Property for sale
Property description & features
- Tenure: Leasehold (125 years remaining)
- 7888
- 125 year Long Leasehold
- Tenanted Retail Unit
- Annual income of £8,500.
- Rare opportunity on Wilmington Parade,
- Brighton
unit, producing an annual income of £8,500.
We consider the Property to be under rented when
compared to the local market, and we believe there
is an opportunity to increase the rent upon reversion.
The Property is for-sale on a Long Leasehold basis,
with an annual ground rent of £250.
Wilmington Parade is a strong location, which rarely
sees opportunities such as this come to the market.
The Property is currently tenanted by a hair salon and is producing an annual gross income of £8,500 per annum, this breaks back to
circa £708 per month, and £12.9 per sq. ft. per annum.
The Property has been under the same ownership since the 1950’s and has lacked active management.
We have had regard for the below comparable evidence, and consider therefore that the Property is currently under rented, and as
such, the annual rental income could be increased at reversion (subject to contract).
Places of interest
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*DISCLAIMER
Property reference XLC-14048996. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by VC Estates - Uckfield.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on May 12, 2023
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: obtained from Ofcom on May 12, 2023
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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