House For Sale, 89-90 Upper Lewes Road, Brighton, East Sussex BN2

Description

For sale by auction on Thursday, 10 Jun 2021 at 14.30pm

Venue: Live Stream

Freehold commercial investment let to Ladbrokes at £15,000 pa. Future potential for conversion into 2 flats

Freehold property originally built as 2 houses. There are two flats over with separate entrances sold off on long leases 198 years from 1986 both flats paying £100 pa ground rent (rising )

The commercial unit is let to Ladbrokes Betting & Gaming Ltd on a 5 year Fri lease expiring 24.12.2016 at a passing rent of £15,000 pa. Ladbrokes are now holding over.

Total income from whole property currently £15,200 per annum

Situation
The property is situated on the western side of Lewes Road close to the Lewes Road Gyratory.

The area has a wide range of local and national occupiers include Sainsbury’s Supermarket, Machine Mart, M&S Food and Pizza Hut.

Accommodation
Ground floor

Retail area: 784sqft (72.83m2)

Separate male and female wc’s

Staff wc

Staff kitchen and store

Door to rear yard

development potential
It may be possible subject to the usual consents to convert the ground floor commercial into 2 flats in the future.

Additional Fees
Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £900 (£750 plus VAT)

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Follow the link for more information:

        
zoopla.co.uk

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House For Sale £190,000 89-90 Upper Lewes Road, Brighton, East Sussex BN2

House For Sale £190,000
89-90 Upper Lewes Road, Brighton, East Sussex BN2