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Key Features
Brighton is one of the most attractive office locations outside of Central London.
Highly desirable commuter destination with fastest journey time to Central London of only 54 minutes.
Prominent and attractive office building in the heart of the city centre, within a 3 minute walk of Brighton Railway station.
Arranged over lower ground, ground and four upper floors with a total net internal area of 11,514 sq ft (1,069.6 sq m).
Valuable and rare city centre car parking for 12 vehicles.
Majority let to British Broadcasting Corporation and the Sprung Studios Limited.
Total current net income of £263,097 per annum (including vendor top-ups on third and fourth floors).
Numerous asset management opportunities, including:
Engage with the principal tenant, the BBC, to extend their lease/ take additional space. Refurbish currently vacant third and fourth floors and re-let at enhanced rents. Explore the potential for alternative uses, including a conversion to residential, education or medical subject to planning and vacant possession. Potential future FBLR use at ground floor.
Offers in excess of £2,450,000, subject to contract and exclusive of VAT, reflecting a net initial yield of 10.1% (assuming vendor top-up on the third and fourth floors), and capital value of £213 per sq ft on the net internal area.
Freehold
