Office for sale
Property description & features
- Tenure: Freehold
- Brighton is one of the most attractive office locations outside of Central London.
- Highly desirable commuter destination with fastest journey time to Central London of only 54 minutes.
- Prominent and attractive office building in the heart of the city centre, within a 3 minute walk of Brighton Railway station.
- Arranged over lower ground, ground and four upper floors with a total net internal area of 11,514 sq ft (1,069.6 sq m).
- Valuable and rare city centre car parking for 12 vehicles.
- Majority let to British Broadcasting Corporation and the Sprung Studios Limited. Total current net income of £263,097 per annum (including vendor top ups on third and fourth floors).
- Opportunity to refurbish currently vacant third and fourth floors and re let at enhanced rents.
- Explore potential for alternative uses, including a conversion to residential, education or medical subject to planning and vacant possession. Potential future FBLR use at ground floor.
- Offers in excess of £2,450,000, subject to contract and exclusive of VAT, reflecting net initial yield of 10.1% (assuming vendor top up on third and fourth floors).
- Capital value of £213 per sq ft on the net internal area. Freehold.
In addition the property includes a separate freehold car park situated at 75A Upper Gloucester Road
(approx. 100 metres from Imperial House), with parking for 12 vehicles.
The lower ground, ground and first floor levels are occupied by BBC Radio Sussex, with recording studios and associated support areas at lower ground and ground floor level, and their own reception/entrance at ground floor level to Queens Road.
The property has a second entrance off Queens Road leading to an entrance lobby, passenger lift and
circulation staircase, (both serving all floors).
To the rear of the property there is a courtyard with a bin store and bicycle parking rack, and a further
access to the rear of the building into the lower ground and ground floor areas.
The offices provide clear open plan accommodation with excellent levels of natural light from front and rear, and good floor to ceiling heights.
The specification includes the following features:
Solid floors with perimeter trunking
Air coniditioned
Clear floor to ceiling height of c2.4m
6 person Pickerings passenger lift serving all floors
WCs on alternate levels
12 car spaces (at 75A Upper Gloucester Road)
Property information from this agent
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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