2 September 2025: Tuesday 02 September 2025 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Interested Parties will be invited to place bids via a set deadline of 12:00 noon on Friday 22nd August 2025 and the sale will take place via an auction contract
    • Student block investment opportunity comprising 124 bedrooms and associated kitchens, bathrooms and common rooms across 22 flats over Basement, Grd & 7 upper floors
    • Development potential to convert into multiple dwellings (subject to the requisite consents)
    • Gross rental receipts of £830,028 in 2024
    • Significant capital investment in the property of £850,000 since 01 January 2024
    • Approx. floor area of 43,713 sq ft & site area of 0.15 acres
    • Asset management potential to modernise the accommodation & improve the occupancy rate
    • Located approx. 0.6 miles from Brighton station
    • On behalf of the University of Sussex
    • Please click here for the legal pack
    • Investment let at £830,000 (2024) 11.85% GIY on guide

    Description

    Please click here for the legal pack

    51-53 Kings Road is a 8 storey end of terrace building comprising a basement car park (approx. 10 spaces) and accommodation over ground and 7 upper floors. There are 124 bedrooms of varying sizes with associated communal space (kitchens, bathrooms and communal space) split across 22 flats. Access to the property is gained via front and rear entrances on Kings Road and South Street.

    There is a self-contained commercial unit on the ground floor of approximately 1,345 sq ft to the eastern elevation The property has one stair core and passenger lift located to the rear of the building. The majority of accommodation is provided on the upper floors, those of which face the southern elevation benefit from uninterrupted sea views.

    The property had a Gross rental income of £830,028 in 2024 year at an 85% occupancy level. The property is let on a mix of 51 week and 39 week licences and is also used for summer bookings.

    The site offers asset management potential to increase the current rent. There is also underlying residential development potential to convert the property into multiple dwellings (subject to the requisite consents).

    Unconditional offers are sought for the freehold interest subject to existing tenancies with vacant possession available from the 7th September 2025. 

    Additional information

    Tenure

    Freehold

    Accommodation

    The floorplans and floor areas have been provided in good faith by the Vendor and are not to be relied upon. Prospectivepurchasers are advised to carry out their own due diligence in this regard.


    Tenancy

    The property is let on a mix of 39 and 51 week Licences and is also used for summer bookings - please refer to the legal pack.

    Rent

    £830,000 p.a. (2024)

    Notes

    Bidding Process 

    Potential purchasers will be invited to place bids via a set deadline (date to be confirmed). These offers will then be considered by the client and a best and final offers may be called. Should an offer meet the clients requirements a successful bidder will be selected and a sale will take place via an auction contract, which will be signed immediately along with receiving a 10% deposit. The property will be deemed as ‘sold prior to auction’. 


    When submitting your offer please provide the following information

    • Entity purchasing the property
    • Your Solicitors details
    • Certified ID and proof of address for the purchaser/s of the property
    • Proof of funds for a minimum of 10% of the offer put forward.
    • Confirmation that you can sign an auction contract, pay a 10% deposit straight away and complete within the time frames highlighted in the special conditions of sale.

    Please when sending these offers copy in Nicholson Boyd nicholson.boyd@savills.com, Samuel Sargeant samuel.sargeant@savills.com and Ian Fowler IFowler@savills.com

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated in Brighton city centre in a prime sea front location, 350 yards from Brighton Pier. The property has the benefit of uninterrupted sea views to the south. Shopping facilities, restaurants and leisure facilities are all within walking distance of the property. Brighton station is 0.6 miles north.

      Brighton is a vibrant coastal city located on the south coast of England. It is known for its diverse culture, historic landmarks, and views of the English Channel. Brighton is a popular destination for both leisure, tourist and business visitors. There are an abundance of historical properties, extensive shopping facilities, a huge selection of restaurants, and cultural attractions like The Lanes, Royal Pavilion, Brighton Centre, Brighton Pier and the beach.

      In terms of higher education, there are two universities, Brighton University and the University of Sussex as well as Brighton Metropolitan College and language schools.

      Transport

      Brighton is located in East Sussex, on the south coast of England, 52 miles south of London. The city enjoys excellent communications, linked to London via the A23/M23 and to the city of Portsmouth via the A27.

      Brighton benefits from excellent rail connectivity. Mainline services to London Victoria, Farringdon (Elizabeth Line) and St Pancras International with a fastest journey time of only 54 minutes and 5 services per hour at peak times. East and West Coastway lines provide frequent services across the South East.

      Gatwick Airport, the UK’s second largest airport, is located 29 miles to the north. It is readily accessible from Brighton via the Gatwick Express and M23.

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums