13 Hollingbury Place, Brighton

13 Hollingbury Place,
Brighton, East Sussex, BN1 7GE

For Sale
Investment

£500,000

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Substantial Mixed Use Investment Opportunity with Asset Management Potential

Location

Hollingbury Place is a popular neighbourhood shopping parade, known locally as ‘The Dip’, serving the heavily populated residential area of Hollingbury. Situated to the north of Brighton City centre, Hollingbury Place is accessed from Hollingbury Road and lies within approximately half a mile of the Five Ways junction of Ditchling Road and Preston Drove. Hollingbury Place hosts a selection of independent shops including an off license, funeral directors, fish and chip shop, café and youth centre. Access to the A27 and motorway network is to the north via Ditchling Road. Brighton is located on the southcoast of England situated in between the coastal towns of Worthing (13 miles west) & Eastbourne (24 miles east).

A location plan and street view can be viewed online through Google Maps by typing in the following postcode: BN1 7GE.

Description

The property is situated on the main neighbourhood parade in Hollingbury Place. The building is a two storey end of terrace property which is made up of a ground floor retail / office premises with self contained access to two flats (1x one bedroom and 1x two bedroom) above. The office / retail premises on the ground floor benefits from being well presented with front sales / office area leading to further kitchen and store room at the rear. Internally the property benefits from carpeted flooring, LED lighting, 15ft shopfront, roller shutter to front and has its own individual gas, water and electric supply. The residential flats, which are self contained and accessed via the side of the property are currently let on standard AST Agreements and are currently producing £22,200 per annum. There is potential to increase the overall income and copies of existing leases are available to serious applicants upon request.

Accomodation

Name/FloorSq FtSq MPriceAvailability
Ground Main Retail Area41338.37On ApplicationAvailable
Ground Rear Retail Area19317.93On ApplicationAvailable
Ground Kitchen635.85On ApplicationAvailable
Ground Rear Office / Store817.53On ApplicationAvailable
1st Flat One - Bathroom484.46On ApplicationAvailable
1st Flat One - Kitchen373.44On ApplicationAvailable
1st Flat One - Lounge888.18On ApplicationAvailable
1st Flat One - Bedroom827.62On ApplicationAvailable
1st Flat Two - Bathroom322.97On ApplicationAvailable
1st Flat Two - Lounge / Kitchen16715.51On ApplicationAvailable
1st Flat Two - Bedroom One686.32On ApplicationAvailable
1st Flat Two - Bedroom Two19317.93On ApplicationAvailable
Total1,465136.10 

Terms

The property is available freehold subject to the aforementioned tenancies.

Business Rates & Council Tax

According to the VOA (Valuation Office Agency) the ground floor has a Rateable Value of £6,800 as of 1st April 2023.

The residential flats have a Council Tax Band of A

Summary

  • Situated in Brighton, East Sussex
  • Comprises of Ground Floor Shop / Office, 1x 1 Bedroom Flat & 1x 2 Bedroom Flat
  • Corner Location in Prominent Parade
  • Currently Producing £33,200 Per Annum
  • Potential To Increase Rents / Break Up
  • Separate Utility Supplies to Each Unit