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No longer on the market

This property is no longer on the market

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Office

Under offer
Office
15285
Added > 14 days

Features and description

  • Rare city centre commercial building for sale
  • Fully vacant unbroken Freehold
  • Located in ‘beating heart’ of Brighton opposite historic Royal Pavilion
  • An attractive, corner grade II listed building
  • 15,285 sq ft (GIA)
  • Former University class rooms (Class F1 Non-Residential Institution)
  • Suit a variety of alternative uses (STPC) such as offices/media/medical/well-being
  • Excellent potential to convert to residential accommodation (STPC)
  • Recent positive Pre App to convert whole space to 17 x flats
  • Suit owner occupiers, investors, developers
Description
The building is a prominent grade II listed end-of-terrace building within the Valley Gardens conservation area. It is listed as part of a terrace of former townhouses, which date from the early 19th century but which have been considerably altered.

The property is arranged over five storeys (plus lower ground level), with the benefit of front street access from both Pavilion Parade and the return elevation on Pavilion Street.

The property is attractive and its architecture is typical Regency, on a grand scale and the property was subject to major internal alterations/rebuilding in the 1980s, and a large modern extension was built to the rear, facing Pavilion Street adjacent to the public house. The interior of the property has been substantially altered over time, to include a passenger lift, and until very recently has provided educational classrooms /meeting space for the University of Brighton.

Location
10-11 Pavilion Parade is located within the ‘beating heart’ of Brighton city centre just north of Old Steine opposite the Royal Pavilion. Only a stone’s throw from the beach, The Lanes, the city centre’s shopping and leisure offer. Predominately situated on the corner of Pavilion Street close to Edward Street.
Brighton Railway Station is located to the northwest via Church Street and Queens Road (12 minutes walk). The city centre is well served by many bus services with Old Steine stops D and F nearby. The busy A23 is a major arterial route into Brighton. To the north London Road links to the A27 bypass providing access to the A23/M23 and the national motorway network via the M25.

Situation
Brighton is an attractive, vibrant and affluent city on the south coast of England with excellent connections into Central London (approx. 55 miles).
The area has been subject to recent regeneration over the years to include Circus Street providing a new cultural quarter, brought alive by thriving independent cafés, restaurants, studios and workshops, not to mention an innovative new dance space, home to the internationally acclaimed Southern Dance.
Brighton is consistently in the Top 10 best national retail and cultural centres and enjoys all-year-round tourism, together with a young and vibrant demographic supporting a growing economy.
The city has a strong residential market, being a significant commuter town, home to excellent universities and benefitting from recognised seafront and leisure amenities.

Planning Use
We understand the current use to be Educational (Class F1 Non-residential institution).

Residential Conversion: The vendor has recently submitted plans to the local planning authority as part of a Pre-Application under ref no. PRE2023/00117.

‘Conversion of existing educational building (Class F1 Non-residential institution) comprising external works to the non-Listed facade and internal alterations to Listed Building to create 17no. residential units (Class C3) comprising 7no. one-bedroom units and 10no. two-bedroom units and including the creation of communal open space, bike storage and bin storage’.

These plans have been very positive and a copy of the Pre-Application advice note from Brighton & Hove Council is available to serious purchasers upon request.

Tenure
The property is held freehold under title number SX147826.
The property is to be sold with full vacant possession.

Guide Price
£2,500,000 freehold.

Rateable Value
1st April 2023 to present - £132,000.

Anti-Money Laundering
Purchaser/directors will need to provide standard individual I.D. to comply with the Anti Money Laundering (AML) regulations.

Property information from this agent

About this agent

Vail Williams - Crawley
Vail Williams - Crawley
Unit 4, Peveril Court Court, 6-8 London Road Crawley, West Sussex RH10 8JE
01293 218234
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Where great relationships yield the best property outcomes. Vail Williams is a national property adviser with ten offices based throughout the North, Midlands and South of England.
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