116-117 St James's Street, Brighton, BN2 1TH
- PROPERTY TYPE
Mixed Use
- BEDROOMS
5
- SIZE
Ask agent
Description
*Guide Price £650,000
Freehold Mixed Investment Producing £51,680 Per Annum
Description
An end terrace building in this busy thoroughfare on the south side of St James Street. This four storey building comprises a commercial unit over the ground floor and basement, with a first floor 3-bedroom flat and a second floor 2-bedroom flat.
Situation
Situated on St James Street, within the East Cliff Conservation Area of Kemp Town. The area is populated by many well established independent coffee shops and restaurants, along with a number of larger commercial traders such as Starbucks, Superdrug and Sainsburys. Brighton Seafront and Promenade is just minutes away. Central Brighton is just half a mile away, along with Brighton Station (London Victoria 72 minutes)
Location Pin (What3Words): cheese.danger.hints
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY
EPC Rating
26a - E
26b - E
Commercial - D
Accommodation
Ground Floor Commercial Unit And Basement - 120 sqm
3 Bedroom First Floor Flat - 72 sqm
2 Bedroom Second Floor Flat - 62 sqm
Tenancies
24a - Assured Shorthold Tenancy Agreement for 6 months from 28th June 2024, expires 27th December 2024, at a rent of £1200 pcm.
24b - Assured Shorthold Tenancy Agreement for 6 months from 18th September 2023, expires 17th March 2024, at a rent of £900 pcm.
Retail unit 116 St James Street - Let on a 16 year lease from 22nd December 2010. Rent £12,480 pa. Rent review on the fourth, eighth and twelfth anniversary of the lease.
Retail unit 117 St James Street - Let on a 16 year lease from 6th August 2020. Rent £14,000 pa. Rent review every fourth anniversary of the lease.
FRI terms subject to schedule of condition.
Please be aware both commercial units were previously separate.
Brochures
Legal Documents116-117 St James's Street, Brighton, BN2 1TH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.6 miles
- London Road (Brighton) Station1.1 miles
- Hove Station1.9 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Auction House Sussex & Hampshire is one of the largest property auctioneers in the South of England. Operated by Estate Agency Austin Gray, we have more than 40 years' experience selling properties at auction.
Through our extensive market knowledge and proactive marketing, we are highly regarded for selling residential investment properties locally.
Each year we hold in excess of seven live stream and multiple online auctions. Our team sell a significant number of lots in the Brighton & Hove area where our offices are located. These include residential & commercial property, development sites, land & garages.
In 2023 we have expanded our South East coverage to include Hampshire. Our auction services are now available across the whole of Sussex and Hampshire. These areas include Chichester, Rye, Horsham, Crawley, Basingstoke & Dean, Petersfield, Gosport and The New Forest.
If you need any advice or assistance, please call our team who would be delighted to help you.
Notes
Disclaimer - Property reference 257474. 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, Auction House Sussex. 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.
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 Austin Gray, Auction House Sussex on 01273 109784.
*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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