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AGENT'S DETAILS

PROPERTY AGENT
Will Thomas

14 St. Georges Road, Brighton, East Sussex, BN2

For sale: £129,950.00|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£129,950.00
ADDRESS14 St. Georges Road, Brighton, East Sussex, BN2
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON3rd January 2021

DESCRIPTION

Description

Attractive Investment arranged over 4 levels located in a popular Kemp Town retail location.
Freehold FOR SALE
Business unaffected

Location

The property is situated on the northern side of St Georges Road, located in the popular Kemp Town area of Brighton and is situated within the principle commercial area of St George Road.
The immediate vicinity is characterised by mainly residential, retail, caf� and restaurant uses. The Royal Sussex County Hospital and Brighton College are located close by to the north.

Planning

We understand that the ground floor premises benefit from A1 use within the Use Classes Order 1987 (as amended).
The upper parts are residential.

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Accommodation

The property comprises a four storey mid-terraced building. The property is arranged as follows:

Ground floor - retail lock up shop that is currently used as a card and gift shop.
First and second floor - 2 bedroom residential flat that has been sold on a long lease. The lower ground level is included within the residential flat.

Ground floor retail unit: 20.50 sq m (221 sq ft)

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The freehold interest is offered for sale with offers in excess of £129,950.

The retail unit is occupied on a lease dated 04/09/2013 for a 10 year term, inside the act. The rent is currently £8,000 per annum.

The residential flat is occupied on a lease dated 01/06/2011 for a 125 year term, paying a ground rent of £150 per annum, increasing to:
£300 in 2036,
£600 in 2061,
£1,200 in 2080,
£2,400 in 2111.
( Agency Pilot Software Ref: 3367 )

LOCATION

Location: 14 St. Georges Road, Brighton, East Sussex, BN2

Brighton (1.0 miles)

London Road (Brighton) (1.3 miles)

Moulsecoomb (1.9 miles)

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