LONG LEASEHOLD INVESTMENT FOR SALE
Summary
- PRICE £210,000
- MODERN BUILDING
- CLOSE TO NEW EDWARD STREET QUARTER & CIRCUS STREET DEVELOPMENTS
- INVESTMENT OPPORTUNITY
- IDEAL PENSION FUND INVESTMENT
Accommodation
The accommodation comprises of the following
| Name | Description | sq ft | sq m | Price |
| Upper Ground - Suite 1 Kemptown House, 72 Carlton Hill | Suite 1 Kemptown House, 72 Carlton Hill | 700 | 65.03 | £210,000 |
| Total | 700 | 65.03 |
Location
The building is situated on the corner of Carlton Hill & Mighell Street adjacent to the Amex building & Edward Street Quarter development where occupiers include Knights solicitors, Octopus Energy & Natwest. The Circus Street Development is also nearby where tenants include South East Dance. whilst the popular Queens Park is a few minutes walk away to the east whilst the the City Centre is to the ease & seafront to the south.
Get directions from Google Maps
Mainline Stations
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Brighton11 mins
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London Road (Brighton)18 mins
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Moulsecoomb33 mins
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Preston Park36 mins
Underground Station
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Caterham614 mins
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Tadworth631 mins
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Kingswood632 mins
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Whyteleafe South642 mins
Further Information
Price £210,000
Rates Payable Upon Enquiry
Service Charge A service charge will be payable based on a fair proportion of expenditure to the building. This will be in turn passed onto the tenant subject to terms.
Estate Charge n/a
EPC Rating This property has been graded as B (26)
Description
A self contained ground floor space that is used as consulting rooms & let to Rooms For Therapists Limited on a lease term expiring 4th June 2029 who pay a rent of £15,000 pa exclusive. We understand there is a 3 month rent deposit held by the landlord. The building was constructed in approximately 2018. The tenant operates a therapy room business where operators are able to hire rooms on an hourly basis. The tenants have been in situ since 2019 & did not operate the break clause in 2024.
Viewings
Strictly via Sole Agents Eightfold Commercial.
Terms
For Sale by way of a long leasehold interest for a term of 999 years from 2018 with the benefit of the existing tenancy. A price of £210,000 is suggested & a purchase at this level would show a gross yield of 7.14% & net yield after purchasers costs of 6.98%.
Gallery
