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Office Investments, Development - Residential for Sale
Foredown Drive, Brighton, BN41
Office Investments, Development - Residential for Sale
Foredown Drive, Brighton, BN41
6-8 - Let to Brighton Fire Alarms Ltd at £28,000 pa
Both tenants in occupation since at least 2008 and both new leases effected for a term of 15 years from 1 August 2022.
Review dates in both leases are 1 August 2024 and then 5 yearly thereafter
Both leases have break clauses at 31 July 2027 and 31 July 2032 - both by either Landlord or Tenant.
A rectangular site which lends itself to future demolition and erection of say 6 semi-detached houses or blocks of flats.
The site has a 35m frontage to Foredown Drive and a site depth of 30m approximately.
Location
Situated at the south end of Foredown Drive, a pleasant residential area close to the junction with the Old Shoreham Road (A27) and being within 50 m of Victoria Park. Portslade Railway mainline station is within a few minutesese walk, as is the comprehensive shopping thoroughfare of Boundary /Station Road.Amenities
2 light industrial unitsparking to front forecourt
Both let 15yrs from 2022
First review in August 2024
Break clauses 2027 & 2032
Rental Income £63,000 pa
Potential for redevelopment
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Development Property for SaleDevelopment Property for Sale in BrightonInvestment property for SaleInvestment property for Sale in BrightonAustin Gray
01273 20 19 80