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89-90 Lewes Road, Brighton, BN2 3HZ

not specified / Other / Investment

Sold - Last updated: 17 January 2023

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 £XXXpa ground rent (rising).

The commercial unit is let to Ladbrokes Betting & Gaming Limited on a 5 year FRI lease expiring 24.12.2016 at a passing rent of £XXXpa. 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 £XXXpa

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

Location

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 including Sainsburys Supermarket, Machine Mart, M&S Food and Pizza Hut.

Accommodation

Ground Floor

Retail area: 784sq.ft (72.83m2)

Separate male and female w.c.'s; Staff WC; Staff Kitchen and Store; Door to rear yard


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