Property Details: • Type: House • Tenure: Freehold • Floor Area: N/A
Key Features: • Auction Date 22nd October 2025 • Freehold for building and shop premises • Set On One Of Brightons Busiest Thoroughfare • Moments From Seafront and Pier
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 174 Church Road, Hove, BN3 2DJ
Full Description: FOR SALE BY AUCTION 27th August 2025A rare opportunity to acquire a substantial freehold building occupying a prominent position on vibrant St James's Street in the heart of Kemptown, Brighton. Spanning over five floors and exceeding 2,100 sq ft, this versatile mixed-use property comprises a ground floor commercial unit with a large basement, and four residential apartments sold on leases.Property Overview:Ground Floor & Basement Commercial Unit:Currently let at £22,000 per annum, with a lease in place for the next three years. The agreement includes a mutual break clause and the option to extend for a further five years, offering flexibility and security for both landlord and tenant. The commercial space benefits from excellent footfall in this busy central location.Residential Units:Flat 1 (First Floor): 125-year lease from 25 March 1987Ground rent: £40, doubling every 21 yearsFlat 2 (Second Floor): 125-year lease from 25 March 1987Ground rent: £40, doubling every 21 yearsFlat 3 (Third Floor): 125-year lease from 25 March 1987Ground rent: £40, doubling every 21 yearsMaisonette (Upper Floors): Lease extended to 161 years from 25 March 1987No ground rent payableKey Features:Prime Kemptown location, moments from Brighton seafront and city centreFreehold title comprising ground floor commercial and four residential unitsCommercial rent of £22,000 p.a. with potential for renewalAttractive long leases across residential units with consistent ground rent incomeIdeal investment with long-term asset management potentialThis is an exceptional opportunity for investors seeking a secure and well-located freehold asset with immediate income and future growth potential. For more information or to arrange a viewing, please contact us.BrochuresUpper St. James's Street, Brighton
