Description
This end-of-terrace property offers a prime, double-fronted commercial space on the ground floor, recently renovated and ideal for retail/office/cafe use, catering to a wide range of potential tenants.
Positioned within a bustling parade of shops that serve both the local community and surrounding areas, it is also surrounded by a vibrant residential neighbourhood.
The lease is available due to relocation and the space is ready for immediate occupancy.
Key Features
- Busy Local Trading Location
- Prominent Corner Building
- Eligible for Full Small Business Rates Relief (No Business Rates Payable)
- Lease Available - No Premium
Accommodation
The Ground Floor is arranged as follows:
- Internal Width: 21'3"
- Total Depth: 29'4"
Total Accommodation: 340 sq ft (31.6 m2)
Divided into three partitioned sections, this property boasts a well-designed layout that includes a fully equipped galley kitchen positioned at the rear. The interior is well-kept with contemporary conveniences such as fitted carpets, gas-fired central heating, stylish strip and spot lighting, and double-glazed windows.
Lease
A lease which runs for 12 Years ending on (and including) 30th October 2035 - Inside the Landlord and Tenant Act 1954, Part II (as amended).
Tenant-only Break Option (given 6 months' written notice) available every 3rd Year from the commencement of the lease (October 2026, October 2029 and October 2032).
Passing Rent: £10,500 per annum, exclusive (payable in advance on the usual quarter days).
Rent Review
£11,000 per annum, exclusive for the period 31st October 2025 to and including 30th October 2026.
Every third anniversary of that date thereafter (October 2029 and October 2032).
Repairing Liability
Full Repairing and Insuring by way of Service Charge contribution.
Business Rates
Billing Authority: Brighton & Hove
- Description: Shop and premises
- Rateable Value: £5,000.00
- Rates Payable:
- Valid from April 2023 (current)
Eligible for Full Small Business Rates Relief (SBRR) - https://www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief.
VAT
The property is not elected for VAT.
Legal & Professional Costs
By negotiation.
Viewing Arrangements
Strictly via prior appointment through Sole Agent Graves Jenkins (01273 701070).