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26a & 26b Station Road, Portslade, BN41 1GB

Offers in Region of
£275,000

£304.54 per sq ft

Business rates & charges may apply

Graves Son and Pilcher, East Sussex
SIZE AVAILABLE

903-2,483 sq ft

84-231 sq m

SECTOR

Commercial property for sale

Key features

  • Mixed Use Freehold Investment
  • Commercial unit and three self-contained two bed flats
  • Commercial thoroughfare
  • Close to Portslade Station

Description

Description
An opportunity to purchase this freehold investment property located in a prominent position in Station Road, Portslade. The accommodation is arranged as ground and lower ground floor retail unit (26a) and three self-contained two bedroom flats on the floors above (26b).

Location
Situated in Station Road, one of the main commercial thoroughfare’s in Portslade. Portslade mainline station is close by and within walking distance and traders include Londis, Superdrug, Tesco, and Specsavers.

Terms
Offers are invited in the region of the £275,000 for the freehold interest of the property (subject to existing tenancies):

Tenant Details
26a Station Road – Let to British Heart Foundation and held on an effective full repairing and insuring lease for a term of 10 years from March 2014. The tenant has been holding over since expiry. There is a personal concession to the Tenant; whilst the are in occupation the rent will be reduced from £20,000 per annum exclusive to £19,000 per annum exclusive until expiry.

26b Station Road – The rear yard, first, second and third floors are held under a long lease for a term of 150 years from 29 September 2004. The current rent is £100 per annum which doubles every 33 years, rising to £1,600 at expiry. The tenant is Aston Peel Ltd.

Brochures

26a & 26b Station Road, Portslade, BN41 1GB

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Portslade Station0.1 miles
  • Fishersgate Station0.5 miles
  • Aldrington Station1.1 miles

About Graves Son and Pilcher, East Sussex

51 Old Steyne, Brighton, BN1 1HU

Our dedicated agency team is committed to providing clients with a highly professional bespoke service on all types of commercial property matters including, disposals, acquisitions, business relocation etc. We have specialists in the retail/catering, offices, industrial/warehouse and investment/development sectors.

Our service to clients can be summarised as follows:

• Intimate and detailed local knowledge combined with in depth expertise.

• Highly motivated team with over 100 years combined frontline experience.

• Advice on sales, acquisitions, redevelopment appraisals and business relocation on both a freehold and leasehold basis.

• Advice on sale/letting of vacant premises, business transfer (going concerns) and property investment sales.

• Advice to both tenants and landlords alike.

• An unrivalled reputation for maximising rental income, sale proceeds and property assets and enjoy close liaison with our various other in house departments i.e residential, management, professional, rating and building surveying.

• Clients include both National companies and private individuals.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 304003-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Graves Son and Pilcher, East Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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