BN1 31 Ship Street, Brighton

A mid terrace property comprising a retail unit over ground floor and basement with a 1-bedroom maisonette above. The property is fully tenanted with the commercial element having a new lease completed in March 2025. The ground floor retail unit is let by way of an internal & shop front repairing lease of 10 years ending 18th March 2035 to Brighton Creamer LLP at a rent of £24,000 per annum exclusive, subject to a tenant only break option on 17th March 2030 and a rent review on 18th March 2030.

The landlord holds a rent deposit of £5,500. The residential element is subject to a regulated tenancy at a rent of £650 per calendar month.

The freehold interest is available to purchase for the sum of £425,000 with the benefit of the existing tenancies.

A purchase at the suggest level shows a net yield of 7.17% based on a purchaser's cost of 4.33% & the current income of £31,800 per annum.

The normal ID & proof of address will be required from all parties in the transaction.

Situated on the southern side of Ship Street on the edge of Brighton's famous Lanes, close to Duke Street, North Street & Union Street. Nearby occupiers include The Ivy & Ivy Asia, Browns, Pizza Pilgrims, Honest Burger & Fred Perry in addition to an array of other local and national eateries, retailers and pubs & bars.

FREEHOLD - £425,000

DESIRABLE CITY CENTRE LOCATION

RETAIL & RESIDENTIAL

RECENTLY COMPLETED NEW LEASE ON THE COMMERCIAL ELEMENT

7.71% NET YIELD