Summary - 31 SHIP STREET BRIGHTON BN1 1AD
1 bed 1 bath Commercial Property
Central freehold with immediate income and 8.04% guide net yield.
Freehold mixed-use: ground-floor retail plus one-bedroom maisonette
A compact mixed-use freehold in the heart of Brighton’s central retail district, offered with both commercial and residential income in place. The ground-floor retail unit benefits from recent lease commencement (March 2025) at £24,000pa, a five-year tenant break option in March 2030, and a held rent deposit of £5,500. The one‑bed maisonette above is separately let on an assured tenancy at £650pcm, producing a combined income of £31,800pa and a guide net yield of 8.04% at the asking price.
The property’s location on Ship Street, at the edge of the Lanes and close to major dining and leisure occupiers, delivers strong pedestrian footfall and visibility from a compact shop frontage. The building’s layout — retail over ground and basement with a self-contained maisonette above — is straightforward for continued multi-let investment or potential occupational use after the lease expiry.
Notable risks are clear and factual: the property sits in an area recorded with very high crime levels and broader area deprivation, which can influence insurance, management costs and tenant churn. The commercial lease includes a tenant-only break option in March 2030 and a rent review the same month, creating short-term income uncertainty. The property is small in size and has low/standard ceiling heights, limiting some occupier fit-out options.
This is a short, income-producing freehold aimed at investors seeking central Brighton exposure with immediate cashflow and upside opportunities when leases come up for renewal. Buyers should allow for active asset management and be comfortable with central-city operating conditions and the short-term lease risk.
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