For Sale By Auction | 14:30, 13 November 2019 | Lot 17

1 Surrey Street &, 76 Upper Gloucester Road, Brighton, BN1 3PA

Sold After

  • Mixed Use
  • 3 Bedrooms

Call the team on 01273 201989 for more information

Auction Date

Wed 13/11/2019

Auction Time

14:30

Auction Venue

The Hove Club, 28 Fourth Avenue

Freehold mixed use investment producing approximately £29,000pa when fully let.

The property comprises a ground floor retail unit with 3 bedroom flat above. The flat has its own private street entrance from Upper Gloucester Road. It has just been re-decorated and carpeted and will be sold with vacant possession.

situation

The property comprises a ground floor retail unit with 3 bedroom flat above. The flat has its own private street entrance from Upper Gloucester Road. It has just been re-decorated and carpeted and will be sold with vacant possession.

planning

A planning application under BH2018/00349 for adding an additional storey on top of the existing structure to create 2 x 1 bedroom flats was won on appeal on 5.10 2018.

accommodation

1 Surrey Street Shop Ground floor sales area Store WC External store and yard The area in front of the shop is also demised and measures 18'0 x 6'11 (5.5m x 2.1m). This can be used for seating or display subject to the necessary licences. Total area 63sqm (678sqft) The shop is currently let on a 10 year lease from 27th May 2010 at a current rent of £13,000pa. 76 Upper Gloucester Road Flat Living room: 14'3 x 11'3 (4.35m x 3.43m) Kitchen: 8'11 x 6'8 (2.73m x 2.04m) Bedroom 1: 11'1 x 10'0 (3.39m x 3.06m) Bedroom 2: 9'6 x 9'5 (2.90m x 2.89m) Bedroom 3: 9'2 x 7'3 (2.79m x 2.21m) Bathroom Separate WC The flat is vacant but it was previously let at £16,200pa

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £660 (£550 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.