77b London Road, Brighton, BN1 4JF
SOLD BY AUCTION 2023 Freehold Commercial Investment Producing £22,000 Per Annum
about this property
The building forms part of a terrace on the east side of London Road and the corner of Rose Hill Terrace. This three storey commercial building comprises of retail space on the ground and first floor, along with an office and basement storage.
Situation
The property is situated in a vibrant city centre location, close to the local amenities at Preston Circus and Brighton’s Preston Park. The immediate vicinity is characterised by a mix of residential properties, retail units and restaurants.
Location Pin (What3Words): brief.feast.piper
https://w3w.co/brief.feast.piper
Accommodation
Ground Floor Retail - 40.78 sq.m.
Ground Floor Office - 8.89 sq.m.
First Floor Retail - 36.4 sq.m.
Basement Storage - 12.75 sq.m.
Basement Kitchen - 6.4 sq.m.
Total Floor Area - 105.2 sq.m.
Tenure
Freehold
Tenancy
Let on a 10 year lease from 20th November 2018, with a rent review on the 20th August 2023, at a rent of £22,000 pa. August 2023 rent review has not been implemented. Full repairing and insuring terms.
Rateable Value
£13,250
EPC Rating
D