Brighton Office:
01273 70 10 70
Crawley Office:
01293 40 10 40
Brighton Residential:
01273 60 10 60
Haywards Heath:
01444 45 84 44
Under Offer: City Centre Mixed Use Fully Let Investment

10 Queens Road, Brighton, BN1 3WA

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

Situated at the southern end of this busy and long established commercial thoroughfare, close to the junction with the Clock Tower and within walking distance of the major trading location of Churchill Square Shopping Centre.

Many multiples are close by including Mountain Warehouse directly opposite, Boots, White Stuff, Trespass, Millets, Waterstones and many more. Queens Road is the main route between the main shopping centre and Brighton mainline station and experiences a heavy pedestrian and traffic flow at all times of the day.

KEY FEATURES

  • Fully Let and Income Producing Investment
  • Retail with Two Self Contained Flats Over
  • Busy City Centre Thoroughfare
  • Freehold Investment For Sale

Fully let and income producing mixed use investment with a ground and basement commercial retail tenant with two self contained flats over with access from Zion Gardens.

PROPERTY DETAILS

Ground & Basement Floor Commercial 818 sq ft (75.99 m2)

ACCOMMODATION

Ground and Basement Retail Unit.

Shop Frontage 15 ft

Ground Floor Trading Area 288 sq ft.

Basement Area (storage and offices) 412 sq ft.

Small yard area and separate wc.

Fully fitted with suspended ceiling, recessed strip lighting and aluminium frame glazed shopfront.

Two Residential Units over approached from Zion Gardens.

Flat 2 - ground floor flat comprising *one double bedroom *with fitted cupboards, lounge/open plan kitchen with fitted units and appliances, feature bay window and laminate flooring. Separate bathroom with shower, wc and basin.

Flat 1 - first floor flat comprising* two bedrooms (double and single)*, lounge/open plan kitchen with fitted units and appliances, feature bay window and laminate flooring. Separate bathroom with shower, wc and basin.

The residential upper parts have recently been updated and are fitted with a Gas Fired Central Heating system.

Rear bike and bin store accessed from Zion Gardens.

INCOME & TENANCIES

Commercial Retail Tenant.

Ground floor shop and basement leased to Mr Said El Faghlourni trading as 'Smokers Heaven' www.smokersheavenshop.com for a term of 18 years from 24th March 2007 at an existing rent of £22,000 per annum, exclusive. Next rent review due March 2021 with notice served at the moment.

Residential Lettings.

Flat 1 - let at a rent of £1,150 pcm for 12 months which expired 2nd November 2021.

Flat 2 - let at a rent of £1,000 pcm for 12 months which expired 25th September 2020.

Total Income £47,800 (forty seven thousand, eight hundred pounds) per annum, exclusive.

TERMS

Offers are invited on our guide price of £750,000 (seven hundred and fifty thousand pounds) - a purchase at this level would provide a gross initial yield of 6.37%

Ground & Basement Floor Commercial For Sale: £750,000

Business Rates

.

VAT

The building is elected for vat and therefore vat will be applicable on the terms quoted.

Legal Fees

Each party to be responsible for their own legal costs.

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.