Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A
Key Features: • Freehold Investment Opportunity • Prime City Centre Location • Ground Floor Shop • First Floor 2 Bedroom Flat • Current Rent £39,300pa • Potential to Improve Annual Rent
Location: • Nearest Station: Brighton Station • Distance to Station: 0.1 miles
Agent Information: • Address: 8 The Drive, Hove, East Sussex, BN3 3JT
Full Description: A freehold investment opportunity in a prime Brighton location. The property is arranged as a grocer/deli on the ground floor paying a rent of £16,500pa in occupation on a 5 year lease expiring March 2025 and a 2 bedroom, 2 bathroom flat on the first floor currently let on an AST at £1,900pcm (£22,800pa). The flat could suit holiday lets/Airbnb given the prime location, close to Brighton Station and the vibrant City centre. Planning permission has been approved under application BH2024/02255 for the erection of an additional storey and creation of an additional residential unit. Buyers should take their own advice on the existing use class and future hope for redevelopment of the site.BrochuresSurrey Street, BrightonBrochure