This property is no longer on the market
Property
Property description & features
- Freehold mixed use investment for sale
- Prime location
- 4 story period building
- Restaurant and self contained units contained within
- Views over Steine Gardens and the seafront
- VAT exempt
- Walking distance to the main tourist attractions
- Tenants in situ
- Commercial Use: Class E
- Sushi restaurant/takeaway
COMMERCIAL ACCOMMODATION (net internal floor areas)
Basement
Seating 200 sq ft (18.6 sq m)
Ground Floor
Kitchen / seating area 404 sq ft (37.5 sq m)
First Floor
Ladies & gents’ toilets
Total Accommodation 604 sq ft (56.1 sq m)
ACCOMMODATION OF LETTING ROOMS
First Floor - Double Room
First Floor Landing - Small Double Room
Second Floor - Double Room
Second Floor Landing - Small Double Room
Third Floor - Double Room, 31 Old Steine – Commercial Aspect
Let to Fusion Sushi Limited on a 5-year term from the 24th of October 2019 at a rent of £20,000 per annum exclusive. VAT. 1b Steine Street – Letting Rooms - We have been advised 4 of the 5 letting rooms are let and produce a combined rental income of £2,445 PCM. The estimated rental value of the vacant room is £350 PCM.
We have been advised that the property is VAT exempt.
PLANNING
We understand the existing use of the commercial aspect falls within Use Class E (formerly Use Class A3 cafes/restaurants) of the Town and Country Planning (Use Classes) Order 1987 (as amended). The letting rooms aspect falls under C1 (Hotels)
ENERGY PERFORMANCE CERTIFICATES
31 Old Steine Band D (77)
1B Steine Street Band C (76)
Certificates can be made available by email on request or downloaded on-line from Gov.UK website portal.
VIEWING ARRANGEMENTS
Viewing by appointment through sole selling agents Henry Adams Commercial CONTACT
Andrew Algar – Director of Commercial Property
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Situation
The property is situated in a prime location fronting the Old Steine, between the main tourist sites of Brighton Pier and The Royal Pavilion. Churchill Square Shopping Centre, North Laines and Brighton Station are all within a 10-minute walking distance. The subject property is located at the southern end of the Old Steine, close to the retail shopping thoroughfare of St James’s Street, Kemp Town. A street view can be viewed online through Google Maps by typing in the property’s postcode BN1 1EL
Basement
Seating - 200 sq ft (18.6 sq m)
Ground Floor
Kitchen / Seating area - 404 sq ft (37.5 sq m)
Photos
Agent's Notice
Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams HRR Commercial Limited nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
Details correct: June 2021
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Energy Performance data and Internal floor area
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