- Mixed Freehold Investment
- Currently arranged as Retail Unit to the ground and lower ground floors enjoying A1 use
- First & Second Floor Maisonette sold off on long lease with only 62 years remaining One of Brighton’s Premier Locations in the Heart of the City Centre
LOCATION The property is situated 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 & ACCOMMODATION RETAIL UNIT Basement (Ancillary) 34.93 sq.m Retail Sales 35.03 sq.m Ancillary 65 sq.m TOTAL 75.96 sq.m Current Rent: £18,500 per annum increasing to £20,000 in March 2019 Phased in as follows: May 2017: £15,500 per annum March 2018: 18,500 per annum March 2019: £20,000 per annum Let on a FRI Lease to from 2007 for a period of 15 years expiring on 24th March 2022. upwards only rent review every 3 years FIRST & SECOND FLOOR MAISONETTE Sold off on a long lease for a period of 99 years from 24th June 1981 (only 62 years remaining). Ground Rent £75 per annum TENURE Freehold
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.