31 Kensington Gardens is prominently situated on the eastern side of this prime pedestrian shopping thoroughfare and comprises a ground floor retail unit with a small room to the rear.There is basement storage (of restricted height) plus a W.C & shower. At first floor there is an office leading to the flat roof, plus a rear room currently used for display/storage.
The tenant imports and retails Turkish lamps, homewaregoods and gifts.
Location
Brighton is located 22 miles (35 km) southof Crawley, 22 miles (35 km) west ofEastbourne and 14 miles (22 km) east of Worthing. The city has a residentpopulation of 289,000.
31 Kensington Gardens is prominentlysituated on the eastern side of this primepedestrian shopping thoroughfare.
The popular North Laine comprises acosmopolitan and vibrant mix of some 300independent shops, 37 cafes, 22 pubs,and 4 theatres including the Komedia. TheRoyal Pavilion and Brighton Dome are afew minutes walk.
Nearby occupiers include Abode Living,Neals Yard Remedies, Jolliffes, Jojo, FattoAmano, Hidden, Lucy & Yak, Pussy HomeBoutique and Trading Post CoffeeRoasters.
Brighton railway station is 0.3 miles (6mins) with regular services to LondonVictoria and London Bridge (journey time54 mins).
Car parks are situated nearby in ChurchStreet (100m) and North Road (4 mins,320m). Churchill Square Shopping Centreis within easy walking distance (7 mins,500m).
Accommodation
Ground Floor Sales - 358 sq ft (33.2 sq m)
Rear Room - 79 sq ft 97.3 sq m)
First Floor Office - 156 sq ft (14.5 sq m)
Rear Room - 79 sq ft (7.3 sq m)
W.C & Shower
Total Area - 672 sq ft (62.4 sq m)
Basement Storage* 161 sq ft (14.9 sq m)
* basement restricted height 4’ 5” (1.35m)
All areas and dimensions are net internal.
Terms
TENURE - Freehold subject to a lease dated 19th October 2012 for a term of 14 years, expiring on 28thSeptember 2026. Passing rent £23,000 per annumexclusive.
PRICE - Offers in the region of £410,000 which equates toa net initial yield of 5.3% after purchasers costs.
VAT - We are informed that the property is not electedfor VAT.
BUSINESS RATES - RV: £23,250 UBR XXX (April 2021/22).
EPC - Certificate No: 0693-0062-4730-4400-3803. The energy efficiency rating for this property is E115.
LEGAL COSTS - Each side to be responsible for their own legal costs.