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102 Gloucester Rd 691 SF 100% Leased Retail Building Brighton BN1 4AP $1,023,672 ($1,481.44/SF) 4.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent corner unit exposed to high levels of foot fall
- Shop part offered with vacant possession
- Includes a residential flat
- Unique opportunity with various income streams
- Three other income producing parts with combined income of £34,800 per annum
- Freehold For Sale - £765,000
EXECUTIVE SUMMARY
The property is situated in the heart of Brighton's famous North Laine area on the corner of Gloucester Road and Tidy Street.
This area is home to numerous independent cafes and shops, and just a short walk from Brighton railway station, The Lanes, the seafront and Churchill Square shopping centre.
The property is formed of four separate self contained parts. These comprise a corner retail shop, separate self contained ground floor unit, a basement unit and first floor flat one bedroom / studio flat.
Each unit has its own lockable separate access and WC.
This area is home to numerous independent cafes and shops, and just a short walk from Brighton railway station, The Lanes, the seafront and Churchill Square shopping centre.
The property is formed of four separate self contained parts. These comprise a corner retail shop, separate self contained ground floor unit, a basement unit and first floor flat one bedroom / studio flat.
Each unit has its own lockable separate access and WC.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
691 SF
Building Class
B
Year Built
1930
Price
$1,023,672
Price Per SF
$1,481.44
Cap Rate
4.55%
NOI
$46,567
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.05
Lot Size
0.35 AC
Frontage
51’ on Gloucester Road
AMENITIES
- Corner Lot
- Security System
- Signage
- Energy Performance Rating - B
- Smoke Detector
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NEARBY MAJOR RETAILERS
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102 Gloucester Rd
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