No longer on the market
This property is no longer on the market
Floorplans (
MapCommercial development
Auction
Sold STC
Commercial development
Features and description
- Auction Date 22 November 2023
- Freehold Commercial Investment Just Over 10,000 sq ft in Size
- Landmark Building Let and Producing £100,000 Per Annum Yielding 8%
- FRI Lease With Over 4 Years To Run
- Established Local Covenant
- Significant Development Potential Subject to Consents
- First Class Location Within The Core of Brighton's Commercial Environment
- Immediately Adjacent to Brighton Mainline Railway Station
- Tremendous Daily Footfall
- Incredibly Rare Opportunity
FOR SALE BY AUCTION on 22nd November 2023
Auction Guide OFFERS ARE NOW BEING INVITED IRO £1.25m
A freehold commercial investment comprising of 3 buildings over 5 floors let under the terms of an FRI lease from 25th December 2017 to 24th March 2028 to Parsons Son & Basley (Sussex) Ltd at an annual rent of £100,000 and being just over 10,000 sq ft in size.
Subject to all necessary consents, it is considered that future development of the upper parts into self contained flats of this landmark building is able to be considered together with the possibility of the removal of part of the rear of the building to provide for further development.
Situated within the core of Brighton's Commercial Environment close to Brighton Mainline Railway Station with its direct commuter links to London. Within the immediate locality is there is just about every single facility anyone would desire including highly acclaimed restaurants, bar, boutiques, coffee shops, the indoor shopping mall at Churchill Square, The Historical Lanes, theatres, concert venues at The Brighton Centre and the seafront with its bathing beaches.
Opportunities to be able to purchase buildings such as these rarely come to the market with early consideration therefore highly recommended.
Auction Guide OFFERS ARE NOW BEING INVITED IRO £1.25m
A freehold commercial investment comprising of 3 buildings over 5 floors let under the terms of an FRI lease from 25th December 2017 to 24th March 2028 to Parsons Son & Basley (Sussex) Ltd at an annual rent of £100,000 and being just over 10,000 sq ft in size.
Subject to all necessary consents, it is considered that future development of the upper parts into self contained flats of this landmark building is able to be considered together with the possibility of the removal of part of the rear of the building to provide for further development.
Situated within the core of Brighton's Commercial Environment close to Brighton Mainline Railway Station with its direct commuter links to London. Within the immediate locality is there is just about every single facility anyone would desire including highly acclaimed restaurants, bar, boutiques, coffee shops, the indoor shopping mall at Churchill Square, The Historical Lanes, theatres, concert venues at The Brighton Centre and the seafront with its bathing beaches.
Opportunities to be able to purchase buildings such as these rarely come to the market with early consideration therefore highly recommended.
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The landscape of selling property at auction has changed a lot in recent years. No longer is it seen as simply an option for properties in need of complete modernisation or repair. Today, almost any kind of property is suitable for sale at auction, regardless of value, age, size, condition or style. Here are just some of the other property types we help vendors sell at auction: Residential investments Commercial investments Mixed investments Freehold ground rents Garages Tenanted flats and houses Repossessions Flats with short leases Properties not suitable for a mortgage, such as flying freeholds Flats above commercial properties where mortgages are difficult to obtain Ready to find out how your property could perform at auction? Get in touch now for your free auction appraisal.