Retail premises for sale in 95 St James Street, Brighton, East Sussex BN2

Guide price £180,000 (£360.72/sq. ft)
Retail premises for sale 499 sq. ft*
Interested in this property? Call +44 1273 083470 * or Request Details

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Property features

  • Busy Retail Location
  • High Pedestrian Flow - Day & Night
  • Income Producing Investment For Sale
  • Popular Kemp Town Area

Property description

Property details


Ground Floor Accommodation 499 sq ft (46.36 m2)


Accommodation


Ground Floor shop as follows;

Gross Frontage - 16'
Internal Width - 13'42 (max)
Total Depth - 43'2 (max)
= Total Accommodation - 499 sq ft (46.3 m2)

Operating as an International Food Store trading as 'Green City' and recently refitted to include fluorescent strip lighting and extensive glass window display frontage. To the rear of the unit is a separate kitchenette area and single use w/c facility plus access to a rear store.

A commercial recording studio is situated in the basement and three separate residential units over on each floor - each part has been sold on long term leasehold interests.


Tenure & income


Freehold.

Income.

Ground floor retail premises let to Mr Sherko Karim trading as 'Green City' international food store on a new 8 year lease from March 2021 at a commencing rent of £13,200 per annum, exclusive. An effective Full Repairing & Insuring lease with 100% maintenance collection from all tenants plus buildings insurance cover. Tenant only Break Clause at the 4th anniversary of lease commencement.

The basement is sold to a commercial recording studio and the three upper floors are sold individually as residential accommodation - all four pay £100 per annum ground rent each.

Total Income £13,600 (thirteen thousand six hundred pounds) per annum, exclusive.


Price


Offers invited in the region of £180,000 (one hundred and eighty thousand pounds) for the freehold interest to include all income as stated above. A purchase at this level would offer a Net Initial Yield of 7.4% after standard purchaser costs.

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

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For more information about this property, please contact
Graves Jenkins, BN1 on +44 1273 083470 * (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 Graves Jenkins, and do not constitute property particulars. Please contact Graves Jenkins 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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