100 High Street, Rottingdean, Brighton, BN2 7HF
Property Features
- Prime Freehold Investment
- Popular Historic Village
- Overall income of £22,000 pax
- Imposing Corner Location
Property Summary
FREEHOLD INVESTMENT - This imposing corner property is situated on the busy junction of High Street and Steyning Road. The property consists of two ground floor shops, both of which are currently let and income producing.
Full Details
Location:
Situated in Rottingdean, which is a popular and coastal village located approximately four miles to the East of Brighton. Bordering Ovingdean, Saltdean and Woodingdean, this Historic village is a busy tourist location and is situated just meters away from the busy A259 coast Road. Popular occupiers in the village include Tesco Express, Co-Op and Costa Coffee, together with numerous independent retailers and eateries.
The premises can be found on Google Maps by typing in the following postcode BN2 7HF:
Description:
This imposing corner property is situated on the busy junction of High Street and Steyning Road. The property consists of two ground floor shops, both of which are currently let and income producing an overall income of £22,000 per annum, exclusive.
Accommodation:
The premises have the following approximate floor areas:
North Shop: 275sqft / 25.60sqm
South Shop: 356sqft / 33.10sqm
Total floor area: 631sqft / 58.70sqm
Tenure:
Freehold investment
Price:
Offers are invited in the region of £350,000 for the freehold interest.
Business Rates:
North Shop: The rateable value from April 2023 provided by the Valuation Office Agency is £4,850. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £2,420.15.
South Shop: The rateable value from April 2023 provided by the Valuation Office Agency is £6,200. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £3,093.80.
EPC:
The South shop has an EPC rating of C - 64.
The North shop has an EPC rating of D - 83.
VAT:
We are informed that VAT is applicable on the terms quoted.
Use:
We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal fees:
Each party is responsible for their own legal fees in this transaction.
Viewing:
Strictly by appointment with Sole Agents, Jacobs Steel.
Contact:
Leigh Doherty
Jacobs Steel - Commercial Manager
t: 01903 792785 e: leighdoherty@jacobs-steel.co.uk