A well presented mid terrace property comprising ground floor office/retail unit with self contained two bedroom apartment above.
The ground floor shop is currently vacant however, it is estimated that a rent of £12,000 per annum exclusive can be achieved. There is also planning to convert the ground floor to a studio apartment Planning Ref: BH2018/01405. The first and second floor maisonette is currently let to professionals as from the 30/11/20 on an AST, the current rental is £1,150 pcm however, has been previously let at a rate of £1,350 pcm. We estimate that once fully let an estimated rental could be achieved in region of £28,200 per annum.
Location
Situated on the western side of Surrey Street in a prominent location opposite Brighton Station and benefitting from being on a busy thoroughfare with good footfall. The local area has established popular individual retailers and amenities. Nearby occupiers include Pret A Manger, WHSmith, Marks & Spencer Food, Tescos Express, Sainsbury's Local, Hotel Ibis and Fitness First.
Accommodation
Ground Floor Retail Area with kitchen, shower, WC, tiled floor and electric heating 403 sq ft
Outside – small courtyard First & Second Floors Self contained maisonette comprising two double bedrooms, first floor living, bedroom, kitchen, shower room/wc, second floor bedroom with en suite WC and wash hand basin.
Terms
Rates Rateable Value Shop £5900
Council Tax Band A EPC Commercial - D82 Residential - E42
Price Guide Price £425,000 Freehold
Legal Fees Each party to pay their own legal costs unless otherwise agreed.
Tenancy/Planning The ground floor shop is currently vacant however, it is estimated that a rent of £12,000 per annum exclusive can be achieved. There is also planning to convert the ground floor to a studio apartment Planning Ref: BH2018/01405. The first and second floor maisonette is currently let to professionals as from the 30/11/20 on an AST, the current rental is £1,150 pcm however, has been previously let at a rate of £1,350 pcm. We estimate that once fully let an estimated rental could be achieved in region of £28,200 per annum.