Commercial Property for sale

139-142 North Street, Brighton, East Sussex, BN1

Offers in Excess of £13,426,000
36,271 sq. ft.

Property Description

Commercial information

  • 36,271 sq ft (3,369 sq m)

Key features

  • Located in Brighton, one of the largest commercial centres in the South East of England.
  • Substantial multi let landmark detached block situated on North Street in 100% prime position.
  • Over 61% of the income secured to Barclays Bank PLC
  • Low overall rent to Barclay's Bank of 13.59 psf
  • AWULT of 6.30 years.
  • Total income of 573,524.
  • Freehold.
  • Offers in excess of 13,426,000 (THIRTEEN MILLION FOUR HUNDRED AND TWENTY-SIX THOUSAND POUNDS).
  • Net Initial Yield of 4% after allowance for purchaser's costs of 6.8%.

Full description

Description

Prime Substantial landmark retail and office investment opportunity.

Accommodation


The subject property comprises a substantial landmark retail and office building built up over basement, ground and three upper floors. The basement, ground, first and part second floor are fitted out as a bank with the main banking hall located on the ground floor. The ground floor benefits from excellent natural light due to three lightwells that run through to the rear of the banking hall. The main entrance to the bank benefits from frontage onto North Street.

The office accommodation to the upper floors benefit from a separate, self-contained access from Portland Street. There is a further self-contained access to the upper floors in Kings Place. This provides access to both the office accommodation above Barclays and also the "Kings Place suite". The property benefits from 2 lifts, 3 staircases and onsite parking for approximately 10 cars.

The property is locally listed and is within an article 4 area.


More information from this agent

Nearest stations

  • Brighton (0.3 mi)
  • London Road (Brighton) (0.9 mi)
  • Hove (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Flude Commercial , Brighton

19 New Road, BN1 1UF

01273 839477 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Brighton (0.3 mi)
  • London Road (Brighton) (0.9 mi)
  • Hove (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Flude Commercial , Brighton

19 New Road, BN1 1UF

01273 839477 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2751. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Flude Commercial , Brighton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.