£300,000

Retail premises for sale

  1.  Img_1885.Jpg
  2.  Img_1890.Jpg
  3.  Img_1887.Jpg
Just added
Freehold

Offers over

£300,000

(£336.70/sq. ft)

Retail premises for sale

107 St. James's Street, Brighton BN2

891 sq. ft

Local area information

Property location

Nearby amenities

  • Carlton Hill Primary School 0.3 miles
  • Middle Street Primary School 0.3 miles
  • Brighton 0.6 miles
  • London Road (Brighton) 1.1 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Brighton to find out more about the local area.

Features and description

  • Freehold
  • Return frontage building
Description

The property is a large corner terraced Grade II listed building. The accommodation comprises ground floor retail with a basement storage to include a staff WC. It is utilised as a café/wine bar. There is a one-bedroom first floor flat which comprises an entrance hall, lounge/kitchen, separate WC and a rear double bedroom with shower cubicle. The property also has a maisonette over second and third floors which is sold off on a long leasehold basis.

Location

The property is situated on the southern side of St James’s Street, on the corner of Madeira Place, within the East Cliff Conservation Area of Kemp Town. The area has mostly small, independent traders with some multiple traders nearby, such as Starbucks, Superdrug and a Morrisons supermarket to the west towards Brighton town centre. Brighton’s seafront is a short walk to the south and central Brighton approximately half a mile to the west.

Tenure

The property is available by way of a sale of the freehold interest, subject to the existing tenancies.

Tenancies

The ground floor and basement is let on an effectively full repairing and insuring lease to Tulip Brighton Ltd from 15 November 2011, expiring 14 November 2032. The rental figure from November 2025 will be £15,000 per annum, rising by £1,000 per annum until expiry. The first floor flat is let on an Assured Shorthold Tenancy at a rent of £850 per calendar month. The second and third floor maisonette is sold off on a 99-year lease from 19 October 1988. There is a ground rent of £100 per annum. The property produces a total annual income of £25,300.

VAT

VAT may be applicable on the terms quoted.

Legal Costs

Each party to be responsible for their own legal costs.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Crickmay. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Crickmay for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. East Sussex
  4. Brighton
  5. Kemptown
  6. St. James's Street