Freehold Mixed Investment In Central Brighton Producing £18,500 Per Annum

The building forms part of a terrace on the north side of Oxford Street. This three storey building comprises a ground floor commercial unit - currently used as a coffee shop, with seating area and wc to the rear. Over the first and second floor is a 2 bedroom maisonette, with own street entrance, bathroom and open plan living room. Situation Oxford Street is situated just off London Road in central Brighton. The area is populated by many well established independent and commercial traders. Brighton Mainline Railway Station is just half a mile from the property (London Victoria 72 minutes). Accommodation Commercial Unit Total Floor Area - 49 sq.m 8A - Maisonette Total Floor Area - 57 sq.m. NB WE DRAW YOUR ATTENTION TO THE BUYERS PREMIUM OF £1,200 INC VAT. WE RECOMMEND INTERESTED PARTIES DOWNLOAD THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure - Freehold Tenancy The entire building was let on a 5 year lease - from the 13th October 2017 to 13th October 2022 (now expired). Supplemental to the original lease, a further term has been granted for 5 years expiring on 13th October 2027 at a revised rent of £18,500 pa (no reviews). Full repairing and insuring terms. Rateable Value - £9,600 Council Tax Band A EPC Rating Retail Unit - D Maisonette - E

Lot Type

Mixed commercial/residential Investment

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.