Mixed use investment opportunity FOR SALE
The property is located in the popular Kemp Town area of Brighton and is situated within the principle commercial area of St George Road.
The immediate vicinity is characterised by a mix of residential, retail and restaurant uses. The Royal Sussex County Hospital and Brighton College are located close by to the north. Nearby occupiers include, Boots Pharmacy, Co-op Food, WH Smith, Age UK, Lloyds Bank and numerous independent retailers.
The ground and lower ground floors are consented as retail/cafe (A1/A3) use (ref: BH2014/01820) . The upper parts are licensed as a six bedroom HMO premises.
Rents and prices are quoted exclusive of, but may be subject to VAT.
The property comprises 3 storey end of terrace building with the retail unit to the ground and lower ground floor. There are 6 dwellings to the upper parts that have a shared kitchen and bathroom.
We understand the commercial parts to have the following approximate
Net Internal Areas:
Ground floor (retail)65.21 sq m 702 sq ft
Lower ground (retail)49.51 sq m 533 sq ft
Upper parts (residential) 132 sq m1,421 sq ft
Total 247 sq m2,656 sq ft
Ground & lower ground = D
Upper parts = E
Each party to bear their own legal costs incurred.
We have been instructed to seek offers in excess of 875,000
(eight hundred and seventy five thousand pounds) for our client's freehold interest.