The property is of traditional brick construction with an attractive sandstone façade beneath a combination of pitched slate, flat and mansard roofs. It comprises a period mid-terrace building arranged over five storeys to the front (basement to third floor) and three storeys to the rear (basement to first floor).
The ground floor and basement are let to Cornish Bakehouse, providing a prominent retail unit fronting North Street.
The rear part of the ground floor, together with the first, second and third floors, provides self-contained office accommodation accessed independently from North Street. Ancillary storage is located within the basement.
Vehicular access is available to the rear of the property via Prince's Place, where there is a shared service area currently used for refuse storage.
The subject property is located on the northern side of North Street, adjacent to Lloyds Bank and opposite the Hanningtons Brighton Scheme, a former department store sitting on 1.3 acres which has been extensively redeveloped to create a new 'Lane' to the rear as well as providing retail stores fronting North Street.
North Street is a popular location for leisure operators to include Wahaca, Smashburger and Bella Italia. Numerous other bars and restaurants are located immediately off North Street and The Lanes and North Laine areas. The historic Brighton Pavilion, Pavilion Gardens and North Laine are situated immediately to the north.
The building is not VAT elected.
EPCs are available on request. Ratings range from Bs to Cs.
Each party to bear their own legal costs incurred.
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
Offers are invited in the region of £1.5 million reflecting a net initial yield of 7.97%, assuming the property is fully let and after usual purchasers costs.
| Name | Description | Area (ft²) |
|---|---|---|
| Ground Floor Front | Let to Bakehouse | 1814 |
| Ground Floor Rear | Let to Intrepid Camera Co Ltd | 1341 |
| Lower Ground Floor | Let to Intrepid Camera Co Ltd | 643 |
| 1st Floor Front | Let to Agincare Limited | 1053 |
| 1st Floor Rear | Let to Josh Hammond | 726 |
| 2nd Floor | Vacant | 704 |
| 3rd Floor | Vacant | 550 |
