Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
11 miles east of Worthing, 21 miles north-west Eastbourne, 52 miles south of London
Roads
A259, A23, A2270
Rail
Brighton Rail (55 minutes to London Victoria)
Air
Brighton City Airport
Situation
The property is situated in a prominent corner location within the heart of Brighton’s busy south lanes area, just off Grand Junction (A259) and East Street, one of Brighton’s main shopping thoroughfares. The property forms part of the former Royal York Hotel, an attractive Grade II Listed building currently occupied by the YHA who provide 180 beds. The property is conveniently located for all the town’s major attractions being within a short walk of Brighton Pier and beach to the south and the Royal Pavilion to the north. Brighton Bus and Coach Terminal is located adjacent to the property providing high footfall, with other nearby occupiers including a number of hotel and leisure establishments as well national retail occupiers such as Reiss, All Saints, Toni & Guy and Barbour Clothing on nearby East Street.
Tenure
Long Leasehold. Long Leasehold. Held for a term of years expiring on 30 August 2155 at a peppercorn rent.
Location
11 miles east of Worthing, 21 miles north-west Eastbourne, 52 miles south of London
Roads
A259, A23, A2270
Rail
Brighton Rail (55 minutes to London Victoria)
Air
Brighton City Airport
Situation
The property is situated in a prominent corner location within the heart of Brighton’s busy south lanes area, just off Grand Junction (A259) and East Street, one of Brighton’s main shopping thoroughfares. The property forms part of the former Royal York Hotel, an attractive Grade II Listed building currently occupied by the YHA who provide 180 beds. The property is conveniently located for all the town’s major attractions being within a short walk of Brighton Pier and beach to the south and the Royal Pavilion to the north. Brighton Bus and Coach Terminal is located adjacent to the property providing high footfall, with other nearby occupiers including a number of hotel and leisure establishments as well national retail occupiers such as Reiss, All Saints, Toni & Guy and Barbour Clothing on nearby East Street.
Tenure
Long Leasehold. Long Leasehold. Held for a term of years expiring on 30 August 2155 at a peppercorn rent.
Description
The property comprises a ground floor unit with basement accommodation. The property currently incorporates an art gallery, tattoo and piercing studio and coffee bar
Six Week Completion
NB. The adjoining YHA Hotel will be offered as Lot 10 in this
catalogue.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor unit with basement accommodation. The property currently incorporates an art gallery, tattoo and piercing studio and coffee bar
Six Week Completion
NB. The adjoining YHA Hotel will be offered as Lot 10 in this
catalogue.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground/Basement
Retail/Ancillary
71.9 sq m
(775 sq ft)
INDIVIDUAL (t/a Chapter XIII) (1)
10 years from 20/02/2015 until 19/02/2025
£18,000
20/02/2020
Totals
71.9 sq m
(775 sq ft)
£18,000
(1) Chapter XIII is an alternative, independent, Urban Art Gallery, bespoke tattoo & piercing studio, with a neat little coffee bar, all nestling in the heart of the south lanes of Brighton. (Source: Chapter13.co.uk 09/11/2015) (2) The lease provides a tenant’s option to determine on 20/02/2018.