109-110 Western Road Brighton East Sussex BN1 2AA

109-110 Western Road
Brighton
East Sussex
BN1 2AA

Freehold Retail and Residential Investment

  • Three retail units and three recently developed residential flats
  • Prominent corner position some 300 metres from Brighton beach, adjacent to an affluent residential square
  • Busy city centre location with nearby occupiers including Waitrose, Leaders Estate Agents and The Temple Public House
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    6
  • Auction
    26th March 2015
  • Rent
    £53,071 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,300,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Three retail units and three recently developed residential flats
  • Prominent corner position some 300 metres from Brighton beach, adjacent to an affluent residential square
  • Busy city centre location with nearby occupiers including Waitrose, Leaders Estate Agents and The Temple Public House
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 6
  • Auction 26th March 2015
  • Rent
  • Status Sold
  • Price £1,300,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers

Property Information

Location
Miles
12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads
A23, A270, A27, M23 (Jct 11)
Rail
Brighton Railway Station (55 mins to London Victoria)
Air
London Gatwick Airport
Situation

The property is situated in a prominent corner location on the southern side of the Western Road, at its junction with Norfolk Square and approximately 300
metres north of Brighton beach. Nearby occupiers include Waitrose, Fox & Sons and Leaders Estate Agents.

Tenure

Freehold.

Location
Miles
12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads
A23, A270, A27, M23 (Jct 11)
Rail
Brighton Railway Station (55 mins to London Victoria)
Air
London Gatwick Airport
Situation

The property is situated in a prominent corner location on the southern side of the Western Road, at its junction with Norfolk Square and approximately 300
metres north of Brighton beach. Nearby occupiers include Waitrose, Fox & Sons and Leaders Estate Agents.

Tenure

Freehold.

Description

The property comprises three ground floor retail units. 109 Western Road benefits from additional ancillary accommodation on the first and second floors whilst No. 109a and No. 110 benefit from basement accommodation. The first, second and third floors above No. 110 provide three recently developed self- contained one bedroom residential flats.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide
identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises three ground floor retail units. 109 Western Road benefits from additional ancillary accommodation on the first and second floors whilst No. 109a and No. 110 benefit from basement accommodation. The first, second and third floors above No. 110 provide three recently developed self- contained one bedroom residential flats.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide
identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reviews
109 Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
22.60 sq m
37.10 sq m
50.70 sq m
(243 sq ft)
(399 sq ft)
(546 sq ft)
INDIVIDUALS (t/a Brighton Internet Laptop & Phone Centre) 15 years from 09/04/2009 until 08/04/2024 £18,071 09/04/2014
and
09/04/2019
109A Ground
Basement
Retail
Ancillary
14.20 sq m
7.90 sq m
(153 sq ft)
(85 sq ft)
ARUN ESTATE AGENCIES LIMITED (1) (t/a Cubitt & West) Approximately 7 years from 25/10/2012 until 24/09/2019 £35,000 25/10/2017
110 Ground
Basement
Retail/Ancillary
Ancillary
71.00 sq m
35.80 sq m
(764 sq ft)
(385 sq ft)
110 First Residential
1 Bedroom
VACANT POSSESSION      
110 Second Residential
1 Bedroom
VACANT POSSESSION      
110 Third Residential
1 Bedroom
VACANT POSSESSION      
Totals    
239.30 sq m
(2,575 sq ft)
    £53,071  

1) For the year ending 30th September 2014, Arun Estate Agencies Limited reported a turnover of £69,655,000, pre-tax profits of £18,548,000 and a total net worth of £36,701,000. (Source: www.riskdisk.com 30/01/2015)

Property Documents

  • Catalogue Page
    Updated Date
    03.03.15
    File Size
    806 KB
    View PDF
  • Site Plan
    Updated Date
    03.03.15
    File Size
    62 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Shoosmiths LLP 2 Colmore Square, 38 Colmore Circus Queensway
Birmingham
B4 6BJ
Adam Ezzat 03700 864 218adam.ezzat@shoosmiths.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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