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127 Kings Road, Brighton, BN1 2FA

Tenure: Freehold Type: Investment Retail, Residential

Price: £450,000

Horsham

Andrew Algar

Commercial Director

Full description

A PRIME SEAFRONT BUILDING COMPRISING A LET RESTAURANT & 5X LONG LEASEHOLD FLATS (PLEASE NOTE, THE FLATS ARE NOT INCLUDED IN THE SALE). A five-storey period building with direct sea views over Brighton seafront. The commercial aspect comprises a fitted restaurant arranged over lower ground floor, part ground and part first floors and a single garage to the rear. The floors above the commercial accommodation comprise of five self-contained flats, which have been sold off on long leasehold interests on terms between 99 to 189 years. The commercial aspect is let to The Future Is Vegan Ltd, a vegan fish and chip shop restaurant trading as No Catch www.nocatch.co The commercial lease which expires on the 31st of July 2026 is excluded from Security of Tenure under Part II of the 1954 Landlord & Tenant Act. Notes on long leasehold flats - There are approximately 52 years remaining on Flats 4 & 5, and 51 years remaining on Flat 2.