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FOR SALE

77-82 Trafalgar Street,
Brighton,
East Sussex,
BN1 4EB

Investment

4971 Sq Ft (461.81 Sq M)

Features

  • A1/ A3/D1 Investment Opportunity in the heart of Brighton's famous North Laine FOR SALE
  • Brighton is a charismatic and highly diverse south coast city boasting one of the most affluent populations in the UK
  • Located in the popular North Laine area which has seen consistent rental growth over the past 20 years
  • 150 metres from Brighton Station
  • Unbroken parade of 6 units
  • Adjacent to Trafalgar Place - Brighton's single largest office scheme - and Greater Brighton Metropolitan College
  • Offers in the region of £2.25 million representing a Net initial Yield of 6.04% and a reversionary yield of 6.17% after purchasers costs of 6.33%
  • WAULT 6.6 years (following completion of 2 agreed lease renewals)

Location

The North Laine is known as Brighton's Bohemian quarter. It is a popular location for independent retailers, office occupiers, to work and to live. Brighton station is located to the north west corner of the North Laine. The southern boundary of the North Laine is North Street a well established retail location which links to The Lanes to the south. Brighton seafront and the famous Palace Pier are located 0.65 mile to the south of the subject property.

Description

A1/ A3/D1 Investment Opportunity in the heart of Brighton's famous North Laine FOR SALE

Accommodation

The property comprises of a parade of 6 ground floor retail units, part of a purpose built mixed use scheme. Built by locally based Hyde Housing Association in the early 2000's the building also includes 33 flats over the 3 upper floors and basement parking.

Planning

The original planning consent was for retail to the ground floor. Planning consent has since been granted for:

A3 use to No 77
A1 and A5 use to No 81
A1 and D1 use to No 78

VAT

Rents and prices are quoted exclusive of VAT.
We are informed that the vendor has waived the VAT exemption for the subject property and VAT will therefore apply.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

Offers are invited in the region of £2.25 million representing a Net initial Yield of 6.04% and a reversionary yield of 6.17% following completion of the new lease agreed to No.82 (currently in solicitors hands) after purchasers costs of 6.33%

Energy Performance Rating

77 - TBC
78 - TBC
79 - TBC
80 - C (54)
81 - D (76)
82 - D (90)

Key Contacts

Contact Photo

Will Thomas

01273 740398

Contact Photo

Andrew Halfacree

01273 740385

Contact Photo

Mark Minchell

01243 929136