Under Offer
5 Marlborough Place,
Brighton BN1 1UB
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Development, Leisure (Class D1, D2 and Other), Offices
4,059 Sq Ft (377.08 Sq M)
- Five storey mid terraced period property
- Currently arranged as offices ground through 3rd floor
- With a residential flat located over the top floor, and ancillary basement storage space
- Period style building with original features
- Situated in the Valley Gardens Conservation Area
- Suitable for either ongoing commercial use (Class E) or redevelopment / conversion to residential use (STNC)
- To be sold with the benefit of vacant possession
Location
Marlborough Place is located close to Brighton's core commercial district, on the Eastern fringe of the popular North Laine area.
The premises are situated on the southern side of Marlborough Place, approximately 0.4 miles north of the pier and approximately 0.5 miles south east of Brighton station.
Description
Brighton - Mixed Office & Residential Use with Potential for Redevelopment
Accommodation
The building comprises a five-storey, mid terraced period property arranged as offices over ground through 3rd floor, with a residential flat situated over the upper floor.
There are WC facilities situated to the rear of the ground floor, and also on the half landings between the 2nd & 3rd floors. There is also a basement providing ancillary storage space and access onto a rear yard.
The overall condition the property is now rather dated and in need of some improvement.
Basement: 683 sqft / 63.42 sqm
Ground Floor: 657 sqft / 61.08 sqm
First Floor: 839 sqft / 77.91 sqm
Second Floor: 633 sqft / 58.78 sqm
Third Floor: 646 sqft / 60.02 sqm
Fourth Floor: 601 sqft / 55.84 sqm
Total: 4,059 sqft / 377.04 sqm
Energy Performance Rating
We understand the property has an EPC rating of D - 88
Planning
We understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020. Interested parties should make their own planning enquiries and satisfy themselves in this regard.
Taxation
Rateable Value (2023):
£36,250 offices & premises (basement, 1st, 2nd and 3rd floors)
Council Tax Band A (flat on 4th floor)
Terms
Offers invited in the region of £795,000 for our clients freehold interest
VAT
We understand the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.