For Sale
141 Edward Street,
Brighton,
East Sussex,
BN2 0JL
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Retail, Food and Beverage, Investment
601 Sq Ft (55.83 Sq M)
- Prominent position on Edward Street, a well-established mixed commercial and residential location within central Brighton
- Brighton seafront and Brighton Palace Pier are within walking distance
- Central position with excellent public transport access
- Desirable ground floor retail unit
- Self-contained 3 Bedroom maisonette above
- Freehold interest with vacant position
- Suit owner occupier or investor
- Offers in the region of £450,000 stc
- No VAT
Location
The property is located southern side Edward Street which forms part of Brighton's well known Kemptown area of central Brighton and is located near to the new Edward Street Quarter Development. Edward Street is a busy vehicle throughfare within central Brighton which has good public transport and high footfall.
Brighton train station is a short walking distance away.
Description
The property comprises an end-of-terrace building arranged over three floors.
Internally, the ground floor is configured as a self-contained retail unit. The upper parts comprise a self-contained three-bedroom maisonette, which is accessed separately from the rear of the property.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor | 601 | 55.83 |
| Total | 601 | 55.83 |
Energy Performance Rating
To be confirmed.
Planning
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
Taxation
Ground Floor - Rateable Value (2026): £10,000
Maisonette - Council Tax Band B
Terms
We have been instructed to market the freehold interest, subject to vacant possession, with offers in the region of £450,000.
VAT
We understand that the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Anti-Money Laundering Regulations 2017
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.