123-125 Dyke Road
Hove
Brighton
Sussex
BN3 1TJ
Park Crescent Terrace, Brighton
£450,000 Under Offer
Mixed Use
- Freehold Mixed Investment
- Vacant First Floor Flat
- Ground Floor Workshop
- Situated in Central Brighton
Freehold Mixed Investment In Central Brighton
Description
The building forms part of a terrace of properties, on the east side of Park Crescent Terrace. This two storey property currently occupied by an independent trader, comprises of a ground floor commercial workshop, office, storeroom and wc. Over the first floor, is a vacant self-contained flat, comprising 2 double bedrooms, living room, kitchen/breakfast room and bathroom.
There is potential to convert the property into one single dwelling (C3) - subject to the necessary consents.
Situation
Park Crescent Terrace is situated within a residential area, just minutes from London Road and Lewes Road, Brighton - offering a variety of cafes, shops, restaurants,bars and entertainment facilities. The North Laines and Brighton Mainline Railway Station are approximately half a mile from the property (London Victoria 62 minutes).
Accommodation
COMMERCIAL GROUND FLOOR
Floor Area – 116.76 sq.m.
FIRST FLOOR
Floor Area – 59.74 sq.m.
Total Floor Area – 176.5 sq.m.
Tenancies
COMMERCIAL WORKSHOP
On and including, 19th October 2019, up to and including, 18th October 2024. Let at an initial rent of £11,800pa - the tenant is holding over.
No security of tenure
FIRST FLOOR
Vacant – previously let at £12,000pa
Rent
Commercial rent £11,800 pa
Tenure
Freehold
EPC Rating
Flat (26a) - E
Commercial – E
Council Tax
Flat (26a) – Band A
Rateable Value
£12,750
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.
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