126 Gloucester Road, Brighton BN1 4BU

Description

The building comprises a mix of workshop, warehouse and office accommodation arranged over 2 main floors with an attic to the northern part of the building providing storage accommodation.

Location

The property is located in the popular North Laine area of Brighton. Brighton station is within 400 metres, Brighton seafront within 900 metres and Churchill Square shopping centre within 800 metres.

The A23 is within 100 metres to the east of the property and provides access to the A27 to the north.

The North Laine is a vibrant and popular part of Brighton with a mix of office, retail, leisure and residential uses prevailing.

Planning

We understand that the premises benefits from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

A planning application has been submitted to convert and extend the building to provide five residential units with a Class E commercial unit on the ground floor. The scheme provides 4,120 sq ft of residential space and 2,016 sq ft of commercial space. The proposed layout of this scheme is shown below.

Full details can be viewed on the Brighton & Hove City Council's planning portal - Ref: BH2022/02689. The application has been recommended for approval. A Section 106 agreement is in the process of being agreed.

VAT

Rents and prices are quoted exclusive but may be subject to VAT.

Accommodation

The property has the following approximate Net internal areas:

Business Rates / Council Tax Band

Rateable Value (2023): £42,250

Legal Fees

Each party to bear their own legal costs incurred.

AML

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as con?rming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.