Duke Street

Brighton

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328 sq ft

£495,000

LOCATION
The property is located on the Southern side of Duke Street between Honest Burger & Ben's Cookies in Brighton City Centre. Brighton Seafront is a few minutes walk away, as is Churchill Square Shopping centre, whilst other nearby occupiers include Nandos, Browns, The Ivy & Montezuma Chocolates, along with a host of other independent occupiers.

DESCRIPTION
An attractive retail unit arranged over ground & first floor which trades as "The Croque Shop".
The Property is let to Pine Island Limited t/a The Croque Shop by way of a 15 year lease from 1st June 2009 at a rent of £30,000 per annum exclusive. 2 personal Guarantees have been provided & a 3 month rent deposit is held by the landlords.

ACCOMMODATION
Ground floor 173 sq ft (16.1 sq m)
1st floor 155 sq ft (14.4 sq m)


TERMS
Offers are invited for the freehold interest in the region of £495,000 subject to the existing tenancy which reflects a net yield after purchasers costs of 5.79%.

OUTGOINGS
Rateable Value £21,000
UBR APR 2019/2020 49.1p

LEGAL COSTS
Each side to pay their own legal costs.

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