Office for sale in Mighell Street, Brighton BN2

From £240,000 (£342.86/sq. ft)
Office for sale From 700 - 4,036 sq. ft*
Interested in this property? Call +44 1273 083684 * or Request Details

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Property description

Key Points

  • Modern building
  • Close to new edward street quarter & circus street developments
  • Good tenant MIX
  • Possible pension fund lots
  • Investment opportunity
  • Description

    3 office investments available to purchase either as one or alternatively as 3 individual lots within Kemptown House a recently constructed mixed use development. The Easter & Western units ae located at lower ground floor level facing south whiulst the ground floor unit is accessed from the north via the entrance to the flats above.

    Location

    The building is situated on the corner of Carlton Hill & Mighell Street adjacent to the new Amex building & Edward Street Quarter development that is taking shape, whilst the Circus Street Development is also nearby. The popular Queens park is a few minutes walk away

    Terms

    The properties are available to purchase either individually or as a whole. A purchase of the whole at the asking price of £1,350,000 would show a net yield of 6.11% after purchasers costs.

    Tenancies

    Ground floor, 72 carlton hill - Let to Rooms for Therapists Ltd for a lease term expiring 4/6/2029 with a tenant only break clause on the 4/6/2024 subject to 6 months prior notice, paying a rent of £15,000 per annum exclusive.
    Lower ground floor eastern unit- Let to Mclaren Construction (South) Limited for a lease term expiring 7/1/2023 with a tenant only break clause on the 8/12/2022 subject to 3 months notice, paying a rent of £24,500 per annum exclusive. The lease is excluded from sections 24-28 of the lta 1954.
    Lower ground floor western unit- Let to Arke Agency Ltd for a lease term expiring 16/5/2024 with a tenant only break clause on the 17 May 2022 subject to 6 months notice at a rent of £48,000 per annum exclusive. A 3 month rent deposit is held.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    Eightfold Property, BN1 on +44 1273 083684 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Eightfold Property, and do not constitute property particulars. Please contact Eightfold Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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