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Get brand editions for Austin Gray, Investment and Development Department
COMMERCIALUNDER OFFER

Lewes Road, Brighton

£235,000
Austin Gray, Investment and Development Department
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Freehold Commercial Investment
  • Freehold property originally built as 2 houses
  • Two flats over with separate entrances
  • Total income from property £15,200
  • Situated on the Western side of Lewes Road

Description

Freehold commercial investment let to Ladbrokes at £15,000 pa. Future potential for conversion into 2 flats

Freehold commercial investment let to Ladbrokes at £15,000 pa.
Future potential for conversion into 2 flats

Situation - The property is situated on the western side of Lewes Road close to the Lewes Road Gyratory.
The area has a wide range of local and national occupiers include Sainsbury’s Supermarket, Machine Mart, M&S Food and Pizza Hut.

Description - Freehold property originally built as 2 houses. There are two flats over with separate entrances sold off on long leases 198 years from 1986 both flats paying £100 pa ground rent (rising )

The commercial unit is let to Ladbrokes Betting & Gaming Ltd on a 5 year FRI lease expiring 24.12.2016 at a passing rent of £15,000 pa. Ladbrokes are now holding over.

There is currently a Head Lease over the shop (also owned by the Vendors ) but the sale includes that Head Lease.

Total income from whole property currently £15,200 per annum

Accommodation - Ground floor

Retail area: 784sqft (72.83m2)
Separate male and female wc’s
Staff wc
Staff kitchen and store
Door to rear yard

Development Potential - It may be possible subject to the usual consents to convert the ground floor commercial into 2 flats in the future.

Brochures

Lewes Road, BrightonBrochure

Lewes Road, Brighton

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • London Road (Brighton) Station0.5 miles
  • Moulsecoomb Station0.7 miles
  • Brighton Station0.9 miles
Get brand editions for Austin Gray, Investment and Development Department

About Austin Gray, Investment and Development Department

37 Vernon Terrace, Brighton, BN1 3JH

The department handles the private treaty sale of residential and commercial investment property, development sites, and land throughout Sussex and adjoining counties. This runs in conjunction with the firms' highly successful auction department which operates under the banner of Auction House Sussex.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 31694911. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Austin Gray, Investment and Development Department. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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