37 Vernon Terrace
Brighton
Sussex
BN1 3JH
High Street, Rottingdean, Brighton
£250,000
Commercial
- Available On Market Since Early 1960s
- Commercial Freehold Investment
- Grade II Listed
- Current Annual Income of £15,000 per annum exclusive
- Popular Rottingdean Location
- Close to Seafront
- Easy Access to Brighton
Grade II Listed Commercial Freehold Investment Producing Approximately £15,000 pax.
Description
Available for the first time on the market having been owned by the same family since circa the early 1960’s. This is a rare opportunity to purchase a Grade II Listed end of terrace freehold commercial investment property in the heart of Rottingdean. The accommodation is configured over ground and first floor with the property currently trading as a barber shop. The ground floor comprises an open plan sales area, with rear room and small kitchenette. A rear staircase leads to the first floor, configured as three rooms and a shower room with w/c facility. The property also benefits from a self-contained access to the ground floor rear room on Park Road.
Situation
The property is located on the west side of the High Street in the centre of the historic coastal village of Rottingdean. Rottingdean offers a mix of independent, local and national business such as Budgens, Tesco Express, The Plough Inn, McMillan Wealth Consultants and The White Horses. Rottingdean seafront is within walking distance and benefits from good transport links via the A259 coast road, proving easy access into Brighton city centre.
Accomodation
The property has the following approximate Gross internal floor areas:
Ground - 46.74 sq.m. (503.10 sq.ft)
First - 44.73 sq.m. (481.47 sq.ft)
Total - 91.47 sq.m. (984.57 sq.ft)
Rateable Value
£10,250
EPC's
Commercial - C
Tenancy
Let to Aiden Barber Salon Ltd on a full repairing and insuring lease for a term of 15 years from 20 June 2023. The current passing rent is £15,000 per annum exclusive. Rent reviews are dated 20 June 2028 and every fifth anniversary of that date. Security is held by way of a six month rent deposit and personal guarantor.
VAT & Legal Fees
We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.
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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