306 Ditchling Road

Brighton, BN1 6JG

706 sq ft

ATTRACTIVE FREEHOLD INVESTMENT FOR SALE IN FIVEWAYS

Summary

£220,000 FOR THE FREEHOLD INTEREST
COMPRISING FULLY LET RETAIL UNIT WITH RESIDENTIAL ABOVE SOLD OFF BY WAY OF LONG LEASE
DESIRABLE FIVEWAYS LOCATION
NET YEILD 6.97%

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m
Ground - Retail unit – let to an individual (trading as Fiveways Fruits) by way of an effective full repairing and insuring lease from February 2025 for a term of 10 years at a rent of £15,600 per annum.	706	65.59
1st - Flat sold off by way of long leasehold, paying a ground rent of £100 per annum. Area for the flat has been obtained from the EPC register.	667	61.97
Total	1,373	127.56

Location

The property is situated in Fiveways, on the eastern side of Ditchling Road, opposite the junction intersecting Hythe Road. London Road railway station is a short walk south with Preston Park & Preston Park Station to the west. Nearby occupiers include, Co-op Food, Barfields Butchers, The Flour Pot Bakery and Rustico Restaurant.

Get directions from Google Maps

Mainline Stations

London Road (Brighton)

11 mins
Moulsecoomb

14 mins
Preston Park

17 mins
Brighton

21 mins

Underground Station

Caterham

586 mins
Tadworth

603 mins
Kingswood

604 mins
Whyteleafe South

614 mins

Further Information

Price £220,000

Rates Payable £3,692.60 per annum

EPC Rating This property has been graded as C (72)

Description

A well-positioned, terraced building arranged over ground and 1st floors. The ground floor retail unit is let to Daniel Parsons trading as Fiveways Fruits by way of an effective full repairing & insuring lease from February 2025 for a term of 10 years with rent reviews on the 3rd and 6th anniversary at a rent of £15,600 per annum. The commercial tenant has occupied the premises since 2003, with the premises being run as the same use prior. The residential above is sold off by way of long lease, paying £100 per annum ground rent.

Terms

Offers are invited for the freehold interest in the region of £220,000 with the benefit of the existing tenancy. Based on the total annual income of £15,700 a purchase at this level would produce a net yield of 6.97% based on purchasers costs of 2.44%.

AML

As in accordance with regulations the appropriate anti money laundering searches will need to be carried out for which a charge of £50 per person applies