A rare opportunity to acquire a substantial freehold building occupying a prominent position on vibrant St James's Street in the heart of Kemptown, Brighton. Spanning over five floors and exceeding 2,100 sq ft, this versatile mixed-use property comprises a ground floor commercial unit with a large basement, and four residential apartments sold on leases.
Property Overview: Ground Floor & Basement Commercial Unit: Currently let at £22,000 per annum, with a lease in place for the next three years. The agreement includes a mutual break clause and the option to extend for a further five years, offering flexibility and security for both landlord and tenant. The commercial space benefits from excellent footfall in this busy central location.
Residential Units:
Flat 1 (First Floor): 125-year lease from 25 March 1987 Ground rent: £40, doubling every 21 years
Flat 2 (Second Floor): 125-year lease from 25 March 1987 Ground rent: £40, doubling every 21 years
Flat 3 (Third Floor): 125-year lease from 25 March 1987 Ground rent: £40, doubling every 21 years
Maisonette (Upper Floors): Lease extended to 161 years from 25 March 1987 No ground rent payable
Prime Kemptown location, moments from Brighton seafront and city centre
Freehold title comprising ground floor commercial and four residential units
Commercial rent of £22,000 p.a. with potential for renewal
Attractive long leases across residential units with consistent ground rent income
Ideal investment with long-term asset management potential
This is an exceptional opportunity for investors seeking a secure and well-located freehold asset with immediate income and future growth potential. For more information or to arrange a viewing, please contact us.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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