Under Offer

107 Western Road,
Brighton,
East Sussex,
BN1

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Investment

1,623 Sq Ft (150.78 Sq M)

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Features
  • Mid Terrace 3 storey property
  • Located on busy thoroughfare
  • Let to popular and established restaurant
  • Currently let at £36,000 per annum
  • Arranged with living accommodation on 2nd floor

Location

The property is situated on the southern side of Western Road in a terrace of shops located between Bedford Place and Montpelier Road. Western Road is significant retail thoroughfare linking with the Brighton's Clock Tower and Churchill Square shopping centre at its eastern end and running west via Palmeira Square and Church Road into central Hove.

There are numerous retail, café and restaurant outlets close by. Waitrose supermarket is 50 metres to the east.

Description

Freehold Investment for sale
Offers in the region of £615,000

Accommodation

The property comprises mid-terraced building with accommodation arranged over ground, first & second floors. The ground floor is used as a restaurant.
Part of the first floor is used as the restaurant kitchen, customer WCs & staff rest area and stores. The second floor is arranged as residential accommodation.

Planning

The ground and basement floors have been used for restaurant / café purposes for many years and should therefore have an established E use class under the Use Classes Order 2020. The upper parts are used as residential accommodation.

The property is located within a Conservation Area.

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

For sale with offers invited in the region of £615,000 (six hundred and fifteen thousand pounds).

Tenure

Freehold. The property is subject to a lease dated 19/03/2015 which ran for a period of 7 years, but has now expired.
The tenant has served a section 26 notice requesting a lease renewal.
The current passing rent is £36,000 per annum.

Will Thomas

01273 740398 Email