109-110 Western Road Brighton East Sussex BN1 2AA

109-110 Western Road
Brighton
East Sussex
BN1 2AA

Freehold Retail and Residential Investment

Three retail units and three recently developed residential flats
Prominent corner position some 300 metres from Brighton beach, adjacent to an affluent residential square
Busy city centre location with nearby occupiers including Waitrose, Leaders Estate Agents and The Temple Public House
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
6
Auction
26th March 2015
Rent
£53,071 per Annum Exclusive
Status
Sold
Price
£1,300,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Joint LPA Receivers

Important Update Interested?

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Freehold Retail and Residential Investment

Three retail units and three recently developed residential flats
Prominent corner position some 300 metres from Brighton beach, adjacent to an affluent residential square
Busy city centre location with nearby occupiers including Waitrose, Leaders Estate Agents and The Temple Public House
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 6
Auction 26th March 2015
Rent £53,071 per Annum Exclusive
Status Sold
Price £1,300,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Joint LPA Receivers

Property Information

Location

Miles: 12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads: A23, A270, A27, M23 (Jct 11)
Rail: Brighton Railway Station (55 mins to London Victoria)
Air: London Gatwick Airport

Situation

The property is situated in a prominent corner location on the southern side of the Western Road, at its junction with Norfolk Square and approximately 300
metres north of Brighton beach. Nearby occupiers include Waitrose, Fox & Sons and Leaders Estate Agents.

Tenure

Freehold.

Location

Miles: 12 miles east of Worthing, 21 miles west of Eastbourne, 54 miles south of Central London
Roads: A23, A270, A27, M23 (Jct 11)
Rail: Brighton Railway Station (55 mins to London Victoria)
Air: London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises three ground floor retail units. 109 Western Road benefits from additional ancillary accommodation on the first and second floors whilst No. 109a and No. 110 benefit from basement accommodation. The first, second and third floors above No. 110 provide three recently developed self- contained one bedroom residential flats.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide
identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
109	Ground First Second	Retail/Ancillary Ancillary Ancillary	22.60 sq m 37.10 sq m 50.70 sq m	(243 sq ft) (399 sq ft) (546 sq ft)	INDIVIDUALS (t/a Brighton Internet Laptop & Phone Centre)	15 years from 09/04/2009 until 08/04/2024	£18,071	09/04/2014 and 09/04/2019
109A	Ground Basement	Retail Ancillary	14.20 sq m 7.90 sq m	(153 sq ft) (85 sq ft)	ARUN ESTATE AGENCIES LIMITED (1) (t/a Cubitt & West)	Approximately 7 years from 25/10/2012 until 24/09/2019	£35,000	25/10/2017
110	Ground Basement	Retail/Ancillary Ancillary	71.00 sq m 35.80 sq m	(764 sq ft) (385 sq ft)	ARUN ESTATE AGENCIES LIMITED (1) (t/a Cubitt & West)	Approximately 7 years from 25/10/2012 until 24/09/2019	£35,000	25/10/2017
110	First	Residential	1 Bedroom		VACANT POSSESSION
110	Second	Residential	1 Bedroom		VACANT POSSESSION
110	Third	Residential	1 Bedroom		VACANT POSSESSION
Totals			239.30 sq m	(2,575 sq ft)			£53,071

1) For the year ending 30th September 2014, Arun Estate Agencies Limited reported a turnover of £69,655,000, pre-tax profits of £18,548,000 and a total net worth of £36,701,000. (Source: www.riskdisk.com 30/01/2015)