20 September 2023: Wednesday 20 September 2023 - 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Withdrawn

Withdrawn Prior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

    • Freehold
    • Commercial unit with residential upper parts
    • Investment let at £48,980 per annum.
    • Asset management potential (one letting room vacant)
    • Prominent four-story building
    • Prime location in Brighton
    • No VAT

    Description

    The property comprises a four-storey period building, with restaurant/takeaway arranged over the basement, ground and part of the first floor. The second and third floors currently comprise 3x studio flats and 2x letting rooms which benefit from their own access.

    The property is currently fully let with the exception of one letting room which could generate additional income streams.

    Fronting Old Steine Gardens, the property is located between the main tourist sites of Brighton Pier and The Royal Pavilion with the Churchill Square Shopping Centre and Brighton station both located less than a mile away.

    The property has asset management potential with the prospect of additional income streams with letting of the vacant space as well as potential for conversion into additional residential units or holiday lets subject to obtaining requisite consents.

    Additional information

    Tenure

    Freehold

    Accommodation

    Commercial:

    Basement - Seating - 200 sq ft (18.6 sq m)

    Ground Floor - Kitchen / seating area - 404 sq ft (37.5 sq m)

    First Floor - Ladies & Mens’ toilets


    Residential:

    First Floor - Studio

    First Floor Landing - Small Double Room with en-suite shower room

    Second Floor - Studio

    Second Floor Landing - Small Double Room with en-suite shower room

    Third Floor - Studio


    Rent

    £48,980 per annum.
      • 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.

      Accommodation / Tenancy Schedule

      Local information

      Transport

      National Rail - Brighton railway station

      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