97 St. James's Street, Brighton, East Sussex, BN2 1TP
FREEHOLD COMMERCIAL & RESIDENTIAL INVESTMENT
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.
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
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