6
For Sale

85-85A Preston Street, Brighton

1,011.44 Sq Ft
£500,000
  • Ref: 115513
  • Type: Investment
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Property Features

  • Just off Seafront
  • City Centre Position
  • Fully let income producing investment

Property Summary

Freehold Shop & Maisonette Investment
ORIO £500,000

Full Details

The property comprises of a ground floor/ lower ground floor commercial premises trading as the very popular Moyos Burgers, let on the remainder of 10 year lease from July 2019 with a passing rent of £13,995 per annum and tenant only break option on 29th July 2024 subject to six months prior written notice.

The maisonette above is let on a AST at £1,300pcm providing a total rental income for the building of £29,595 per annum.

Location
The property is located on Preston Street, Brighton a popular foodie part of the city, Western Road is to the north and the main seafront promenade to the south with the I360 at the bottom of the road.

Viewings
Viewings can be arranged via the vendors sole agents Newlands Property Tel: 01273-779777.

*Disclaimer* In accordance with the estate agency act 1979 we advise that the seller of this property has a connection with Newlands Property, for more information please contact our agency.

Terms
Offers are invited in the region of £500,000 for the freehold interest subject to the existing lease and AST in place. A purchase at this level would represent a NIY of 5.65%

Available Area

Name/FloorSq FtSq MAvailability
g Commercial Unit559.5251.98Available
1st Maisonette451.9241.98Available
Total1,011.4493.97