Heart & Hand, 75 North Road, Brighton, BN1 1YD | Property for sale | Savills
1,053 sq ft(97.83 sq m)
Excess of £535,000(฿23,645,542)

Heart & Hand75 North Road, Brighton, BN1 1YD

  • Under offer
  • Freehold

Key features

  • Entire property let to a private individual
  • Property arranged over four levels
  • Current rent of £39,480 per annum
  • Lease expires June 2031
  • The rent is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year)
  • We are instructed to invite offers in excess of £535,000 (7.0% NIY)
  • Business unaffected by sale

Freehold public house investment for sale let until June 2031 at a rent of £39,480 per annum

About this property

  • Description
    The property comprises the ground, basement, first and second floors of a three storey end of terrace building with painted, rendered and tiled elevations beneath a pitched roof.

    Virtual Tour
    Please see the link below to access the virtual tour for the Pub:
    https://vt.ehouse.co.uk/2ZKprXcQ3Sv

    Tenure
    The property is held freehold (Title Number ESX251210).

    Tenancy
    The entire property is let to a private individual on a lease expiring 30 June 2031 at a current rent of £39,480 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £9,217 is held by the landlord.

    Planning
    The property is not listed but is situated within North Laine Conservation Area.

    VAT
    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

    EPC
    C - 64

    Terms
    We are instructed to invite offers in excess of £535,000 (7.0% NIY) assuming the usual purchasers costs.

    Fixtures and Fittings
    The fixtures and fittings are currently owned by the occupational tenant.

    Money Laundering
    Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewings
    All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

    For further information and all viewing requests please contact the sole selling agents Savills.

Local information

  • Located in the seaside city of Brighton in the county of East Sussex, 22.2 miles (35.5 kilometres) west of Eastbourne and 33.2 miles (53.1 kilometres) south of Tunbridge Wells.
  • The Hart and Hand is situated at the intersection between North Road and Upper Gardner Street in the North Laines area of Brighton City Centre. The surrounding properties comprise a wide range of pubs, restaurants, cafes and independent retailers.

Available space

Namesq ftsq mAvailability
Basement41738.74Coming Soon
Ground63659.09Coming Soon