Property Information
Address:
23 St. James's Street, Brighton, East Sussex
, BN2 1RF
, East Sussex
, United Kingdom
Price: Property no longer available.
Size: SOA
Primary Category: Land
All Categories:
Investment, Land,
Property Ref/Movehut: MH642795
Property Ref/Agent: 3738
*Please use the agent ref when calling the agent directly.
Property description
Description
Freehold offers in excess of £550,000
Town centre investment / redevelopment opportunity
Location
Brighton is located on the Sussex coastline approximately 56 miles (90 km) South of London, 22 miles (35 km) West of Eastbourne and 34 miles (53 km) East of Chichester. The city boasts a resident population of 288,200 people and a large proportion of them ages between the 20-44 age brackets.
Brighton benefits from excellent road communications with the A23 providing a direct link to Junction 11 of the M23 Motorway approximately 18 miles (29 km) to the North. In addition, the M25 Motorway is a further 12 miles (19 km) to the North. The city benefits from good connectivity to the National Railway network with the fastest journey time to London Victoria and London Bridge of approximately 51 minutes. Furthermore, Gatwick International Airport is only 18 miles (29 km) to the north which can be reached through the majority of the trains passing through Brighton.
The property holds a prominent position just north of the iconic Brighton Pier and is a short walk away from the main retail district of Brighton, The Lanes, whilst also being approximately 0.4 miles (0.7 km) from Churchill Square Shopping Centre. Churchill Square Shopping Centre has up to 85 retail units when fully let, in addition to several sites for 'open-air' style stalls in the corridors. The shopping centre retains tenants such as Topshop/Topman, Debenhams, Clarks, Zara and W.H. Smith.
The property is located on the northern side of St James Street which is busy retail pitch with nearby retailers such as Morrisons, Starbucks, Boots and Superdrug. St James Street is one of the main arterial roads leading to the Hospital and Kemp Town area of the city.
The property is 0.9 miles (0.56 km) from Brighton Train Station and 0.1 miles (0.06 km) from Pavilion Parade, which is the main road providing access to the A27 and A23.
Planning
Planning permission was obtained in December 2018 for change of use to retail (A1) at basement and ground floors, with two 2-bedroom flats on the upper floors. The permission and plans are available to download here.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Accommodation
The property comprises a 4-storey mid-terraced mixed-use building currently arranged over basement, ground, and three upper floors.
The premises is currently vacant. The upper floors currently office accommodation although planning permission has been obtained to convert to residential accommodation.
In accordance with a Plowman Craven & Associates measured survey from April 2000, the property provides the following accommodation:
Gross Frontage: 5.64 m (18ft 6 inches)
Ground floor
81.8 sq m
880 sq ft
Lower ground floor
57.6 sq m
620 sq ft
First floor
43.1 sq m
464 sq ft
Second floor
20.3 sq m
219 sq ft
Third floor
35.7 sq m
384 sq ft
Total Net Internal Area
238.5 sq m
2,567 sq ft
Lower ground floor
62.8 sq m
676 sq ft
Ground floor
92.1 sq m
991 sq ft
First floor
52.0 sq m
560 sq ft
Second floor
40.6 sq m
437 sq ft
Third floor
44.3 sq m
477 sq ft
Total Gross Internal Area
291.8 sq m
3,141 sq ft
ITZA
50.3 sq m
541 sq ft
Business Rates / Council Tax Band
Rateable Value (2017): £19,500.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green ().
Legal Fees
Each party to bear their own legal costs incurred.
Terms
Offers in excess of £550,000, subject to contract
Freehold retail / residential investment / development opportunity
Prominent position on St James Street
Available with vacant possession
Planning permission granted for flats on upper floors
Offers in excess of £550,000, subject to contract
;