Popular pedestrianised thoroughfare in the heart of Brighton city centre
Nearby occupiers include Nando's, Whistles, William Hill, Nationwide Building Society and Lloyds Bank
Six Week Completion Available
Lot 14
Auction 9th December 2010
Rent £59,000 per Annum Exclusive
Status Sold
Price £945,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
22 miles south of Crawley
53 miles south of London
Roads
A27, A23, A270, A259, M23
Rail
Brighton Railway Station (55 minutes to London Victoria)
Air
London Gatwick (22 miles)
Situation
The property is situated on the southern side of Duke Street, a popular pedestrianised thoroughfare linking West Street and the Churchill Square Shopping Centre with the Lanes. Nearby occupiers include Nando's, Whistles, William Hill, Lloyds Bank and Nationwide Building Society.
Tenure
Freehold.
Location
22 miles south of Crawley
53 miles south of London
Roads
A27, A23, A270, A259, M23
Rail
Brighton Railway Station (55 minutes to London Victoria)
Air
London Gatwick (22 miles)
Situation
The property is situated on the southern side of Duke Street, a popular pedestrianised thoroughfare linking West Street and the Churchill Square Shopping Centre with the Lanes. Nearby occupiers include Nando's, Whistles, William Hill, Lloyds Bank and Nationwide Building Society.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with a further customer seating area on the first floor and STORAGE and STAFF ACCOMMODATION on the second floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with a further customer seating area on the first floor and STORAGE and STAFF ACCOMMODATION on the second floor.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First Second
Retail Ancillary/Storage Staff/Storage
35.34 sq m 32.63 sq m 19.36 sq m
(381 sq ft) (351 sq ft) (208 sq ft)
WEST CORNWALL PASTY CO LTD (1)
15 years from 14/11/2002 on a full repairing and insuring lease
£59,000
14/11/2012 (13/11/2017)
Totals
87.33 sq m
(940 sq ft)
£59,000
(1) For the year ending 27th February 2009, West Cornwall Pasty Co Ltd reported a turnover of £24,967,000, pre-tax profits of £325,000 and a total net worth of £1,626,000. (Source: www.riskdisk.com 26/10/2010)NB This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability
