LOT 18B

97 St. James's Street, Brighton, East Sussex, BN2 1TP

FREEHOLD COMMERCIAL & RESIDENTIAL INVESTMENT

Result: Sold for £447,000 Guide price: £380,000 PLUS*

Auction Date

Thursday, 29th October 2020 12:00pm

A substantial mid-terraced property comprising a ground floor shop together with separate rear access to the upper parts which comprise a 1st floor studio flat & 2nd & 3rd floor 2/3 bedroom flat. Located on the south side of St. James Street in this busy diverse and vibrant shopping street off Old Steine where occupiers include Superdrug just north of Marine Parade and within walking distance of the well known Brighton Beach & Brighton Palace Pier. Brighton (mainline) station is just under 1 mile away.

Accommodation

Basement: 666 sq ft (61.87 sq m)
Ground Floor Amusement Arcade: 672 sq ft (62.43 sq m)
First Floor Studio: Living room/kitchen, bathroom/toilet
Second Floor: Living room/kitchen, store room, separate toilet
Third Floor: 2 bedrooms, box room, bathroom

Tenancy Details

The entire property is let on a lease to Southern City Leisure until 24.12.20 at a current rent of £37,000 p.a We understand the tenant may want to extend this lease further. Details can be found in the legal pack.

EQUIVALENT TO £37,000 P.A

Status

Sold for £447,000

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.