TypeRetail Investments · Assured Shorthold Tenancies
TenureFor sale
Brighton - Mixed Use Investment Opportunity.
The property is arranged as four storey mid terrace building. There is a self-contained restaurant on the ground and lower ground floor, and a two bedroom flat on the first and second floors.
The ground and lower ground floor is let and trades as a restaurant. There was a 10 year term commencing 30/8/2010 which has since expired with the tenant currently holding over. The lease is inside the 1954 Landlord & Tenant Act and the tenant has indicated they wish to stay. They are currently paying £12,300 per annum.
The two bedroom flat is let by way of an AST agreement at a current rent of £1,000 per month.
The property is situated in the popular and highly sought after North Laine area of Brighton and occupies a position near to Sydney Street which is one of the primary retailing thoroughfares.
The North Laine comprises a variety of independent and specialist retailers.
Rents and prices are quoted exclusive but may be subject to VAT.