For Sale
110 St. James's Street,
Brighton,
East Sussex,
BN2
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Investment
316.25 - 716.25 Sq Ft (29.38 - 66.54 Sq M)
Location
The property is situated on the southern side of St James Street between Broad Street and Madeira Place.
St James Street is a popular retail thoroughfare and lies within easy walking distance of the city's main commercial district, with the seafront and Royal Pavilion in close proximity.
Surrounding occupiers include a number of established retailers including Morrisons, Starbucks, Superdrug and Purezza Pizza as well as a variety of independent traders.
Description
Investment for sale with benefit of planning permission for 680 sq ft flat
Accommodation
The property forms part of a terrace and comprises a self-contained commercial unit, lower ground floor store rooms and three flats located on the upper floors.
The floor area of the commercial unit is:
316.25 Sq Ft / 29.38 Sq M
Planning
The property benefits from the planning permission (BH2022/01531) to convert the lower ground floor store rooms into a 680 sq ft flat (C3).
VAT
Rents and prices are quoted exclusive may be subject to VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
Freehold subject to the leases detailed below.
Tenancy Schedule: Tenure / Rent per annum
Lower ground floor (Store Room) / Vacant / N/a
Commercial Unit: 10 years from 23/07/2019. Inside the L&T Act. Rent reviews July 2025 and 2028. £10,000 rent deposit held. £19,000 pa
Flat 2: 125 year lease dated 01/08/2012 / £250 doubling every 25 years
Flat 3: 125 year lease dated 01/08/2012 / £250 doubling every 25 years
Flat 4: 125 year lease dated 01/08/2012 / £250 doubling every 25 years
Total rent per annum: £19,750
Guide price OIEO £400,000
Energy Performance Rating
TBC