**AUCTION LOT** MIXED USE INVESTMENT IN CENTRAL BRIGHTON**ALLSOP AUCTION ON 11TH JUNE 2025**OFFERS INVITED IN EXCESS OF £380,000
Summary
- AUCTION GUIDE PRICE £380,000+
- DESIRABLE CITY CENTRE LOCATION
- RETAIL & RESIDENTIAL INVESTMENT
- RECENTLY COMPLETED NEW LEASE ON THE COMMERCIAL ELEMENT
- GUIDE PRICE NET YIELD 8.04%
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Basement | 100 | 9.29 |
| Ground | 232 | 21.55 |
| Unit - 1st & 2nd Floors - Self-contained maisonette comprising a bedroom and bathroom on the 2nd floor and a living room and kitchen at 1st floor | - | - |
| Total | 332 | 30.84 |
Location
Situated on the western side of Ship Street on the edge of Brighton's famous Lanes, close to Duke Street, North Street & Union Street. Nearby occupiers include The Ivy & Ivy Asia, Pizza Pilgrims, Honest Burger & Fred Perry in addition to an array of other local and national eateries, retailers and pubs & bars.
Get directions from Google Maps
Mainline Stations
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Brighton10 mins
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London Road (Brighton)21 mins
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Hove30 mins
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Preston Park34 mins
Underground Station
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Caterham617 mins
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Tadworth632 mins
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Kingswood634 mins
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Whyteleafe South645 mins
Further Information
Price Auction £380,000 Guide price
Rates Payable £9,605.75 per annum
Service Charge Upon Enquiry
BER Rating This property has been graded as D (98)
Description
A mid terrace property comprising a retail unit over ground floor and basement with a 1-bedroom maisonette above. The property is fully tenanted with the commercial element having a new lease completed in March 2025. The ground floor retail unit is let by way of an internal & shop front repairing lease of 10 years ending 18th March 2035 to Brighton Creamer LLP at a rent of £24,000 per annum exclusive, subject to a tenant only break option on 17th March 2030 and a rent review on 18th March 2030. The landlord holds a rent deposit of £5,500. The residential element is subject to a regulated tenancy at a rent of £650 per calendar month. The combined annual rental income is £31,800 per annum.
Terms
The freehold interest is available to purchase in the Allsop Auction on the 11th June 2025 with a guide of £380,000+ which shows a net yield of 8.04% based on the income of £31,800 per annum. please see following link to auction brochure https://www.allsop.co.uk/lot-overview/city-centre-freehold-shop-and-residential-investment-in-brighton/c250611-066?searchid=TmoAc6fa2xsYURIgBecJPEg4VIj%2FaV7VyHbV8g1vHqo%3D&idx=0
AML
The normal ID & proof of address will be required from all parties in the transaction.
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