Freehold property comprising a shop, 3-bed maisonette and 3 parking spaces. The property may be sold prior to auction. Please contact the office with pre-auction offers.

A 4-storey terraced mixed use building arranged as a shop on the entire ground floor, unused basement rooms and 3 bedroom maisonette. In addition there is allocated parking for 3 cars.

Lot Type

Residential Investments

situation

The building is in a busy location on the west side of the road close to Portslade railway station and occupiers such as Tesco, Iceland, and Boots.

accommodation

Ground Floor Shop let on a new 10 year lease at £14,400 to Elegant Nails Shop area used as a nail bar Room 1: 7'10 x 5'9 (2.39m x 1.76m) Room 2: 13'8 x 7'3 (4.16m x 2.21m) Room 3: 10'4 x 7'7 (3.14m x 2.31m) Kitchen: 4'4 x 7'8 (1.32m x 2.34m) Store room: 7'0 x 4'6 (2.13m x 1.36m) Shower room: 6'4 x 3'4 (1.94m x 1.01m) WC 3 parking spaces at rear and large forecourt EPC Rating C Basement (not let) South side: 21'7 x 10'10 (6.57m x 3.3m) North side: 20'9 x 7'4 (6.31m x 2.25m) Maisonette let on a 12 month AST for £1100pcm First floor Living room: 19'1 x 16'2 max (5.83m x 4.92 max) Kitchen: 14'5 x 10'11 max into bay (4.39m x 3.34m max into bay) Bedroom 1: 13'3 x 12'11 (4.04m x 3.93m) Bathroom and seperate WC Second floor Bedroom 2: 13'3 x 10'2 (4.04m x 3.1m) Bedroom 3: 19'1 x 13'1 max (5.81m x 3.98m max) EPC Rating E

development potential

There is the potential to convert the maisonette into a 4 bedroom flat and also convert the back of the shop into a one bedroom flat which would be accessed from the rear (STNC).

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

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