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
