Retail premises for sale in Duke Street, Brighton BN1
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Property description
Key Points
Description
A very well located city centre investment, the building is arranged over five floors, offering a great company profile, with a new letting having just been completed, the premises have just undergone a full refurbishment by the new tenant.
The building has recently been let for £37,500pax on a new 10 Year Fri lease from June 2024, with 5 year break option and upward only open market rent review.
Location
Located just off West Street across from Churchill Square shopping centre, Duke Street is in the heart of the city centre of Brighton, leading down into Ship Street and the famous Lanes. Nearby occupiers include Nationwide, Tortilla, Nando's, The Ivy, The Ivy Asia, Browns & Rush Hair as well as a host of other independent traders.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £575,000 for the freehold interest, subject to the existing lease in place. A purchase at this level would reflect a niy of 6.21% after purchase costs.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Newlands Property - Commercial, BN1 on +44 1273 283224 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Newlands Property - Commercial, and do not constitute property particulars. Please contact Newlands Property - Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.