Situated in the heart of the popular Kemp Town area of Brighton & Hove, which lies east of the city and comprising a busy commercial centre surrounded by a quality residential area.
St George’s Road forms the main commercial route made up of various bespoke retail outlets, bars, restaurants and offices. The Royal Sussex County Hospital is close by, as is Brighton Marina and the main A259 Coast Road and seafront.
KEY FEATURES
- On the instructions of LPA Receivers
- Office and self-contained two bedroom flat
- NOW ENTERED AT AUCTION 28th February 2012
- (if not sold previously)
Unit 2 comprises of a duplex ground and lower ground floor, self-contained office suite as well as a self-contained two bedroom apartment with front facing balcony on the first floor. St George's Road runs through the heart of the popular Kemp Town village with its mix of retail and catering establishments.
PROPERTY DETAILS
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Office and Self Contained First Floor Two Bedroom Flat
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ACCOMMODATION
Office Suite (known as 72B) 376 sq ft
With open galleria affording natural light to lower ground floor. Well-presented with boarded floor and wall-mounted electric heaters and spotlighting.
Stairs down to lower-ground floor 404 sq ft, incorporating kitchenette area and separate WC plus under stairs storage.
First Floor Two Bedroom Flat (known as Flat 2)
Living room/kitchen – 20’ 8” x 9’ 3” with boarded flooring, gas fired central heating, fully fitted and integrated kitchen area. Full width north-facing balcony.
Bedroom 1 - 9’ 1” x 13’ 8” plus ensuite bathroom with low level WC, wash hand basin, bath plus shower attachment, fully tiled throughout.
Bedroom 2 (currently being used as dining area) – 6’ 10” x 9’
Shower room fitted with shower, separate WC and wash hand basin.
TENURE
Long leasehold interest for sale:
Held for a term of 99 years from 25th December 2004 with a ground rent payable to the freeholder of £400 per annum and an insurance contribution of £435 per annum. Current service charge payable of £2,347 per annum.
Tenancies And Income
Office 72b
Leased to Nick Pooley trading as ‘Selective Asia’ (www.selectiveasia.com) under a three year lease from June 2010 paying £10,200 per annum exclusive. The sub tenant pays 50% of the annual service charge capped to £500 per annum.
Flat 2
Leased on a shorthold tenancy at £750 per calendar month
Total income: £1,600 per calendar month - £19,200 per annum.
PRICE
Offers invited in the region of £210,000 (two-hundred and ten thousand pounds) subject to the existing sub-tenancies and income for the long interest.
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Office and Self Contained First Floor Two Bedroom Flat
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For Sale: £180,000
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Business Rates
- Billing Authority: Brighton & Hove
- Description: Office and Premises
- Rateable Value: £9,100 (72b)
- Rates Payable: £3,767 (72b)
- Valid From: April 2010 (current)
VAT
VAT will not be payable on this property.
Legal Fees
Each party to be responsible for their own legal fees.
Viewing Arrangements
Strictly via prior appointment through Agents Graves Jenkins