110 St. James's Street, Brighton, East Sussex, BN2

Property Details: • Type: 316-716 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Central Brighton Investment For Sale • Sold with planning permission to redevelop lower ground floor • Located on popular and busy retail pitch • Current commercial tenant keen extend the existing lease • Freehold OIEO £400,000

Location: • Nearest Station: Brighton Station • Distance to Station: 0.6 miles

Agent Information: • Address: 19 New Road, BN1 1UF

Full Description: Investment for sale with benefit of planning permission for 680 sq ft flatThe property is situated on the southern side of St James Street between Broad Street and Madeira Place.St James Street is a popular retail thoroughfare and lies within easy walking distance of the city's main commercial district, with the seafront and Royal Pavilion in close proximity.Surrounding occupiers include a number of established retailers including Morrisons, Starbucks, Superdrug and Purezza Pizza as well as a variety of independent traders.The property benefits from the planning permission (BH2022/01531) to convert the lower ground floor store rooms into a 680 sq ft flat (C3).Rents and prices are quoted exclusive may be subject to VAT.AccommodationThe property forms part of a terrace and comprises a self-contained commercial unit, lower ground floor store rooms and three flats located on the upper floors.The floor area of the commercial unit is:316.25 Sq Ft / 29.38 Sq MTBCEach party to bear their own legal costs incurred.Freehold subject to the leases detailed below.Tenancy Schedule: Tenure / Rent per annumLower ground floor (Store Room) / Vacant / N/aCommercial Unit: 10 years from 23/07/2019. Inside the L&T Act. Rent reviews July 2025 and 2028. £10,000 rent deposit held. £19,000 paFlat 2: 125 year lease dated 01/08/2012 / £250 doubling every 25 yearsFlat 3: 125 year lease dated 01/08/2012 / £250 doubling every 25 yearsFlat 4: 125 year lease dated 01/08/2012 / £250 doubling every 25 yearsTotal rent per annum: £19,750Guide price OIEO £400,000Central Brighton Investment For SaleSold with planning permission to redevelop lower ground floorLocated on popular and busy retail pitchCurrent commercial tenant keen extend the existing leaseFreehold OIEO £400,000