Summary - 31 THE UPPER MAISONETTE AT NORTH ROAD BRIGHTON BN1 1YB
1 bed 1 bath Retail Property (high street)
Trading retail asset near Brighton’s cultural quarter with immediate rental income.
Prominent corner retail unit with return frontage onto Tichborne Street
A prominent corner retail unit in Brighton's popular North Laine, this trading shop benefits from high street visibility, large display windows and a return frontage onto Tichborne Street. The ground floor and basement retail spaces (total approx. 1,109 sq ft) include a WC, staff tea point, natural light to the basement and a rear garage/store accessed from Tichborne Street. The unit currently produces a passing rent of £20,314 pa and sits in an area with excellent pedestrian footfall close to the city’s cultural quarter.
The building is a Victorian end-terrace with high ceilings, bay windows and period character. The upper maisonette is held on a long lease separately; the commercial element benefits from Class E use and an EPC rating of C for the shop. The shop layout and pavement frontage suit a variety of retail or service occupiers and offer straightforward rental income for an investor.
Buyers should note material lease and location issues: the commercial lease expires in June 2028 (around nine years remaining) and lenders may refuse mortgage finance on assets with short lease terms. The neighbourhood records very high crime and high deprivation levels, which may affect rental growth, insurance costs and some occupier types. The building’s solid brick walls are assumed uninsulated and the maisonette has a lower EPC (E), indicating potential maintenance and energy-improvement costs.
Overall this is a compact, well‑located trading retail investment for a buyer comfortable with a short lease profile and inner‑city management considerations. It will suit investors targeting immediate rental income and strong footfall, and those prepared to budget for energy upgrades, potential refurbishment and active asset management to mitigate location risks.
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