16 St. James Street, Brighton, East Sussex, BN2 1RF

Online auction 5th-6th October Tenanted Retail Unit – Currently Producing £14,500 pa Not inspected by Auction House, however understood to be a self-contained retail unit to the ground floor and basement, within a three storey plus basement, mid- terraced building, configured as a traditional mixed-use asset. The residential accommodation to the upper floors has been sold off via long leases, subject to peppercorn ground rents, and does not form part of this sale. The commercial aspect of the property is utilised as a conventional retail unit to the ground floor with ancillary retail space to the basement. The subject provides for a main open plan sales area to the front alongside several storage rooms, staff and WC facilities. Access to the basement is from the store area via an internal staircase. The basement has an office to the rear and basic stores to the front. The main sales accommodation has been fit out by the tenant to their own corporate specification to include suspended ceilings, fluorescent strip/pendant lighting, laminate floor coverings and partial perimeter racked shelving. To the rear of the main sales area lay various stores which are presented to a much more basic standard. The building occupies the majority of the site with a small yard provision to the rear elevation which is solely utilisable by the commercial occupants as a fire escape. The property doe…

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