49-50 Providence Place Brighton BN1 4GE

Location

Type Investment
Terms For SaleInvestment income
Tenure Leasehold
Size 2422 sq ft
Price Offers invited in the region of £895,000
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Description

• Let to an NEO Orthodontics Ltd on a lease expiring 2030 (no breaks)

• NEO are THE largest provider of orthodontic services in the South East and are backed by long term NHS contracts across all of their sites

• NEO have paid rent in full across all their sites throughout the Pandemic

• Recently fitted-out accommodation extending to 225 sq m (2,422 sq ft)

• Situated just off London Road, 0.75 miles from the seafront

• Occupiers close by include Costa Coffee, Santander, Sainsbury’s & McDonalds and London Road multi storey car park

• 350 metres from Brighton Rail Station

• VAT is applicable

• For sale. Offers invited in the region of £895,000 reflecting a NIY of approx 6.35% after allowing for purchase costs of 5.63

Long leasehold for a term of 999 years from 05.03.2020 at a peppercorn rent.