Description
The property comprises a three-storey terraced building arranged over ground and upper floors, forming part of an attractive period property fronting East Street.
Internally, the accommodation currently provides an open-plan ground floor sales area, with additional sales space and ancillary accommodation at first floor level. The second floor comprises staff accommodation together with WC facilities.
However, the intention is to split the ground floor from the upper floors.
Location
Brighton and Hove is a vibrant and well connected city on the South Coast, offering an exceptional quality of life and a strong commercial base. The city benefits from a diverse economy, excellent transport links to London and Gatwick Airport, and a highly skilled workforce, making it an attractive location for businesses across the creative, digital, professional, and financial sectors.
The property is situated in a prime retailing position on the southern side of East Street, one of Brighton's principal pedestrianised retail thoroughfares linking the city centre with Brighton Seafront and The Lanes. East Street benefits from significant pedestrian footfall throughout the day and evening economy, driven by its proximity to Brighton Palace Pier, the beachfront, and the wider city centre retail and leisure offering.
Nearby occupiers include a strong mix of national, regional and independent operators including Charlotte Tilbury, The White Company, Loake, Lush, Pret A Manger, French Connection, Free People, The White Company together with a wide range of boutique retailers, cafés, restaurants and leisure operators associated with Brighton city centre.
Planning
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
VAT
We understand the property is registered for VAT.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
Business Rates / Council Tax Band
To be reassessed.
EPC
We understand the property has an EPC rating of B (expiry date - 06/05/2031).
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 confirming 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.
