Property Information
Address:
92 Lewes Road, Brighton, East Sussex
, BN2 3HZ
, East Sussex
, United Kingdom
Price: Property no longer available.
Size: 673 sq ft63 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH642663
Property Ref/Agent: 3535
*Please use the agent ref when calling the agent directly.
Property description
Description
Corner retail unit with residential to lower and upper parts.
FOR SALE
Location
The property is situated along the A270 Lewes Road which is one of the principle thoroughfares linking Brighton city centre to the A27 bypass.
The premises are located on the western side of Lewes Road gyratory and the Sainsbury's supermarket.
Lewes Road is a busy shopping area occupied by both national and local independent traders and is particularly popular with students due to its proximity
to Brighton University, City College and Sussex University at Falmer. Lewes Road is the main route into Brighton and Hove Albion stadium at Falmer.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Accommodation
The property comprises a three storey detached building located in a prominent corner position.
Floor
Rental Income
Ground Floor Retail Unit £20,800 PA
Lower ground 1 bed flat
£7,800 PA
5 bedroom HMO on Uppers £19,800 PA
We have measured the existing accommodation to have the following approximate Net Internal Areas:
Ground Floor Retail Unit 673 sq ft
EPC
We understand the property has an EPC rating of E.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
We have been instructed to seek offers at a guide price of £750,000 (seven hundred and seventy thousand pounds) for our client's freehold interest.
The maisonette and basement flat are let by way of AST (Assured Short Term Tenancies) and the shop is let by way of a 15 year lease inside the act dated 26-07-2017, subject to a 5 yearly fixed upward rent reviews of £2,600 upon each review date.
Mixed use investment opportunity
Comprising shop (A1) premises to the ground floor and 5 HMO letting rooms to the upper parts and 1 bed flat in basement
Situated in a busy pedestrian & vehicular thoroughfare to Universities and Amex Football Stadium
Excellent local amenities
We have been instructed to seek offers at a guide price of £750,000 (seven hundred and seventy thousand pounds) for our client's freehold interest
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