135 Elm Grove, Brighton BN2 3ES
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- Situated on the corner of Elm Grove and Bonchurch Road
- Popular neighbourhood parade
- Lower ground floor flat with only 40 years remaining
- Potential to convert the ground floor (STNC)
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
