96-99 St Georges Road, Kemptown, BN2 1EE

Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Brighton Station • Distance to Station: 1.1 miles

Agent Information: • Address: Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH

Full Description: Withdrawn**For Sale By Auction on Thursday 20 July 2023***Guide Price £700,000Freehold Investment Including 3 Commercial Units, Producing £58,150paDescriptionThe building comprises a terrace of period buildings. There are 3 self contained retail/office units to the ground floor (No 98 has a basement). There are 3 flats above 98 & 99 and a self contained house to the rear of the block. All residential elements are sold off on long leases.Situation The property is situated in the popular Kemp Town area of Brighton within East Cliff Conservation Area, & within the principle commercial unit area of St Georges Road.The immediate vicinity is characterised by a mix of residential, retail and restaurants. The Royal Sussex County Hospital and Brighton College are located close by to the North. Nearby occupiers include Boots Pharmacy, Co op and numerous independent retailers. Location Pin (What3Words): grit.drum.thigh NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLYRents96-97 St Georges Road is let to Leaders Ltd on a 10 years lease expiring 21st April 2032 (Break Clause And Rent Review Date April 2027). Current rent £22,000 pa.98 St Georges Road is let to The Martlets Trading Company Ltd on a 10 years lease expiring 4th May 2032 (Break Clause And Rent Review Date May 2027). Current rent £17,000 pa.99 St Georges Road is let to Marie Curie on a 10 years lease expiring 2nd March 2031 (Break Clause And Rent Review Date March 2026). Current rent £19,000 pa.Ground RentsBalcony Flat 98/99 St Georges Road - current rent £150 pa rising every 25 years £300.00/£450.00/£600.00. AccommodationCOMMERCIAL UNITS96-97 (Ground) - 97.67 sq.m98 (Ground) - 85.35 sq.m.; 98 (Basement) - 83.05 sq.m. 99 (Ground) - 74.98 sq.m.Total Floor Area - 341.05 sq.m.Rateable Values96-97 - £19,000.00 98 - £15,500.00 99 - £17,250.00Lease Term96a St Georges Road - 999 year lease from 29th September 2012 - 988 years remaining.Balcony Flat 98/99 St Georges Road - 125 year lease from 29th September 2002 - 104 years remaining.Window Flat 98/99 St Georges Road - 189 year lease from 29th September 2002 - 168 years remaining.Loft Flat 98/99 St Georges Road - 173 year lease from 12th July 2018 - 168 years remaining.TenureFreeholdEPC Rating 96-97 - D 98 - C 99 - EBrochuresLegal Documents