The property comprises an attractive 5 Storey building arranged over ground floor, basement, 1st, 2nd & 3rd floors. The ground floor & basement trade as Laundrette whilst there is a 1- bedroom Flat on the 1st floor & the 2nd & 3rd floors comprise a 4- bedroom maisonette let out as an HMO
Location
The subject property is situated in a delightful spot within the Montpelier & Clifton Conservation Area located to the North of Brighton City Centre. Whilst several shops & The Crescent Pub are immediate to the property, The 7 Dials is only a short walk away where a host of shops, coffee shops & other eateries are located which include The Hellenic Bakery, Small Batch Coffee, the Co-op & The Cow.
Accommodation
Ground Floor Launderette 444 sq ft (41.25 sq m )
Basement 402 sq ft (37.35 sq m)
Terms
TENANCIES: The Ground Floor is let by way of an effective full repairing & insuring lease expiring June 2029 with a rent review June 2026 at a rent of £9,120 per annum exclusive, payable monthly in advance & trades as Launderette with the lease in the tenants name. The First Floor Flat is let by way of an AST on a periodic basis at an annual rent of £10,200 whilst a 4 bedroom HMO is arranged over 2nd & 3rd Floors is let by way of a 12-month AST until 23 rd August 2021 for £26,250 per annum. Total income £45,570 per annum.
RATES: Rateable Value: Ground floor Shop £6,900 UBR XXX
EPC: Shop- CERTIFICATE NUMBER -0020-3263-0330-7730-1090 (77D). Flat 1 - CERTIFICATE NUMBER- 8209-7385-6229-0907-8633 (47E). Flat 2- CERTIFICATE NUMBER- 0548-0045-7252-6480-9234 (48 E) Full certificates can be viewed at www.ndepcregister.com & www.epcregister.com
LEGAL COSTS: Each Party to be responsible for their own legal costs in connection with the transaction.