26 Old Steine, Brighton, East Sussex, BN1 1EL

Location

This imposing, five storey property is situated in a prime location fronting the Old Steine, with fabulous views over Steine Gardens and the the sea, located between the main tourist sites of Brighton Pier, The Royal Pavilion and within yards of the busy retail thoroughfare of St James's Street. Churchill Square Shopping Centre, North Laines and Brighton Station are all within walking distance. The property has recently undergone an external refurbishment and scaffolding has just been removed.

Description

This prominent and imposing five-storey Regency building is situated within yards of the Famous Brighton Pier and is made up of three flats and two offices. The lower ground floor is self-contained from Steine Gardens and consists of two bedrooms, two bathrooms and a rear courtyard. All the other floors are accessed via the main entrance, which is also found on Steine Gardens and up a few steps. The ground floor is let to an office occupier and is made up of two interconnecting offices at the front, with a large meeting room, a kitchenette and WC at the rear, together with a small outside area. The first floor is also let to an office occupier and consists of a large office at the front, with a beautiful bay window and views over Steine Gardens, together with an interconnecting meeting room, which is separated by a glazed wall. At the rear, there is a meeting room with a pitched roof, kitchenette and WC. The top two floors is the Penthouse apartment, which consists of open plan living area, fabulous views and a small rear balcony.

Price

Offers are invited in the region of £1,750,000

Tenure Comments

Freehold investment

Rent

Overall ERV income of £87,600 per annum.

EPC

The ground and first floor has an EPC of D - 81.
The penthouse has an EPC rating of D - 65.
The basement flat has an EPC rating of C - 74.

VAT

We are informed that VAT is not applicable on the terms quoted.

Use

We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents, Jacobs Steel.

Prime City Centre Location within Yards of Brighton Seafront

Potential Uplift in Income

Imposing Five Storey Regency Building

Recent External Refurbishment