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AGENT'S DETAILS


92 Lewes Road, Brighton, BN2 3HZ

For sale: £770,000.00|673 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£770,000.00
SIZE673 Sq Ft
ADDRESS92 Lewes Road, Brighton, BN2 3HZ
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON20th June 2020

DESCRIPTION

Description

Corner retail unit with residential to lower and upper parts.
FOR SALE

Location

The property is situated along the A270 Lewes Road
which is one of the principle thoroughfares linking
Brighton city centre to the A27 bypass. The premises
are located on the western side of Lewes Road gyratory and the Sainsbury's supermarket.
Lewes Road is a busy shopping area occupied by
both national and local independent traders and is
particularly popular with students due to its proximity
to Brighton University, City College and Sussex
University at Falmer. Lewes Road is the main route into Brighton and Hove Albion stadium at Falmer.

VAT

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

Accommodation

The property comprises a three storey detached building located in a prominent corner position.
Floor Rental Income
Ground Floor Retail Unit£20,800 PA
Lower ground 1 bed flat£7,800 PA
5 bedroom HMO on Uppers£19,800 PA


We have measured the existing accommodation to have the following approximate Net Internal Areas:

Ground Floor Retail Unit673 sq ft

EPC

We understand the property has an EPC rating of E.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

We have been instructed to seek offers at a guide price of £770,000 (seven hundred and seventy thousand pounds) for our client's freehold interest.

The maisonette and basement flat are let by way of AST (Assured Short Term Tenancies) and the shop is let by way of a 15 year lease inside the act dated 26-07-2017, subject to a 5 yearly fixed upward rent reviews of £2,600 upon each review date.
( Agency Pilot Software Ref: 3535 )

LOCATION

Location: 92 Lewes Road, Brighton, BN2 3HZ

London Road (Brighton) (0.5 miles)

Moulsecoomb (0.7 miles)

Brighton (0.8 miles)

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