31 Ship Street, Brighton, BN1 1AD

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

Key Features: • AUCTION GUIDE PRICE £380,000+ • DESIRABLE CITY CENTRE LOCATION • RETAIL & RESIDENTIAL INVESTMENT • RECENTLY COMPLETED NEW LEASE ON THE COMMERCIAL ELEMENT • GUIDE PRICE NET YIELD 8.04%

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

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

Full Description: A mid terrace property comprising a retail unit over ground floor and basement with a 1-bedroom maisonette above. The property is fully tenanted with the commercial element having a new lease completed in March 2025. The ground floor retail unit is let by way of an internal & shop front repairing lease of 10 years ending 18th March 2035 to Brighton Creamer LLP at a rent of £24,000 per annum exclusive, subject to a tenant only break option on 17th March 2030 and a rent review on 18th March 2030. The landlord holds a rent deposit of £5,500. The residential element is subject to a regulated tenancy at a rent of £650 per calendar month. The combined annual rental income is £31,800 per annum.Situated on the western side of Ship Street on the edge of Brighton's famous Lanes, close to Duke Street, North Street & Union Street. Nearby occupiers include The Ivy & Ivy Asia, Pizza Pilgrims, Honest Burger & Fred Perry in addition to an array of other local and national eateries, retailers and pubs & bars.The freehold interest is available to purchase in the Allsop Auction on the 11th June 2025 with a guide of £380,000+ which shows a net yield of 8.04% based on the income of £31,800 per annum. please see following link to auction brochure The normal ID & proof of address will be required from all parties in the transaction.Energy Performance CertificatesEPC