28-29 Richmond Place,
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Development, Investment, Offices
- Attractive, unique city centre building
- Currently in office use
- Prior approval consent granted to convert to 3 new residential units
- Potential to return to planning with a more ambitious residential scheme
- Suit an office occupier, investor or residential developer
- Currently leased to Werk Hubs Ltd at £47,400 per annum with rolling mutual break option on 12 months notice
- Freehold interest for sale with offers in excess of £1,000,000
The property is located in central Brighton opposite St Peter's Church and St Peters Church Plaza. The Plaza forms part of Valley Gardens, which have been subject to an £11 million investment to improve the open spaces and transport links between St Peters Church and The Old Steine. The property benefits from easy access to the A23 and the A270 Lewes Road.
The London Road shopping area is located within a couple of minutes' walk from the property providing a diverse array of local amenities.
Brighton Station lies within short walking distance to the west, whilst there are numerous bus services close by.
Brighton seafront and the famous Palace Pier are within 1km to the south.
Freehold office building with prior approval to convert to residential use
The property comprises an a attractive mid terraced period building located on Richmond Place.
The accommodation is arranged over basement, ground, first and second floors.
Lower ground - 60.21 sq m / 648 sq ft
Ground floor - 117.72 sq m / 1,267 sq ft
First floor - 61.22 sq m / 659 sq ft
Second floor - 56.36 sq m / 607 sq ft
Total - 295.51 sq m / 3,181 sq ft
Lower ground - 103.50 sq m / 1,114 sq ft
Ground floor - 126.01 sq m / 1,356 sq ft
First floor - 79.80 sq m / 859 sq ft
Second floor - 79.80 sq m / 859 sq ft
Total - 389.11 sq m / 4,188 sq ft
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.
In September 2021 Prior Approval was given by Brighton Council to change the use of the property from office to residential to form 3 flats with basement storage.
The planning ref is BH2021/02698. Copies of the plans are attached to the property details.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Rents and prices are quoted exclusive of, but may be subject to VAT.
Each party to bear their own legal costs incurred.
Freehold. The property is subject to a lease to Werks Hubs Ltd for a term until 5th March 2027. The current rent is £47,400 per annum exclusive of other outgoings. The lease can be terminated by either landlord or tenant on 12 months notice.
A copy of the lease is available upon request.
For sale with offers invited in excess of £1,000,000 (one million pounds).
Rateable Value / Council Tax Band
Rateable Value 2017: £35,250.
NB - The VOA records indicate that the property has been removed from the rating list.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com).