For sale
Guide price*: £75,000
Main features
- Leasehold
- Use: Retail Property - High Street
- Floor area: 31 sqm
- A unique investment opportunity in Brighton East Sussex
- 30.8 Sq M
- Potential rent £9000 Per annum
- Prime postioned ground floor retail unit
Guide price*: £75,000
Unit 5, Wilmington Parade, Brighton, East Sussex, BN1 8JJ
A unique investment opportunity in Brighton East Sussex – Ground floor retail high street Unit 5 Wilmington Parade, Brighton.
This prime postioned ground floor unit is let to Hair salon LAUREN WALDER HAIR AND EXTENSIONS paying £6,500 annually on 10 year lease from 2017 ( break clause in 2023 was not excersized)
Currently underlet compared to local comparisons – rent to be increased at next review in line with current market to £9,000.00 per annum ( rent review due 2025)
To be sold on long lease of 125 years. Ground rent of £250 per annum.
Shop floor areas
Ground floor retail zone a 26Sqm
Ground floor internal storage 4.8Sqm
Total 30.8 Sqm
Wilmington Parade in Brighton offers a mix of residential and commercial properties, making it a convenient and vibrant place to reside or own. Its location within a bustling city known for its cultural richness and seaside charm adds to its appeal. Residents benefit from excellent amenities, good transport links, and a diverse, welcoming community.
Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation.
These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.
All dimensions/measurements are approximate.
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.