31 Ship Street, Brighton, BN1 1AD
332 Sq Ft / Other / Investment
For Sale
- £380,000.00
Available - Last updated: 26 May 2025
Summary
A mid terrace property comprising a retail unit over ground floor and basement with a 1-bedroom maisonette above. The property is fully tenanted with the commercial element having a new lease completed in March 2025. The ground floor retail unit is let by way of an internal & shop front repairing lease of 10 years ending 18th March 2035 to Brighton Creamer LLP at a rent of £24,000 per annum exclusive, subject to a tenant only break option on 17th March 2030 and a rent review on 18th March 2030. The landlord holds a rent deposit of £5,500. The residential element is subject to a regulated tenancy at a rent of £650 per calendar month. The combined annual rental income is £31,800 per annum.
Key Points
AUCTION GUIDE PRICE £380,000+DESIRABLE CITY CENTRE LOCATIONRETAIL & RESIDENTIAL INVESTMENTRECENTLY COMPLETED NEW LEASE ON THE COMMERCIAL ELEMENTGUIDE PRICE NET YIELD 8.04%
AML
The normal ID & proof of address will be required from all parties in the transaction.
Location
Situated on the western side of Ship Street on the edge of Brighton's famous Lanes, close to Duke Street, North Street & Union Street. Nearby occupiers include The Ivy & Ivy Asia, Pizza Pilgrims, Honest Burger & Fred Perry in addition to an array of other local and national eateries, retailers and pubs & bars.Terms
The freehold interest is available to purchase in the Allsop Auction on the 11th June 2025 with a guide of £380,000+ which shows a net yield of 8.04% based on the income of £31,800 per annum. please see following link to auction brochure https://www.allsop.co.uk/lot-overview/city-centre-freehold-shop-and-residential-investment-in-brighton/c250611-066?searchid=TmoAc6fa2xsYURIgBecJPEg4VIj%2FaV7VyHbV8g1vHqo%3D&idx=0
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£380,000.00
| NA |
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