49 London Road Brighton East Sussex BN1 4JD

49 London Road
Brighton
East Sussex
BN1 4JD

Freehold Retail and Residential Ground Rent Investment

Shop trading as Brighton Nails
Shop tenant in occupation since 2015 and operating as the same family business since 2008
Popular trading location close to Superdrug, Dominos, Sainsbury's, Costa Coffee and KFC.
VAT-free investment
In the same ownership for over 22 years

Lot
19
Auction
17th February 2022
Rent
£17,750 per Annum Exclusive
Status
Sold
Price
£267,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

Shop trading as Brighton Nails
Shop tenant in occupation since 2015 and operating as the same family business since 2008
Popular trading location close to Superdrug, Dominos, Sainsbury's, Costa Coffee and KFC.
VAT-free investment
In the same ownership for over 22 years

Lot 19
Auction 17th February 2022
Rent £17,750 per Annum Exclusive
Status Sold
Price £267,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads: A23, A27, A270, M23 (Junction 1)
Rail: Brighton Railway Station (55 minutes to London Victoria)
Air: London Gatwick Airport

Situation

Located on the south coast of England, less than an hour from London by train, Brighton is one of the UK's most popular destinations. The property is situated in a prominent location on London Road (A23) close to the intersection of York Hill and about 1/2 mile from the seafront. Nearby occupiers include Superdrug, Dominos, Sainsbury's, Costa Coffee and KFC.

Tenure

Freehold.

Location

Miles: 12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads: A23, A27, A270, M23 (Junction 1)
Rail: Brighton Railway Station (55 minutes to London Victoria)
Air: London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with a basement cellar (not used) and two floors of residential accommodation above, let on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion.

EPC

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

Description

The property comprises a ground floor shop with a basement cellar (not used) and two floors of residential accommodation above, let on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion.

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
Ground	Retail/Ancillary	50.80 sq m	(547 sq ft)	AN INDIVIDUAL	10 years from 08/11/2014	£17,500 (1)
First/Second	Residential	-	(-)	TWO INDIVIDUALS	125 years from 14/11/2014	£250 (2)
Total Commercial Area		50.80 sq m	(547 sq ft)			£17,750

(1) A rent deposit of £5,000 is held and the 2019 rent review was not implemented
(2) The ground rent doubles every 25 years

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.