart of the city centre and enjoys a quite superb level of passing footfall each and every day. There is access to Brighton Mainline Railway Station with its commuter links to London and other parts of the country. Bars, restaurants and shops are in abundance whilst Brighton Seafront and other comprehensive tourist attractions populate the vicinity.
DESCRIPTION RETAIL UNIT Basement Ancillary 26.47 sq.m Ground Floor Retail Sales 22.84 Ground Floor Ancillary 2.75 sq.m First Floor Retail Sales 21.80 sq.m Second Floor Retail Sales 21.32 sq.m Total 95.18 sq.m Rent: £20,000 per annum Let on a FRI Lease for a period of 15 years from 12th April 2007 expiring on 11th April 2022 Rent review every 3 years upward only OUR CLIENT ADVISES THAT THE UPPER TWO FLOORS ARE DEMISED WITHIN THE LEASE AS STORAGE THEREFORE IT IS CONSIDERED THAT SUBJECT TO PERMITTED DEVELOPMENT RIGHTS AND OR AS ANY OTHER CONSENTS THAT MIGHT BE REQUIRED, CONVERSION OF THESE FLOORS INTO EITHER TWO FLATS OR A MAISONETTE MIGHT BE POSSIBLE AT A LATER DATE.

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.