Edward Street

Brighton

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Sold STC

1183 sq ft

£400,000

LOCATION
The subject property is situated on the Southern side of Edward Street Brighton, close to the junction with Upper Rock Gardens & Egremont Place. Located nearby are Queens Park as well Brighton College & American Express Headquarters adjacent to the Edward Street Quarter that is currently under construction to provide a large scale mixed use development. Brighton seafront is also on a short walk along with the City Centre.

DESCRIPTION
Public House arranged over ground & 1st floors &basement with a garden to the rear of 118 Edward Street. At present there is a bar area at ground floor & cellar in the basement with non self contained accommodation over comprising 4 bedrooms, kitchen & bathroom.

ACCOMMODATION
Ground Floor 620 sq ft (57.6 sq m)
Garden
Basement- not measured
1st Floor- Kitchen, Bathroom, 4 bedrooms 563 sq ft (52.30 sq m)


TERMS
Offers are invited in excess of £400,000 for the benefit of the freehold interest subject to the existing lease. The lease states a rent of £34,300 per annum however the tenant currently has a personal concession & pays a rent of £31,430 per annum plus VAT to the landlord.

OUTGOINGS
Rateable Value £20,000
UBR APR 2019/2020 49.1p

VAT
We are advised the property is elected for VAT however it is proposed that the sale will be by way of a TOGC.

LEGAL COSTS
Each side to pay their own legal costs.

VIEWING
Through Landlords agent Eightfold Property 01273 672999 or email max@eightfold.agency