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Retail & Residential Investment, 52 High Street, Rottingdean, BN2 7HF

332 Sq Ft / Retail / Investment

For Sale - £350,000.00

Available - Last updated: 19 November 2019

Shop & maisonette freehold investment for sale.

 

Location

Situated in the historic seaside village of Rottingdean at the junction with the main A259 Coast Road, approximately 4 miles east of Brighton city centre.

Accommodation

Ground Floor Shop - width 13’11 (4.24m) narrowing at rear, depth 29’ (8.83m) providing a sales area of 332ft² (30.8m²), outside WC

S/C Maisonette - accessed from High Street

First Floor - 1 room, kitchen, bathroom & WC

Second Floor - 3 rooms

Terms

Tenancies:
Ground Floor Retail: held on a full repairing and insuring lease for a term of 9 years from 26/2/2019 with upward only rent reviews at the expiry of the 3rd and 6th years. The current passing rent is £10,000 pa ex payable quarterly in advance.

Maisonette: held on an AST dated 16/1/2019 at a current rent of £850 pcm.

TOTAL PRESENT RENTAL INCOME: £20,200 pa

Rateable Value: £7,300 / Residential Council Tax Band B

EPCs: applied for

Offers are invited in the region of £350,000 for the FREEHOLD interest.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £350,000.00 NA

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Contact agents

Stephen Owen

Graves Son & Pilcher LLP

01273 068305



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