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
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

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
  • 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

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.

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    3 MB
    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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
NC Morris & Co Close Gate House, 47 High Street
Salisbury
SP1 2PB
Charles Joly 01722 415 215charles.joly@ncmorris.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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