Freehold Commercial Investment Producing £22,000 Per Annum

The building forms part of a terrace on the east side of London Road and the corner of Rose Hill Terrace. This three storey commercial building comprises of retail space on the ground and first floor, along with an office and basement storage. Situation The property is situated in a vibrant city centre location, close to the local amenities at Preston Circus and Brighton’s Preston Park. The immediate vicinity is characterised by a mix of residential properties, retail units and restaurants. Location Pin (What3Words): brief.feast.piper https://w3w.co/brief.feast.piper Accommodation Ground Floor Retail - 40.78 sq.m. Ground Floor Office - 8.89 sq.m. First Floor Retail - 36.4 sq.m. Basement Storage - 12.75 sq.m. Basement Kitchen - 6.4 sq.m. Total Floor Area - 105.2 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 Let on a 10 year lease from 20th November 2018, with a rent review on the 20th August 2023, at a rent of £22,000 pa. August 2023 rent review has not been implemented. Full repairing and insuring terms. Rateable Value £13,250 EPC Rating D

Lot Type

Commercial

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.