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Substantial Mixed Use Investment For Sale Kemptown House 33 Mighell Street & 72 Carlton Hill, Brighton, BN2

Offices for sale

£1,200,000
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Total price
4036Sq Ft
Space

Summary

A substantial commercial investment comprising space totalling 4,036sqft (374.96sqm) producing currently £87,500pa

Location

The building is situated on the corner of Carlton Hill & Mighell Street adjacent to the new Amex building & Edward Street Quarter development that is taking shape, whilst the Circus Street Development is also nearby. The popular Queens park is a few minutes walk away as is Brighton City Centre & The seafront.

Viewings

Through Vendors agents Eightfold Property

Terms

Offers are invited for the Long leasehold interests of the 3 properties with a guide price of £1,200,000 The sale will be of a long leasehold interest to which a condition of which will include a transfer of 100% share capital in the holding company of the freehold. further details on request. A purchase at £1.2million based on an income of £87,500 would produce a gross yield of 7.3% & a net yield after purchaser's costs 6.88% .

VAT

We understand that the property is elected for VAT as such it is proposed that as the property is occupied the sale will be by way of a TOGC

GUIDE PRICE £1,200,000

MODERN BUILDING

CLOSE TO NEW EDWARD STREET QUARTER & CIRCUS STREET DEVELOPMENTS

GOOD TENANT MIX

INVESTMENT OPPORTUNITY

3 SELF CONTAINED OFFICE SUITES

GROSS YIELD 7.3%- NET YIELD 6.88% BASED ON CURRENT FULL OCCUPANCY

Listed Features

  • Modern Design
  • Parking
  • Development
  • Office
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Property Marketed By
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