Mixed Use Investment Property For Sale in Brighton, BN1

This property is marketed by:
Bonsors / SHW

Key Features

• Cranbourne Street is one of the city's principal retail thoroughfares
• Whole property let under unbroken FRI lease expiring 2043
• Producing a passing rent of £63,000 per annum
• Freehold investment
• 2 self-contained two-bedroom maisonettes
• Brighton is one of the dominant retail destinations in the South East
• The property comprises two interlinked mid-terrace four-storey buildings
• Potential for residential vertical extension

Description

The property comprises two mid terrace four-storey buildings that are interconnecting on the ground floor and basement. The commercial element of the two properties is arranged as a single ground floor restaurant with ancillary basement storage which includes pavement vaults. 16a comprises a ground-floor entrance hall and a two-bedroom maisonette arranged over the first and second floors. 17a comprises a ground-floor entrance hall and a two-bedroom maisonette arranged over the first and second floors.

Location

The property is prominently positioned on the northern side of Cranbourne Street, which is the main commercial thoroughfare connecting Churchill Square with the famous Brighton Lanes and one of the highest footfall areas in Brighton. Nearby occupiers on Cranbourne Street include a mix of well-known national occupiers and independent retailers, such as Tortilla, Timpsons, Urban Outfitters and Waterstones and Island Poke. Brighton railway station is located approximately 0.4 miles to the north, providing regular services to London Victoria, London Bridge, Gatwick Airport and along the South Coast.