This corner property is situated on the South side of Gloucester Road at its junction with Queen's Gardens in an established trading location within the town.
The property is close to Brighton Train Station and the pedestrianised Kensington Gardens which is home to a range of local traders.
The property is arranged on basement, ground and two upper floors to provide a ground floor shop currently trading as a café with a basement kitchen. The upper parts comprise a flat which has been sold off on a long lease
VAT is not applicable to this lot.
Total Current Rents Reserved £27,500 p.a
Buyers Fee -The successful purchaser will be required to pay the auctioneers administration fee of £600 inclusive of VAT. Other additional costs/fees may apply please see Special Conditions of Sale.
This auction lot is now closed.
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|No.||Present Lessee||Accommodation||Terms of Lease Agreement||Current Rent £ p.a||Next Review / Reversion|
|36||La Choza Mexican
Street Food Ltd (1)
|Gross Frontage (inc Splay)
42.00 sq m
29.50 sq m
(452 sq ft)
(318 sq ft)
|10 years from 09.05.2017
|£27,500 p.a.||Reversion 2027|
|36a||Individuals||First and Second Floor Flat||189 years from 25.03.1982||Peppercorn||Reversion 2171|
|Total £27,500 p.a.|