24 Duke Street, Brighton
Property Features
- City Centre Location
- New 10 Year Lease
- Producing £37,500PAX
Property Summary
OIRO £575,000 FH
Full Details
A very well located city centre investment, the building is arranged over five floors, offering a great company profile, with a new letting having just been completed, the premises have just undergone a full refurbishment by the new tenant.
The building has recently been let for £37,500pax on a new 10 Year FRI lease from June 2024, with 5 year break option and upward only open market rent review.
Location
Located just off West Street across from Churchill Square shopping centre, Duke Street is in the heart of the city centre of Brighton, leading down into Ship Street and the famous Lanes. Nearby occupiers include Nationwide, Tortilla, Nando's, The Ivy, The Ivy Asia, Browns & Rush Hair as well as a host of other independent traders.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £575,000 for the freehold interest, subject to the existing lease in place. A purchase at this level would reflect a NIY of 6.21% after purchase costs.
Available Area
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| basement | 224 | 20.81 | Sold |
| g | 226 | 21 | Sold |
| 1st | 242 | 22.48 | Sold |
| 2nd | 256 | 23.78 | Sold |
| 3rd | 217 | 20.16 | Sold |
| Total | 1,165 | 108.23 |