Broad Street and Middle Street, Brighton

Please note this sale comprises two individually sited Guesthouses being sold as a pair providing 23 Bedroom's overall.

One Broad Street:

This property is a 12 key all en-suite hotel arranged over 6 floors with the
front bay rooms featuring side sea views. It is located a stone's throw from
the Brighton Pier, city centre and beach.
The 12 studio units have been uniquely designed by an award winning creative
team. Bedrooms feature biophillic design elements, industrial styling and reclaimed
furniture. All units incorporate LED mood lighting, open storage, high quality beds,
smart TV’s and kitchenette facilities with fridge, microwave and Nespresso coffee

There is a range of bedroom types across the building including: 6 double studio
units, 4 King studio units with zip & link beds allowing for conversion between king
and twin setup and 2 studio suites both of which can can sleep up to 4 people,
providing competitively priced options for families & groups.
machine as standard.

Blok-74:

The property is an 11 key all en-suite hotel arranged over 5 floors. It is
located in the centre of Brighton and is a stone's throw from Brighton
Beach. This Grade 2 listed building underwent extensive refurbishment
to achieve a high quality finish. The property provides 11 self-contained
studio units, including a 6 guest studio apartment at basement level.

Property additional info

Introduction:
Description: These unique sites were developed by the current owners with a vision of modernising traditional guest houses/hotels to meet the changing needs of guests and provide a robust long-term investment. Taking operational influence from the serviced apartment/Airbnb market, they have created a highly systemised, self check-in, Aparthotel-style business model which has proven to be one of the fastest growing sectors in the short-stay market. Self service accommodation has boomed throughout the UK in the last few years with many guests now valuing independence and convenience over traditional bed and breakfast offerings. The onset of the pandemic acted as a catalyst in changing the way people travel, with travellers increasingly prioritising more private, self-contained spaces. One Broad Street which started operating in 2018 was ahead of the curve and naturally met this demand, successfully navigated Covid and remaining profitable throughout the pandemic. Blok-74 opened it’s doors in 2021 and instantly benefited from the staycation boom. The trend for self-check in accommodation has remained and many existing small guest houses across the UK have now followed suit by repurposing to a room only model. However unlike One Broad Street & Blok-74 many of these properties do not have the infrastructure and technology to safely and efficiently manage an unmanned hotel operation. Both these sites were renovated specifically with this model in mind and meet the stringent building regulations and fire safety standards required by the council for such operations. The properties both have sprinkler systems, monitored fire alarms, CCTV and digital door lock systems which would all be extremely costly and challenging to retrofit to any building. From an operational perspective, the added levels of self-containment in the boutique-style studio rooms and the automated remote management processes, have removed many of the inefficiencies present in traditional hotels, such as onsite reception, restaurants and staff/owner accommodation. This not only results in increased revenue, but also reduces overall running costs The streamlined operations are centralised and managed by a small offsite team, providing scales of economy across the two sites. Housekeeping is outsourced to a third party contractor and a trusted pool of tradesmen carry out maintenance. There is 24 hour security/key holder via and independent contractor who can be at site within just a few minutes if needed. A modern suite of operational software integrates seamlessly to provide high levels of automation. This includes a PMS with built in channel manager and guest communication platform, digital locks software and dynamic revenue management which can all be managed remotely. This highly systemised structure has been created by the current owners, allowing them to maintain a lean business that does not require their day to day involvement and ensures an attractive proposition for any prospective buyers looking for a highly automated guest model.

One Broad Street Property Overview:
Description: This property is a 12 key all en-suite hotel arranged over 6 floors with the front bay rooms featuring side sea views. It is located a stone's throw from the Brighton Pier, city centre and beach. The 12 studio units have been uniquely designed by an award winning creative team. Bedrooms feature biophillic design elements, industrial styling and reclaimed furniture. All units incorporate LED mood lighting, open storage, high quality beds, smart TV’s and kitchenette facilities with fridge, microwave and Nespresso coffee machine as standard. The building has fire safety, security and functionality at the forefront with integrated sprinkler system, monitored fire alarm, CCTV and digital smart locks. Unique door codes are generated for each booking and sent to guests automatically, providing both security & convenience. High-speed radio wave Wifi with multiple access points ensures complete coverage, allowing high quality streaming in every room across multiple devices. There is a range of bedroom types across the building including: 6 double studio units, 4 King studio units with zip & link beds allowing for conversion between king and twin setup and 2 studio suites both of which can can sleep up to 4 people, providing competitively priced options for families & groups.

Blok-74 Property Overview:
Description: The property is an 11 key all en-suite hotel arranged over 5 floors. It is located in the centre of Brighton and is a stone's throw from Brighton Beach. This Grade 2 listed building underwent extensive refurbishment to achieve a high quality finish. The property provides 11 self-contained studio units, including a 6 guest studio apartment at basement level. Following the same model as One Broad Street, the owners have incorporated creative bespoke design and the guest units feature mood lighting, open storage high quality beds, smart TV’s and kitchenette facilities with fridge, microwave and Nespresso coffee machine. The building has an integrated sprinkler system, monitored fire alarm, CCTV and the same digital smart lock system and high speed radio wave internet as described in One Broad Street. There is a range of bedroom types across the building including: 5 double units, 5 King units with zip & link beds allowing for conversion between king and twin setup and 1 apartment suite across the whole of the basement which can can sleep up to 6 people.