7 Lewes Road

Brighton, BN2 3HP

489 sq ft

Freehold Mixed Use Investment For Sale – Income Producing / Fully Occupied

Summary

Located in a prime position
Mixed Use Building comprising Class E shop and 2 x 1-bed flats
Freehold Investment
Currently producing £37,200 per annum exclusive

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m
Ground - Shop - Sales Area	322	29.91
Ground - Rear - Storage	167	15.51
Total	489	45.42

Location

The property occupies a prominent position along Lewes Road, with nearby occupiers including Kamsons Pharmacy, Premier Convenience Store, St Martins Church and School, The Lewes Road Inn Pub, Subway, Betfred, and Co Op. There is also a range of other quirky independent retailers, cafes, restaurants, and bars nearby that benefit from being located in a high footfall area. Brighton Train Station is approximately 0.6 miles away which provides regular services to London and other areas in Sussex.

Get directions from Google Maps

Mainline Stations

London Road (Brighton)

8 mins
Brighton

11 mins
Moulsecoomb

21 mins
Preston Park

28 mins

Underground Station

Caterham

601 mins
Tadworth

619 mins
Kingswood

621 mins
Whyteleafe South

630 mins

Further Information

Price Offers in the region of £550,000

Rates Payable Upon Enquiry

Description

A rare opportunity to purchase an income producing freehold investment property in a central and vibrant location. The property is configured over basement, ground and first floors comprising a shop and 2 x 1 bed flats. The combination of its prime location and current income stream makes this property an appealing investment opportunity, offering both immediate returns and long-term growth potential in Brighton's thriving rental market.

Terms

Offers are invited in the region of £550,000 for the freehold interest of the property (subject to existing tenancies).

Tenancy Information

Shop and First Floor Flat – Let on a full repairing and insuring lease for a term of 16 years dated 22 December 2021 with a current passing rent of £24,000 per annum exclusive. Rent reviews are at every fifth anniversary of the lease term. There are no break clauses and the lease is contracted inside the Landlord and Tenant Act 1954.

Basement Flat (7a) – Let on an AST from 1st September 2024 for a period of 12 months at a rent of £1,100 pcm.

The total annual income for the building is £37,200.