Lot 151: EIGHT PARKING SPACES IN THE CITY CENTRE

A rare opportunity to acquire eight parking spaces (seven suitable for cars and one space for a motor bike) within a walled compound in the heart of Brighton city centre.

They produce an excellent annual income and the opportunity for investment or owner occupation. The site is located to the rear of Braemar House in Norfolk Road which is situated just to the north of Western Road within close proximity of offices, shops and comprehensive local amenities.

Tenancy

At present seven of the spaces are let on licenses at a current rental of £14,559 per annum. The vacant space is let via parking apps. We have been informed by the seller that there is the potential for a total annual income of between £16,000 and £18,000.

Viewing

Interested applicants may view directly on site.

Tenure

Remainder of a 999 year lease from 25th March 1967 at a current ground rental of £100 per annum.