No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers in region of£285,000 | 340 sq ft
Added > 14 days

Property for sale

Hollingbury Place, Brighton BN1
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Property
0 bed
0 bath
340 sq ft / 32 sq m

Property description & features

  • Ideal Freehold Investment
  • Busy Trading Location
  • Prominent Corner Building
  • Fully Let and Income Producing - £19,800pa rising to £21,800pa in 2026
An impressive two-storey corner freehold property forming part of a Parade of shops serving the
local community and beyond.

Fully let and income producing from ground floor commercial lease, residential tenancy over, plus
forecourt and rear yard area.

Ground Floor - Gross Window and Side Frontage: 28ft
Internal Width: 21'3"
Total Shop Depth: 29'4"

Total Commercial Accommodation: 340 sq ft (31.6 m2)

Divided into three partitioned sections, this property boasts a well-designed layout that includes a
fully equipped galley kitchen positioned at the rear. The interior is well-kept with contemporary
conveniences such as fitted carpets, gas-fired central heating, stylish strip and spot lighting, and
double-glazed windows.

In addition, a practical rear courtyard area accompanies the flat, adding an extra dimension of
utility and charm to the space.

Residential Accommodation With Self-Contained Acce -

First Floor - Living Room: 10 '19" x 10' 01" - with bay window overlooking Hollingdean Place.
Kitchen: 13' 38" x 9' 95" - galley kitchen fitted with floor cupboards.
Bathroom: 8' 6" x 4' 85" - fitted with bath, WC and sink.
Bedroom: 11' 82" x 11' 06" - with a large window at the rear of the property

Tenancy Information -

Ground Floor - Commercial ground floor - leased to Brighton Funeral Directors Ltd trading as Brighton Family
Funeral Services on a lease for a term of 12 years from October 2023 at a rent of £9,000 per
annum, exclusive, rising to £11,000 per annum, exclusive in 2026.

Tenant to hold the option to determine the lease at the anniversary every 3rd Year - subject to
the tenant giving no less than 6 months' written notice.

The lease is inside the Landlord and Tenant Act 1954 - Part II (as amended).

First Floor - Residential first floor - let on a Shorthold Tenancy at £900 per calendar month - £10,800 per
annum.

Total Current Rental Income: £19,800pa rising to £21,800pa in 2026.

Terms Of Sale - Price - offers invited in excess of £300,000 (three hundred thousand pounds), for the freehold
interest and subject to any current tenancies and income.
A purchase at this level would provide for a Gross Initial Yield of 5.66% rising to 6.23% in 2026.

Business Rates - Billing Authority: Brighton & Hove

- Description: Shop and Premises
- Rateable Value: £5,000.00
- Rates Payable:
- Valid from: April 2023 (current)

VAT

The property is not elected for VAT.

Location - This property is located on a prominent corner of Hollingbury Place and Hollingdean Terrace,
within a bustling local parade of shops, food establishments, and offices that cater to the needs of
the surrounding community. Among the current occupiers are Blakes Post Office, Harpers
Pharmacy, Mulberry's off licence, and a popular fish and chip shop, among others.
Hollingbury is primarily a densely populated residential suburb of Brighton, conveniently situated
near the main A270 Lewes Road. Additionally, the property is within walking distance of the
vibrant Fiveways area and Ditchling Road, both of which are popular destinations for locals and
visitors alike.

Property information from this agent

Places of interest

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    Aston Vaughan - we’re raising the bar Created by award winning owners and directors Talitha Burgess, David Vaughan and Justin Webb, Aston Vaughan fuses lettings, sales and site development for a comprehensive service focused entirely on you and your needs. Bringing 60 years of collective experience, extensive contacts both local and international and a hand- picked, dedicated team, we attract the best homes available to buy or to let in the vibrant city of Brighton and Hove, along the Southeast coast - and beyond. We reach the right buyers or tenants for you, wherever they are, through strategic, targeted campaigns that put your property firmly in the spotlight. A one stop shop, our lettings team specialise in professional, family and student accommodation, including professional house share, and we like to get to know the people and the properties we look after. We answer any contractual queries, guide you on regulation compliance, and multi- landlord services include setting up and renewing tenancy agreements. Our dedicated sales department can help to find your dream home, from the precious first buy to the luxury mansion. We can answer queries re auctions or commercial properties, and can advise on value, planning and site development. We believe in forming a professional relationship with our clients, so we understand exactly what you want and with good local contacts, we can recommend solicitors and independent financial advisors. Our dynamic, creative marketing with professional photography and clear copy captures attention, and we firmly believe in being a valuable asset to our clients during the sales, lettings or investment process offering continuity, accuracy and accountability in all transactions. Aston Vaughan aims to be your first choice of agent - whenever you need us. Talitha Burgess: National Landlords Association Young Woman in Property of the Year David Vaughan: Regional & National Awards for Best Estate Agent in the UK Justin Webb: Real estate finance and BTR, PRS and residential development lawyer, SRA

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.