£220,000

Property for sale

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Freehold

Fixed price

£220,000

(£311.61/sq. ft)

Property for sale

306 Ditchling Road, Brighton BN1

706 sq. ft

Local area information

Property location

Nearby amenities

  • Hertford Infant and Nursery School 0.2 miles
  • Balfour Primary School 0.3 miles
  • London Road (Brighton) 0.6 miles
  • Moulsecoomb 0.7 miles

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

Features and description

  • Freehold
  • £220,000 for the freehold interest
  • Comprising fully let retail unit with residential above sold off by way of long lease
  • Desirable fiveways location
  • Net yeild 6.97%
  • Estimated Rates Payable: £3692.6
Description

A well-positioned, terraced building arranged over ground and 1st floors. The ground floor retail unit is let to Daniel Parsons trading as Fiveways Fruits by way of an effective full repairing & insuring lease from February 2025 for a term of 10 years with rent reviews on the 3rd and 6th anniversary at a rent of £15,600 per annum. The commercial tenant has occupied the premises since 2003, with the premises being run as the same use prior. The residential above is sold off by way of long lease, paying £100 per annum ground rent.

Location

The property is situated in Fiveways, on the eastern side of Ditchling Road, opposite the junction intersecting Hythe Road. London Road railway station is a short walk south with Preston Park & Preston Park Station to the west. Nearby occupiers include, Co-op Food, Barfields Butchers, The Flour Pot Bakery and Rustico Restaurant.

Terms

Offers are invited for the freehold interest in the region of £220,000 with the benefit of the existing tenancy. Based on the total annual income of £15,700 a purchase at this level would produce a net yield of 6.97% based on purchasers costs of 2.44%.

Aml

As in accordance with regulations the appropriate anti money laundering searches will need to be carried out for which a charge of £50 per person applies

Floor plans and tours

Floor plans (1)

1 floor plan available

View the floor plan to understand the space and layout of this property.

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Property descriptions and related information displayed on this page are marketing materials provided by - Eightfold Property - Brighton. 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 Eightfold Property - Brighton for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. East Sussex
  4. Brighton
  5. Ditchling Road