Property Details


York Place, BrightonOffers in the Region Of £750,000
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On MarketGraves Son & Pilcher - 01273 321123GSP00336
    Freehold terraced investment property. Mixed residential and commercial investment property comprising 3 flats and ground floor catering unit, all let and producing £44,800 per annum exclusive.
    • Freehold Investment Property

      Ground Floor A3 Restaurant & 3 S/C Flats. Income of £44,800 per annum exclusive

    • Ground Floor

      A3 Restaurant

    • Situated on a well established shopping parade overlooking St Peter's Church and its grounds, within the Valley Gardens Conservation Area, close to London Road shopping area, the North Laine and The Level. There is a taxi rank close by, frequent bus services and Brighton rail station is with 10 minutes' walk (0.6 miles).

    • Building Frontage (gross 14'5 (4.39m) Ground Floor: Restaurant, kitchen, store in all 596 ft² (55m²), WC Tenancy: Let on an FRI lease for a term of 10 years from 10th December 2013 at a present rental of £11,500 per annum exclusive and subject to upward only rent review at the expiry of the 5th year of the term. There is a tenant only break option on the 10th December 2018, subject to 6 months prior notice. Rateable Value: £13,000

    • Self-contained Entrance from York Place:

      Leading to:

    • Flat 1 - First Floor:

      2 bedrooms, kitchen, living/dining area, bathroom/WC, store Vacant - ERV £1,075 pcm Council Tax Band: B

    • Flat 2 - Second Floor:

      2 bedrooms, kitchen, living/dining area, bathroom/WC, store Tenancy: let on AST at a rental figure of £1,100 pcm Tax Band: B

    • Flat 3 - Third Floor:

      Studio room with kitchen facilities, shower room/WC Tenancy: Let on AST at a rental figure of £600 pcm

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