This property is no longer on the market
Industrial development
Property description & features
- Tenure: Freehold
- Freehold £1,200,000
- Located in brighton city centre
- Let to mountain warehouse limited
- Income £86,800 pa
- Net yeild of 6.83%
The property occupies a prime position on Queens Road close to the junction of North Street and South of Brighton's main line station. Nearby occupiers include Boots, Run Company, Yi Fang Bubble Tea, Evans Cycles, ITSU and Trespass. Churchill Square is approximately 100 metres to the south with Brighton Seafront a little further beyond that and Brighton's Lanes a short walk to the east.
Based on a purchase price of £1,200,000 a purchase at this level would show a blended net yield of 6.83% after allowance of purchasers costs at 5.92%
Retail 126-127 Queens Road £85,000 PA - Let to Mountain Warehouse Limited on an EFRI lease for a term of 5 years from December 2022.
Residential ground rents £200 x 9 = £1,800 PA - 9 x residential flats sold off on 125 year leases from 2006.
Total Income £86,800 PA
Property information from this agent
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