38 Grand Parade & 18 Circus Street Brighton East Sussex BN2 9QA

  • 38 Grand Parade & 18 Circus Street<br>Brighton<br>East Sussex<br>BN2 9QA

38 Grand Parade & 18 Circus Street
Brighton
East Sussex
BN2 9QA

Freehold Retail/Residential Redevelopment Opportunity

  • Well located on busy arterial thoroughfare
  • Includes a 3 bedroom flat and a 5 bedroom maisonette
  • 38 Grand Parade is Grade II Listed
  • Redevelopment potential (subject to consents) of rear unit
  • Close to University of Brighton, The Royal Pavilion, main shopping district and seafront
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    7
  • Auction
    12th February 2015
  • Vacant Possession
  • Status
    Sold
  • Price
    £670,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail/Residential Redevelopment Opportunity

  • Well located on busy arterial thoroughfare
  • Includes a 3 bedroom flat and a 5 bedroom maisonette
  • 38 Grand Parade is Grade II Listed
  • Redevelopment potential (subject to consents) of rear unit
  • Close to University of Brighton, The Royal Pavilion, main shopping district and seafront
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 7
  • Auction 12th February 2015
  • Vacant Possession
  • Status Sold
  • Price £670,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
11 miles east of Worthing
21 miles west of Eastbourne
50 miles south of Central London
Roads
A23, A270, A27, A26
Rail
Brighton Railway Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the east side of the busy Grand Parade (A23), the main arterial route into the city centre, at its junction with Marlborough Place opposite Victoria Gardens.
The University of Brighton, The Royal Pavilion, The Lanes, the pier, seafront and railway station are all within a short walk of the property.

Tenure

Freehold.

Location
Miles
11 miles east of Worthing
21 miles west of Eastbourne
50 miles south of Central London
Roads
A23, A270, A27, A26
Rail
Brighton Railway Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the east side of the busy Grand Parade (A23), the main arterial route into the city centre, at its junction with Marlborough Place opposite Victoria Gardens.
The University of Brighton, The Royal Pavilion, The Lanes, the pier, seafront and railway station are all within a short walk of the property.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation in the basement and self-contained residential accommodation currently part furnished as student accommodation on the first, second and third floors accessed from Grand Parade.
In addition there is a two storey building to the rear accessed from Circus Street that is in a poor state of repair.
The property will benefit from the substantial Municipal Market regeneration site located immediately to the rear. The scheme was granted formal planning consent on 17th September 2014 by Brighton & Hove City Council Planning Committee and comprises a mixed use scheme of 142 new homes, 450 student units, 3,000 sq m of office space and ground floor retail accommodation
(Source: http://www.brighton-hove.gov.uk).

Planning
The property may be suitable for redevelopment, subject to consents.
Brighton & Hove City Council.
Hove Town Hall, Norton Road, Hove BN3 3BQ.
Tel: 01273 292222.
Email: planning.applications@brighton-hove.gov.uk

Six Week Completion

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 not 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 retail unit with ancillary accommodation in the basement and self-contained residential accommodation currently part furnished as student accommodation on the first, second and third floors accessed from Grand Parade.
In addition there is a two storey building to the rear accessed from Circus Street that is in a poor state of repair.
The property will benefit from the substantial Municipal Market regeneration site located immediately to the rear. The scheme was granted formal planning consent on 17th September 2014 by Brighton & Hove City Council Planning Committee and comprises a mixed use scheme of 142 new homes, 450 student units, 3,000 sq m of office space and ground floor retail accommodation
(Source: http://www.brighton-hove.gov.uk).

Planning
The property may be suitable for redevelopment, subject to consents.
Brighton & Hove City Council.
Hove Town Hall, Norton Road, Hove BN3 3BQ.
Tel: 01273 292222.
Email: planning.applications@brighton-hove.gov.uk

Six Week Completion

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 not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) (1) Possession
38 Grand Parade Basement
Ground
First
Second
Third		 Ancillary
Retail
Residential
Residential
Residential
41.57 sq m
81.56 sq m
51.53 sq m
58.53 sq m
38.18 sq m
(447 sq ft)
(878 sq ft)
(555 sq ft)
(630 sq ft)
(411 sq ft)
 VACANT POSSESSION
18 Circus Street Ground
First		  
30.92 sq m
30.92 sq m
(333 sq ft)
(333 sq ft)
 VACANT POSSESSION
Totals    
333.21 sq m
(3,587 sq ft)
  

(1) The property has been measured on a Gross Internal basis.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Hamlins Roxburghe House, 273-287 Regent Street
London
W1B 2AD 020 7518 9100
Mark Hurst +44 (0)20 7355 6000mhurst@hamlins.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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