The property comprises ground floor cafe premises with open plan customer seating leading to kitchen and rear store & W.C.
The self contained first and second floor comprises a maisonette sold off on long lease
Location
The property is situated close to the junction of North Street and Boundary Road in an established commercial location to the west of Brighton & Hove just north of the A259 Coast Road. Boundary Road is the main nearby retail area (9 mins, 0.4 miles)with occupiers including Tesco, Specsavers, Londis and Superdrug. Portslade railway station is 12 mins (0.5 miles) and the A270 (Old Shoreham Road) is to the north (0.7 miles)
Accommodation
Ground Floor 665 sqft
Terms
TENURE Freehold subject to tenancies.
PRICE Offers in the region of £200,000.
VAT We are advised that the property is not elected for VAT.
TENANCIES nd Ground Floor 3 & 5 North Street: A lease for a term of ten years dated 2 April 2020. Passing rent (from April 2025 rent review) £13,000 per annum exclusive, lease expiry 1 April 2030. st th th First Floor, 5 North Street: Sold off on long lease dated 24 July 1989 for a term of 125 years from 29 September 1989. Current ground rent £100 per annum.
BUSINESS RATES Rateable Value £9,300 UBR 49.9 p (Apr 2025/26).
ENERGY PERFORMANCE CERTIFICATE th Certificate No: 0270-8223-0330-3650-4054 , rated 64 C, valid until 25 March 2030.
LEGAL COSTS Each side will be responsible for their own legal costs.
Specification
- Established commercial area
- Cafe premises
- Close to Boundary Road
- OIRO £200,000