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Multi let Retail Investment

Brighton, United KingdomUnlock address

59%

£4.740.000

Retail

#11545

Core

3 Feb 2024

Property Details

Authorized representative

Deactivated

Leasable area

9.50 %

4

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.00 %

0.50 %

Investment Overview

Brighton is an affluent south east city. Situated on London Road which is a very busy retail and residential location. Modern building completed in 2014 which has a 351 student bed scheme above (in a separate ownership). Comprises three well configured retail units and a gym. 77% of the current income is secured to tenants rated as “Very Low Risk”. The ground floor and lower ground floors comprise three retail units and a gym. The units all provide clear open plan accommodation and could be sub-divided meaning that a flexible range of unit sizes could be accommodated. We understand that the property is elected for VAT. It is anticipated that the sale will be treated as a transfer of a going concern (TOGC).