Freehold Town Centre Building for Sale

FREEHOLD TOWN CENTRE BUILDING FOR SALE 34-35 Station Road, Portslade By Sea, BN41 1HR LOCATION DESCRIPTION: Portslade is located in the Sussex Coast and The subject property comprises part freehold and forms part of the Brighton conurbation, lying part leasehold bank premises. some 3km to the west of Brighton town centre. The freehold element provides a building of three Portslade’s retail area is a popular location with a storeys of brick construction, benefitting from glazed broad mix of local to national retailers. The area frontage. The first floor provides ancillary space, is served by Portslade railway station, linking the whilst the second floor (accessed via hatch and town to London, Brighton, Portsmouth and ladder) is currently used for plant. Southampton. There are also several bus routes serving the local community. The leasehold element provides ground floor retail space with extensive glazing, including return SITUATION frontage to Franklin Road. The property is centrally located on the busy It is our client’s intention to separate the Leasehold thoroughfare of Station Road/Boundary Road and Freehold elements, although the combined unit which is the boarder of Portslade and Hove. The may be available if required. subject premises has return frontage to Franklin Road. TENURE The local area provides a mix of local and 34 Station Road – Freehold national retailers including Tesco Metro, Boots, Superdrug, Peacocks and Iceland. 35 Station Road – Leasehold, held on a 10 year lease from 17 January 2013 at a passing rent of £12,500 per annum. Further details on request ACCOMMODATION VAT The unit extends to the following approximate Net The property is not elected for VAT Internal floor areas: LEGAL COSTS 34 Station Road - Freehold Each party is to be responsible for their own legal costs. Sales Area: 704 sq ft / 65.44 sq m Ground Floor Ancillary 98 sq ft / 9.10 sq m PROPOSAL First Floor Ancillary: 462 sq ft / 42.92 sq m We are instructed to seek unconditional offers in excess of Second Floor Ancillary: 386 sq ft / 35.85 sq m £170,000 for the Freehold interest of the above property, (Ground Floor (ITZA): 478 sq ft / 44.39 sq m) excluding standard purchaser’s costs. TOTAL NIA: 1,650 sq ft (153.31 sq m) The leasehold element may be made available by way of an assignment of the existing lease. 35 Station Road – Leasehold Sales Area: 469 sq ft / 43.61 sq m VIEWING AND FURTHER INFORMATION (Ground Floor (ITZA): 413 sq ft / 38.37 sq m) Branch staff should not be approached for access. All viewings TOTAL NIA: 469 sq ft (43.61 sq m) are to be made by appointment through Sole Agents GL Hearn. Adam Hanline Benjamin Davies +44 (0)20 7851 2157 +44 (0)7927 563 196 RATES [email protected] [email protected] The unit in its entirety has the following assessment, but will require reassessing upon separation. Rateable Value £24,798 UBR 0.504 Rates Payable £12,498 Interested parties should verify these figures with the Local Authority. PLANNING: The unit currently benefits from A2 planning use. Other uses may be suitable, subject to all necessary consents and planning. ENERGY PERFORMANCE CERTIFICATE 34-35 Station Road - ‘C - 71’ Important Notice 1. This information is intended as a general outline only for the guidance of intending purchasers and does not constitute an offer or contract, or part of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct. Intending purchasers should not, however, rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to their correctness. 3. No person in the employment of GL Hearn Ltd has any authority to make or give any representation or warranty whatsoever in relation to any of these properties. 4. Unless otherwise stated, prices or rents quoted are exclusive of VAT. April 2019 Portslade Experian Goad Plan Created: 11/02/2019 50 metres Created By: G L Hearn Copyright and confidentiality Experian, 2017. © Crown For more information on our products and services: copyright and database rights 2017. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011 Poweredby TCPDF (www.tcpdf.org).

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