Close Fiveways Brighton
- PROPERTY TYPE
Commercial Property
- SIZE
636 sq ft
59 sq m
Key features
- For Sale by Auction on 25th September 2024
- Mixed Freehold Investment
- Extremely Busy Trading Location Within The Fiveways Area
- Fully Let and Income Producing 19,800 pa rising to 21,800pa in 2026
- Prominent Corner Building
- Arranged as Ground Floor Commercial and First Floor 1 Bedroom Flat
- Currently Yielding 6.94 percent rising to 7.6 in 2026
Description
Auction Guide £285,000
An exceptional mixed freehold residential and commercial two-storey corner freehold property forming part of a parade of shops within this highly sought after location adjacent to Fiveways, fully let and producing £19,800 per annum rising to £21,800 during 2026.
Currently Yielding 6.94% rising to 7.6% in 2026
Commercial - The Ground Floor is let to Brighton Funeral Directors Ltd trading as Brighton Family
Funeral Services on a lease for a term of 12 years from October 2023 at a rent of £9,000 per
annum, exclusive, rising to £11,000 per annum, exclusive in 2026. Total Commercial Accommodation is approximately 340 sq ft (31.6 m2). The is a forecourt and rear yard area.
Residential - The 1 bedroom first floor flat is let on an AST at a passing rent of £10,800 per annum whilst the size is approximately 406 st ft (37.71 m2).
This property is located on a prominent corner of Hollingbury Place and Hollingdean Terrace,
within a bustling local parade of shops adjacent to the highly popular Fiveways.
Brochures
Close Fiveways BrightonClose Fiveways Brighton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Moulsecoomb Station0.6 miles
- London Road (Brighton) Station0.5 miles
- Preston Park Station1.0 miles
About the agent
Parsons Son & Basley, Brighton
32 Queens Road, Brighton, BN1 3YE
PS&B have been providing professional property services since 1825 and is one of the oldest independent firms of Chartered Surveyors, Valuers and Estate Agents in the UK. We are responsible for the letting and management of thousands of properties throughout the UK and are well established in Brighton & Hove, Bognor Regis and Portsmouth.
With nearly 200 years of experience in selling and letting property, PS&B is steeped in a wealth of history and offers an unrivalled experience. Our de
Industry affiliations
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Parsons Son & Basley, Brighton on 01273 109882.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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