Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • £220,000 FOR THE FREEHOLD INTEREST • COMPRISING FULLY LET RETAIL UNIT WITH RESIDENTIAL ABOVE SOLD OFF BY WAY OF LONG LEASE • DESIRABLE FIVEWAYS LOCATION • NET YEILD 6.97%

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 86 Gloucester Road, Brighton, England BN1 4AP

Full Description: A well-positioned, terraced building arranged over ground and 1st floors. The ground floor retail unit is let to Daniel Parsons trading as Fiveways Fruits by way of an effective full repairing & insuring lease from February 2025 for a term of 10 years with rent reviews on the 3rd and 6th anniversary at a rent of £15,600 per annum. The commercial tenant has occupied the premises since 2003, with the premises being run as the same use prior. The residential above is sold off by way of long lease, paying £100 per annum ground rent.The property is situated in Fiveways, on the eastern side of Ditchling Road, opposite the junction intersecting Hythe Road. London Road railway station is a short walk south with Preston Park & Preston Park Station to the west. Nearby occupiers include, Co-op Food, Barfields Butchers, The Flour Pot Bakery and Rustico Restaurant.Offers are invited for the freehold interest in the region of £220,000 with the benefit of the existing tenancy. Based on the total annual income of £15,700 a purchase at this level would produce a net yield of 6.97% based on purchasers costs of 2.44%.As in accordance with regulations the appropriate anti money laundering searches will need to be carried out for which a charge of £50 per person appliesEnergy Performance CertificatesEPC