An End of Terrace Double Fronted Mixed Use Investment Comprising a Large Double Width Ground Floor Lock-Up Shop with a Three Bedroom First Floor Flat Above. Fully Let Producing £26,000 per annum (Rising to £27,000 per annum from 25th March 2020) with Redevelopment Potential to Extend the Upper Parts
The property comprises a large two storey double fronted end of terrace building arranged as a ground floor shop and a pizza takeaway with a first floor three bedroom self-contained flat which is accessed from a shared stairway to the side. There is scope to extend the flat into the loft as others on the parade have done (subject to planning).
The property occupies a prominent position on an established local parade servicing the surrounding residential area of Hangleton approximately 2 miles north-west of Brighton town centre. Transport links are provided by Portslade rail station and the nearby A27.
Ground Floor Double Width Shop Area 10.5m Gross Frontage 10.0m Net Frontage Widening to 15.0m after 12.5m. Built Depth Approx. 26.0m. GIA Approx. 295 sq m (3,200 sq ft) First Floor Reception Room Three Bedrooms Kitchen Bathroom with WC & wash basin
The property benefits from a service yard and car park to the rear and off street parking to the front.
The entire building is let on an FRI Lease for a term of 20 years commencing 25th March 2017 at a rent of £26,000 per annum. Upward only reviews every 5 years. Rising to £27,000 per annum from 25th March 2020.
In accordance with the EA Act 1979 a connected person to AHL has an interest in this property.
VAT is not applicable
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.