123-125 Dyke Road
Hove
Brighton
Sussex
BN3 1TJ
Ditchling Road, Brighton
£350,000 Under Offer
Shop with Living Accommodation
Shop and Self Contained Upper Flat - Mixed Commercial Investment -Business Unaffected
Freehold Mixed Investment Producing £16,000 Per Annum
Description
TMixed Investment ground floor retail and upper self contained 1-bedroom flat, let on a single commercial lease to Beaumont Estate Agents - producing £16,000pa exclusive.
An Edwardian mid terrace property with ground floor commercial unit occupied by Beaumont Estate Agents & a self contained 1-bedroom flat to the first floor - occupied by a protected tenant, with a registered fair rent of £655pcm. The property also provides a rear garden, accessed via a shared service road.
Situation
The property is situated on the West side of Ditchling Road within Kings Parade, close to the popular area of Fiveways.
Tenancy
The commercial and residential units are let to Beaumont Estate Agents on a 10 year full FRI lease, expiring on 23rd June 2029.
First Floor Flat – Tenancy Details
Let to a statutory tenant protected by the Rent Act 1977.
The rent has been recently registered at £665.00pcm, effective from 19th August 2024.
Accommodation
COMMERCIAL
Total Floor Area – 51 sq.m.
FLAT
Living Room - 4m x 5.1m
Kitchen – 3.5m x 3.4m
Bathroom
Bedroom - 4.8m x 3.1m
Total Floor Area – 64 sq.m.
Tenure
Freehold
EPC
Commercial - B
Flat - E
Business Rates
£10,750
Council Tax
Flat - Band B
Legal Fees
Each party will be responsible for their own costs incurred in relation to the transaction.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com