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170 North Street, Brighton, ESX

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170 North Street

Brighton, BN1 1EA

Property type:Retail Sub type:- Status:Existing Year built:1920
Building size:6,783 sq ft
For sale price:£2,100,000 Price:£309.60 sq ft
Yield:4.90 %
Features:Security System

The property comprises a mid terraced period building of masonry construction, circa 1900's. The property is located on the north side of North Street, close to Churchill Square shopping centre and the popular Lanes and North Laine area. The Theatre Royal and Royal Pavilion are also located nearby, along with public car parking facilities. The property is located within central Brighton, approximately 10 minutes’ walk from Brighton station (London Victoria: 50 minutes; Gatwick Airport: 30 minutes). Road communications to the city are via the A27 Brighton by-pass and the A23/M23 London Road.

Sale Notes:
We have been instructed to seek offers in excess of £2,100,000
(Two Million, One hundred Thousand Pounds) subject to contract
and exclusive of VAT for our client’s freehold interest.
A purchase at this price would show an investor an attractive
net initial yield of approximately 4.9%, reversionary to 5.95%
assuming normal purchasers costs of 6.3%.

Harmer Ray Hoffbrand LLP
Jack Brown

Ward Property Consultants
Richard Ward
020 7079 1202

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