TYPERetail - High Street, Restaurants/Cafes, Residential, Retail, Licensed & Leisure
TENUREUnder Offer, For Sale Freehold
POSTED ON16th November 2020
Freehold investment / development opportunity for sale.
Forming part of a retail portfolio; being sold on behalf of a Charitable Trust.
Comprising two adjoining High Street units currently forming a restaurant with first floor one-bedroom flat, and a vacant shop.
133 - 135 Brighton Road - a restaurant and first floor one-bedroom flat, let entirely to Takon Meah, trading as T.Raj Tandoori Restaurant, on a full repairing and insuring lease, expiring 28th September 2024 with a passing rent of £26,500 per annum.
137 Brighton Road - a vacant shop with an ancillary first floor office.
We consider there to be good development potential for a mixed-use scheme, subject to the grant of planning permission.
No VAT chargeable.
Unconditional and subject to planning offers are invited in excess of £775,000 for the freehold interest, subject to contract.