Freehold Commercial Investment - Producing £15,600 Per Annum

The property forms part of a terrace on the east side of Ditchling Road. This two storey building consists of a ground floor retail unit, currently let at £15,600 per annum to Fiveways Fruits, and a first floor self contained flat - which has been sold off on a long lease. Situation The property is located in popular 'Fiveways', approximately 2 miles from Brighton City centre with its range of amenities along with Brighton seafront & promenade. Both Blaker's Park and Preston Park are within walking distance, as is London Road railway station with links to Brighton and Preston Park railway station,(London Victoria 62 minutes). NB WE DRAW YOUR ATTENTION TO 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 Accommodation Retail space - 20 Internal storage - 27 WC Total Floor Area - 47 sq.m. Tenure Freehold Rent The ground floor shop is let to Fiveways Fruits on a 10 year lease expiring 01 January 2033 with a current rent of £15,600 pa. Lease The first floor flat is sold off on a long lease, with the term expiring on 22 June 2195 with a peppercorn ground rent. Rateable Value £7,400 EPC Rating C

Lot Type

Commercial 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.