Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A
Key Features: • Ideal Freehold Investment • Busy Trading Location • Prominent Corner Building • Fully Let and Income Producing - £19,800pa rising to £21,800pa in 2026
Location: • Nearest Station: Moulsecoomb Station • Distance to Station: 0.6 miles
Agent Information: • Address: 7 St Georges Road BN2 1EB
Full Description: An impressive two-storey corner freehold property forming part of a Parade of shops serving thelocal community and beyond.Fully let and income producing from ground floor commercial lease, residential tenancy over, plusforecourt and rear yard area.Ground Floor - Gross Window and Side Frontage: 28ftInternal Width: 21’3”Total Shop Depth: 29’4”Total Commercial Accommodation: 340 sq ft (31.6 m2)Divided into three partitioned sections, this property boasts a well-designed layout that includes afully equipped galley kitchen positioned at the rear. The interior is well-kept with contemporaryconveniences such as fitted carpets, gas-fired central heating, stylish strip and spot lighting, anddouble-glazed windows.In addition, a practical rear courtyard area accompanies the flat, adding an extra dimension ofutility and charm to the space.Residential Accommodation With Self-Contained Acce - First Floor - Living Room: 10 '19” x 10' 01” – with bay window overlooking Hollingdean Place.Kitchen: 13’ 38” x 9’ 95” – galley kitchen fitted with floor cupboards.Bathroom: 8’ 6” x 4’ 85” – fitted with bath, WC and sink.Bedroom: 11' 82" x 11' 06" – with a large window at the rear of the propertyTenancy Information - Ground Floor - Commercial ground floor – leased to Brighton Funeral Directors Ltd trading as Brighton FamilyFuneral Services on a lease for a term of 12 years from October 2023 at a rent of £9,000 perannum, exclusive, rising to £11,000 per annum, exclusive in 2026.Tenant to hold the option to determine the lease at the anniversary every 3rd Year - subject tothe tenant giving no less than 6 months’ written notice.The lease is inside the Landlord and Tenant Act 1954 - Part II (as amended).First Floor - Residential first floor – let on a Shorthold Tenancy at £900 per calendar month - £10,800 perannum.Total Current Rental Income: £19,800pa rising to £21,800pa in 2026.Terms Of Sale - Price – offers invited in excess of £300,000 (three hundred thousand pounds), for the freeholdinterest and subject to any current tenancies and income.A purchase at this level would provide for a Gross Initial Yield of 5.66% rising to 6.23% in 2026.Business Rates - Billing Authority: Brighton & Hove- Description: Shop and Premises - Rateable Value: £5,000.00- Rates Payable: - Valid from: April 2023 (current)VATThe property is not elected for VAT.Location - This property is located on a prominent corner of Hollingbury Place and Hollingdean Terrace,within a bustling local parade of shops, food establishments, and offices that cater to the needs ofthe surrounding community. Among the current occupiers are Blakes Post Office, HarpersPharmacy, Mulberry's off licence, and a popular fish and chip shop, among others.Hollingbury is primarily a densely populated residential suburb of Brighton, conveniently situatednear the main A270 Lewes Road. Additionally, the property is within walking distance of thevibrant Fiveways area and Ditchling Road, both of which are popular destinations for locals andvisitors alike.Brochuresgraves-jenkins_2-hollingbury-place-brighton-bn1-7gBrochure
