52 / 53 Western Road Brighton East Sussex BN1 2EB

  • 52 / 53 Western Road<br>Brighton<br>East Sussex<br>BN1 2EB

52 / 53 Western Road
Brighton
East Sussex
BN1 2EB

Freehold Retail Investment

  • Let to WH Smith High Street Limited t/a Cardmarket until 2024 (subject to option)
  • Prominent location on busy Western Road
  • Close to Churchill Square Shopping Centre
  • Nearby occupiers include Primark,Topshop, H&M, Greggs and TSB Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    23
  • Auction
    10th December 2015
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to WH Smith High Street Limited t/a Cardmarket until 2024 (subject to option)
  • Prominent location on busy Western Road
  • Close to Churchill Square Shopping Centre
  • Nearby occupiers include Primark,Topshop, H&M, Greggs and TSB Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 23
  • Auction 10th December 2015
  • Rent £65,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

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

The property is situated in a prominent position on the southern side of Western Road close to Churchill Square Shopping Centre, which houses retailers including McDonald’s, Debenhams, Apple Store, Zara and Next. Other occupiers in the immediate area include Primark, Topshop, H&M, Greggs and TSB Bank.

Tenure

Freehold.

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

The property is situated in a prominent position on the southern side of Western Road close to Churchill Square Shopping Centre, which houses retailers including McDonald’s, Debenhams, Apple Store, Zara and Next. Other occupiers in the immediate area include Primark, Topshop, H&M, Greggs and TSB Bank.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with part lower ground floor ancillary accommodation. The remaining lower ground, first and second floors will be let on a long lease on completion.

Six Week Completion

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.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with part lower ground floor ancillary accommodation. The remaining lower ground, first and second floors will be let on a long lease on completion.

Six Week Completion

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.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Lower Ground
(Part)		 Retail
Ancillary
128.50 sq m
93.55 sq m
(1,383 sq ft)
(1,007 sq ft)
 WH SMITH HIGH
STREET LIMITED
(1) (t/a Cardmarket)		 10 years from 03/10/2014 until
02/10/2024 on a full repairing
and insuring lease (2)		 £65,000 03/10/2019
Lower Ground
(Part)/First/
Second 		 
Not Measured
 TPS BRIGHTON
DEVELOPMENTS
NO.2 LTD		 999 years from completion Peppercorn  
Totals (Commercial)  
223 sq m
(2390 sq ft)
     £65,000

(1) For the year ending 31st August 2014, WH Smith High Street Limited reported a turnover of £658,855,000, pre-tax profits of £46,865,000 and a total net worth of £132,831,000. (Source: www.riskdisk.com 18/06/2015)
(2)The lease provides an option to determine on the fifth anniversary of the term.

Contacts

Seller's Solicitors
Redferns Solicitors 9 Churchill Court, 58 Station Road
North Harrow
HA2 7SA
Stephen Simmons 020 8904 9333ssimmons@redfernssolicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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