135 Elm Grove, Brighton BN2 3ES

Location:

Located in the neighbourhood parade of Elm Grove, which is situated close to the busy thoroughfare of Lewes Road and within walking distance of Brighton Hospital and the Racecourse.

Description:

Situated on the corner of Elm Grove and Bonchurch Road, this three storey property is made up of a lower ground floor flat, which is sold off but benefits from a premium value due to having less than 40 years remaining. The ground floor is let to an office and income producing and the first floor flat is sold off on a 99 year lease. 

The ground floor commercial element is let and producing a rental income of £7,500 per annum, exclusive.

Accommodation:

The premises have the following approximate floor areas:

Ground floor: 389sqft / 36.14sqm

WC and Kitchenette

Total floor area: 389sqft / 36.14sqm

Tenure:

Freehold.

Price:

Offers are invited in the region of £200,000 for the freehold interest.

Business Rates:

The rateable value from April 2023 provided by the Valuation Office Agency is £4,650. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £2,320.35.

However, since the premises have a rateable value of lower than £12,000, occupiers can expect to benefit from 100% rate relief, subject to status.

EPC:

EPC has been requested.

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