Description

Location
The property is situated on the west side of Regency Square which sits just off the main seafront in close proximity to the new i360 tower and Brighton pier amongst a host of other boutique Hotels and Bed and breakfasts.

Description
The buildings are in excellent condition have not long undergone a full refurbishment and comprise of a reception area along with 20x letting rooms.

In addtion the basement floor of the property benifits from A3 Restaurant use which is not currently being utilised having been refurbished. The rooms are all fitted out to a good standard with en-suites.

Dimensions
Basement – 208.5m² – 2,244.3sqft
Ground – 206.5m² – 2,222.7sqft
First – 182.0m² – 1,959.0sqf
Second – 183.5m² – 1,975.2sqft
Third – 99.5m² – 1,071.0sqft
Total – 880.0m² – 9,472.2sqft

** Floor plans are available on request.

Freehold
Offers are invited in the region of £2,500,000 for the freehold interest, on the basis of the current owner taking a new 10 year FRI lease back on the property at a rental of £175,000 per annum.

Business Rates
We are advised that the property has a rateble value of £46,500. Interested parties are advised to contact the local authority to confirm the rates payable.

Legal Costs
Each party will be responsible for their own costs incurred in relation to the transaction.

EPC
We understand the property is Grade II listed therfore an EPC is not required to be supplied.

VAT
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.

Viewing
Strictly by appointment with SOLE AGENTS, PARSONS SON AND BASLEY

  • Sale & leaseback investment
  • Substantial freehold building
  • Fully refurbished
  • Just off main seafront