TypeRetail Investments · Ground Rents

BN43 46 Brunswick Road, Shoreham-By-Sea

TenureFor sale

46 Brunswick Road, Shoreham-By-Sea, BN43 1/3

Specification

Building size
Building size 1,198 sqft
Property type
Property type Retail Investments · Ground Rents
Tenure
Tenure For sale

Description

The restaurant unit is let to an owner operator, under the terms of an effective full repairing and insuring lease for a term of 25 years from 24 January 2008, expiring 23 January 2033.

The passing rent is £35,000 per annum and subject to five yearly upward only rent reviews, with the next review in January 2028.

The upper parts are sold off by way of 150 year leases dated 25 March 2008 paying a combined ground rent of £1,000 per annum.

The property is elected for VAT.

The property comprises a mixed retail and residential building, formerly known as the Burrell Arms Public House and arranged over five storeys.

The retail unit is configured over the ground floor with basement storage, and with five individual flats located over the upper three floors.

Location

The property is situated in a prominent corner position, directly opposite Shoreham mainline railway station at the junction of Brunswick Road and Station Approach.

Shoreham is a busy coastal town with excellent links to Brighton, Portsmouth, Chichester and London.

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