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
- Shop/Office Rear Studio Flat & One Bedroom Flat
- NOW ENTERED AT AUCTION 28th February 2012
- (if not sold previously)
Ground floor shop/office, with street entrance door and window. Self-contained studio accommodation to the rear, plus self-contained spacious one-bedroom flat 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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Shop/Office, Studio Flat and First Floor One Bedroom Flat
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ACCOMMODATION
Office suite (known as 72a) 404 sq ft
Incorporating rear kitchenette and separate WC, all at ground floor level. Well-presented office with hardboard shop front, boarded floors and spot lighting.
Rear Studio Flat (known as Flat C)
Self-contained front main communal entrance or door from commercial unit 72a.
Living room/bedroom – 16’ x 13’10” with fitted cupboards
Separate kitchen – 6’ x 6’ 8”- fully integrated unit with electric hob and gas cooker.
Separate bathroom with low level WC, wash hand basin and shower are.
First Floor One Bedroom Flat (known as Flat 1)
Living room/kitchen/diner – 15’11” x 27’11”
Warehouse style apartment with part open faced brickworks, boarded floors, gas fired central heating, fully integrated kitchen units incorporating “island” gas cooker.
Double bedroom – 17’ x 13’ 10” with Juliette balcony overlooking enclosed yard and fitted wardrobes.
Separate bathroom – 6’ 10” x 10’ 2” with pedestal bath with shower attachment. Low level 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 £392 per annum. Current service charge payable of £2,111.40 per annum.
Tenancies And Income
Office 72a
Currently available on a new lease with terms to be agreed. Rent £7,500 per annum exclusive.
Flat C
Leased on a shorthold tenancy at £550 per calendar month.
Flat 1
Leased on a shorthold tenancy at £950 per calendar month.
Total Projected Income £2,125 per calendar month - £25,500 per annum.
PRICE
Offers invited in the region of £280,000 (two-hundred and eighty thousand pounds), subject to the existing sub-tenancies and income for the long leasehold interest.
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Shop/Office, Studio Flat and First Floor One Bedroom Flat
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For Sale: £240,000
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Lease
Long Leasehold
Business Rates
- Billing Authority: Brighton & Hove
- Description: Office and Premises
- Rateable Value: £7,800 (72a)
- Rates Payable: £3,229.2 (72a)
- 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