Units 1-3 Isetta Square, 35 New England Street, Brighton, BN1 4GQ
- PROPERTY TYPE
Office
- SIZE
Ask agent
Description
*Guide Price £550,000
Substantial vacant ground floor commercial office CLASS E over 300 m2 in central Brighton
Description
Located within the 'The One Brighton Development'. An opportunity to purchase a long leasehold interest of 3 vacant offices which are being offered as a whole, but that naturally split into 3 units, subject to the necessary consents. Previously used as a Training / Educational Centre but adaptable for a number of uses.
Situation
The building is situated within Isetta Square, just off New England Street. Fenchurch Walk is just a couple of minutes away offering a large Sainsbury's store and restaurants. Brighton's famous Laines with it's range of shops and restaurants is just under half a mile away, along with Brighton Mainline railway station (London Victoria 60 minutes).
Accommodation
Unit 1; 86.21 sq m (928 sq ft)
Unit 2; 81.85 sq m (881 sq ft)
Unit 3; 133.5 sq m (1,437 sq ft)
Total Area; 301.56 (3,246 sq ft)
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY
tenure
Leasehold - Units 1 & 2 - 125 years from 9th November 2009 (approximately 112 years remaining)
Unit 3 - 125 years from 26th March 2010 (approximately 112 years remaining)
Ground Rent - Current rent £300 pa for the first 20 years, £600 pa for the second 20 years, £1,200 pa for the third 20 years, £2,400 pa for the fourth 20 years, £4,800 pa for the final 45 years
Use The office benefits from Class E Use
Rateable Value £42,250
EPC Rating D
Units 1-3 Isetta Square, 35 New England Street, Brighton, BN1 4GQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.2 miles
- London Road (Brighton) Station0.4 miles
- Preston Park Station1.2 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 109784.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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