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33 Mignell St - Kemp Town House 700 sq ft Medical Unit Offered at £210,000 in Brighton BN2 0JF
Investment Highlights
- Price: £210,000
- Legal fees: Each party to bear their own costs
- VAT: Applicable. It is proposed the purchase will be by way of TOGC.
Executive Summary
The building is situated on the corner of Carlton Hill & Mighell Street adjacent to the Amex building & Edward Street Quarter development where occupiers include Knights solicitors, Octopus Energy & Natwest. The Circus Street Development is also nearby where tenants include South East Dance. whilst the popular Queens Park is a few minutes walk away to the east whilst the the City Centre is to the ease & seafront to the south.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold/Long Leasehold |
| Net Initial Yield | 7.14% |
| Sale Type | Investment |
| Net Initial Yield | 7.14% |
| Tenure | Freehold/Long Leasehold |
Description
A self contained ground floor space that is used as consulting rooms & let to Rooms For Therapists Limited on a lease term expiring 4th June 2029 who pay a rent of £15,000 pa exclusive. We understand there is a 3 month rent deposit held by the landlord. The building was constructed in approximately 2018. The tenant operates a therapy room business where operators are able to hire rooms on an hourly basis. The tenants have been in situ since 2019 & did not operate the break clause in 2024.
Sale Notes
For Sale by way of a long leasehold interest for a term of 999 years from 2018 with the bene t of the existing tenancy. A price of £210,000 is suggested & a purchase at this level would show a gross yield of 7.14% & net yield after purchasers costs of 6.98%.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 72 | 700 sq ft | Medical | £210,000 (£300.00/sq ft) | £14,994 |
Unit 72
| Unit Size |
| 700 sq ft |
| Unit Use |
| Medical |
| Price |
| £210,000 (£300.00/sq ft) |
| NOI |
| £14,994 |
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Unit 72
| Unit Size | 700 sq ft |
| Unit Use | Medical |
| Price | £210,000 (£300.00/sq ft) |
| NOI | £14,994 |
| Sale Type | Investment |
| Net Initial Yield | 7.14% |
| Tenure | Freehold/Long Leasehold |
| Description | |
| A self contained ground floor space that is used as consulting rooms & let to Rooms For Therapists Limited on a lease term expiring 4th June 2029 who pay a rent of £15,000 pa exclusive. We understand there is a 3 month rent deposit held by the landlord. The building was constructed in approximately 2018. The tenant operates a therapy room business where operators are able to hire rooms on an hourly basis. The tenants have been in situ since 2019 & did not operate the break clause in 2024.</li></ul> | |
| Sale Notes | |
| For Sale by way of a long leasehold interest for a term of 999 years from 2018 with the bene t of the existing tenancy. A price of £210,000 is suggested & a purchase at this level would show a gross yield of 7.14% & net yield after purchasers costs of 6.98%.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 21,690 sq ft | Floors | 4 |
| Property Type | Office (Unit) | Typical Floor Size | 5,423 sq ft |
| Property Subtype | Medical | Year Built | 2018 |
| Costar Property Class | B | Total Plot Size | 0.12 ac |
| Total Property Size | 21,690 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 5,423 sq ft |
| Year Built | 2018 |
| Total Plot Size | 0.12 ac |
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1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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33 Mignell St - Kemp Town House
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