Brighton Office:
01273 70 10 70
Crawley Office:
01293 40 10 40
Brighton Residential:
01273 60 10 60
Haywards Heath:
01444 45 84 44
Investment For Sale: Prominent Corner Retail and Residential Investment

75 Lewes Road, Brighton, BN2 3HZ

Interested in this property? Call our Brighton Office : 01273 70 10 70

Situated on the west side of Lewes Road on a mid point to the corner of Inverness Road and directly opposite Hartington Road and Melbourne Street.

Lewes Road is an established and busy commercial thoroughfare made up of local and national concerns including Machine Mart, Pizza Hut, Subway, BetFred and various other retailers, restaurants and takeaways. The area is surrounded by a densely populated residential area and a high volume of student accommodation.

KEY FEATURES

  • Corner Freehold Property
  • Retail/Cafe with Maisonette Over
  • Fully Let Investment For sale
  • Busy Retail Thoroughfare

A prominent corner freehold comprising a cafe at ground floor with a self contained maisonette over both let and income producing.

PROPERTY DETAILS

Ground Floor Retail / Restaurant 580 sq ft (53.88 m2)

ACCOMMODATION

Cafe - 75

Gross Frontage 16' 3"

Cafe Internal Width 16' 1"

Total Built Depth 39' 3"

Sales Area 580 sq ft (approx)

Rear Lean to Extension 160 sq ft - further seating for 12/14 covers.

Cafe made up of front trading area for upto 20 covers, servery/preparation area with rear kitchen fully fitted with extraction. Well presented with suspended ceiling, recessed lighting and free standing tables and chairs.

Front pavement area for outside seating for about 8 covers.

Separate wc accommodation.

Maisonette - 75a

Side Access from Inverness Road leading to ground floor entrance and staircase to;

First Floor - front reception room 16' 8" x 13' 11" into bay window, single bedroom, fully fitted kitchen with gas hob and electric over with a range of kitchen units and separate bathroom with bath/shower unit, wc and wash hand basin.

Second Floor - main bedroom 11 x 15' 9"

Residential accommodation with double glazed plastic windows and gas fired central heating system.

LEASE TERMS AND TENANCY

Lease - cafe leased to Mr Cuma Er trading as 'Luna Deli' on a 15 year lease from 17th June 2011 and inside the Landlord & Tenant Act 1954 (as amended).

Rent - £10,500 per annum, exclusive.

Rent Reviews - every 5 years.

Repairs - Effective Full Repairing & Insuring with the ground floor tenant responsible for a fair proportion of the maintenance of the upper parts and general building.

Rent Deposit - the landlord holds a £5,250 (five thousand two hundred and fifty) rent deposit for the term of the lease.

Maisonette - leased to Ms Katherine DuHova at £770 pcm (£9,240 pa) on a Shorthold Tenancy which expired 2016 and is now holding over.

Total Current Income £19,740 per annum, exclusive.

N.B - we believe both tenancies are reversionary and are below current market rent.

SALE PRICE

Guide Price £330,000 (three hundred and thirty thousand pounds) for the freehold interest and subject to both tenancies and income.

Ground Floor Retail / Restaurant For Sale: £330,000

Business Rates

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VAT

We understand the property is not elected for vat and therefore vat will not be charged on the sale price.

Legal Fees

Each party to pay their own legal costs on the transaction.

Viewing Arrangements

Strictly via prior appointment through sole agents Graves Jenkins

CONTACT

Oliver Graves MBA
oli@gravesjenkins.com


These particulars are believed to be correct but their accuracy is not guaranteed. They do not form any part of any contract. You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement.