Arundel Court, Arundel Road, Brighton, BN2 5TX

£190,000

Request a callback
Property Summary

Arundel Court is a large Art Deco building on the east side of Kemp Town. The property comprises of 2 x self contained retail units to the ground floor, currently being run as a barber shop and launderette. The remaining 10 x residential flats have all been sold off on long leases. To the rear of the property is a communal garden.

Rents 55b Arundel Court is let on a 7 year lease, beginning 1st December 2018, expiring 31st November 2025. Current rent £10,000 pa.
55c Arundel Court is let from and including 22nd March 2023 to and including 21st March 2033. Current rent £10,000 pa

Ground Rents FLAT 1 - Current rent - Peppercorn
FLAT 2 - Current rent - £100.00 pa doubling every 33 years
FLAT 3 - Current rent - £100.00 pa doubling every 25 years
FLAT 4 - Current rent - £50.00 pa doubling every 33 years
FLAT 5 - Current rent - £100.00 pa doubling every 33 years
FLAT 6 - Current rent - £100.00 pa doubling every 33 years
FLAT 7 - Current rent - Peppercorn
FLAT 8 - Current rent - Peppercorn
FLAT 9 - Current rent - Peppercorn
FLAT 10 - Current rent - £100.00 pa doubling every 33 years

lot type

Commercial Investment

situation

The property is situated in the popular Kemp Town area of Brighton, the immediate vicinity is characterised by a mix of residential and retail. The Royal Sussex County Hospital close by to the east. Nearby occupiers include Lidl supermarket and Dominos Pizza, along with numerous independent retailers.
Tenure - Freehold
EPC Rating 55b - D; 55c - C

accommodation

55b - 41 sq m
55c - 43 sq m
Rateable Value 55b - £7,200
55c - £7,800
Lease Term FLAT 1 - 189 years from 25.12.1986
FLATS 2 - 99 years from 25.12.1986
FLAT 3 - 189 years from 25.03.1988
FLAT 4 - From 17.4.2012 to 16.04.2137
FLAT 5 - From 25.12.1986, expires 24.12.2175
FLAT 6 - From 25.3.1986, expires 24.3.2175
FLAT 7 - From 19.10.2023, expires 24.12.2175
FLAT 8 - From 18.10.2023, expires 15.07.2204
FLAT 9 - 189 years from 25.12.1986
FLAT 10 - 99 years from 25.12.1986

private treaty - sale status

SOLD BY AUCTION 2025

type

Freehold Investment Including 2 x Commercial Units - Producing £20,550 pa

description

Arundel Court is a large Art Deco building on the east side of Kemp Town. The property comprises of 2 x self contained retail units to the ground floor, currently being run as a barber shop and launderette. The remaining 10 x residential flats have all been sold off on long leases. To the rear of the property is a communal garden.

Rents 55b Arundel Court is let on a 7 year lease, beginning 1st December 2018, expiring 31st November 2025. Current rent £10,000 pa.
55c Arundel Court is let from and including 22nd March 2023 to and including 21st March 2033. Current rent £10,000 pa

Ground Rents FLAT 1 - Current rent - Peppercorn
FLAT 2 - Current rent - £100.00 pa doubling every 33 years
FLAT 3 - Current rent - £100.00 pa doubling every 25 years
FLAT 4 - Current rent - £50.00 pa doubling every 33 years
FLAT 5 - Current rent - £100.00 pa doubling every 33 years
FLAT 6 - Current rent - £100.00 pa doubling every 33 years
FLAT 7 - Current rent - Peppercorn
FLAT 8 - Current rent - Peppercorn
FLAT 9 - Current rent - Peppercorn
FLAT 10 - Current rent - £100.00 pa doubling every 33 years