Freehold Investment Including 2 x Commercial Units - Producing £20,750 pa

Arundel Court is a large detached Art Deco building on the east side of Kemp Town. The property comprises of 2 x self contained retail units to the ground floor, currently being run as a barber shop and laundrette. The remaining 10 x residential flats have all been sold off on long leases. To the rear of the property is a communal garden. Situation The property is situated in the popular Kemp Town area of Brighton, the immediate vicinity is characterised by a mix of residential and retail. The Royal Sussex County Hospital close by to the east. Nearby occupiers include Lidl supermarket and Dominos Pizza, along with numerous independent retailers. Location Pin (What3Words): whips.foam.credit https://w3w.co/whips.foam.credit NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Rents 55b Arundel Court is let on a 7 year lease, beginning 1st December 2018, expiring 31st November 2025. Current rent £10,000 pa. 55c Arundel Court is let from and including 22nd March 2023 to and including 21st March 2033. Current rent £10,000 pa Ground Rents FLAT 1 - Current rent - Peppercorn FLAT 2 - Current rent - £100.00 pa doubling every 33 years FLAT 3 - Current rent - £100.00 pa doubling every 25 years FLAT 4 - Current rent - £50.00 pa doubling every 33 years FLAT 5 - Current rent - £100.00 pa doubling every 33 years FLAT 6 - Current rent - £100.00 pa doubling every 33 years FLAT 7 - Current rent - £100.00 pa doubling every 33 years FLAT 8 - Current rent - £100.00 pa doubling every 25 years FLAT 9 - Current rent - Peppercorn FLAT 10 - Current rent - £100.00 pa doubling every 33 years

Lot Type

Commercial Investment

Accommodation

55b - 41 sq m 55c - 43 sq m Rateable Values 55b - £7,200 55c - £7,800 Lease Term FLAT 1 - 189 years from 25.12.1986 FLATS 2 - 99 years from 25.12.1986 FLAT 3 - 189 years from 25.03.1988 FLAT 4 - From 17.4.2012 to 16.04.2137 FLAT 5 - From 25.12.1986 to 24.12.2175 FLAT 6 - From 25.3.1986 to 24.3.2175 FLAT 7 - 99 years from 25.12.1986 FLAT 8 - 99 years from 16.07.2015 FLAT 9 - 189 years from 25.12.1986 FLAT 10 - 99 years from 25.12.1986 Tenure Freehold EPC Rating 55b - D 55c - C

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)

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