For Sale

51 Norfolk Square,
Brighton,
East Sussex,
BN1

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Development, Investment

2,040 Sq Ft (189.52 Sq M)

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Features
  • Established and central commercial and residential location
  • Commercial investment to ground and lower ground floors. Development/letting opportunity to the upper floors
  • Within 350 metres of the seafront
  • High footfall and major thoroughfare area
  • Attractive location overlooking Norfolk Square gardens with superb views to the sea

Location

The property is situated on the Hove / Brighton boundary and immediately north of Norfolk Square, approximately one mile west of Brighton city centre and at the western end of Western Road, which is one of Brighton & Hove's main retailing and commercial thoroughfares.

The seafront is just 350 metres to the south.

Brighton Station is approx 1km to the north east. There are a wide array of shops, restaurants, services in the immediately surrounding area.

Description

Investment / Development Opportunity
Ground & lower ground restaurant investment.
Self contained upper floors with planning consent to convert to 3 x studio flats

Accommodation

The property comprises a mid-terraced period building with accommodation arranged over ground, basement and 3 upper floors.

The ground and basement floors are self-contained and currently let to a restaurant operator.

The 3 upper floors are accessible from the rear. They have been used until recently as a language school.

Planning

The ground and basement floors have been used for restaurant / café purposes for many years and should therefore have an established E use class under the Use Classes Order 2020. Reference BH2022/00427 - to convert from a language school (use class F1) to residential to provide 3 studio flats.

VAT

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

Legal Fees

Each party to bear their own legal costs incurred.

Terms

For sale with offers invited in excess of £900,000 (nine hundred thousand pounds).


TENURE

Freehold.

The ground and lower ground floors are let to a private individual who operates a Turkish restaurant. The lease is for a term of 10 years from 22 March 2021 at a rent of £28,000 per annum. There is a rent review at the end of the 5th year of the term. The tenant has been in occupation for approximately 7 years and a 6 month rent deposit in held.

The upper floors are offered with vacant possession.

Energy Performance Rating

Ground and lower ground floors EPC rating of D (80).
Upper floors EPC to be confirmed.

Andrew Halfacree

01273 740385 Email

Aaron Lees

01273 740387 Email

Will Thomas

01273 740398 Email