11 - 12 Pool Valley Brighton East Sussex BN1 1NJ

  • 11 - 12 Pool Valley<br>Brighton<br>East Sussex<br>BN1 1NJ

11 - 12 Pool Valley
Brighton
East Sussex
BN1 1NJ

City Centre Retail Investment

  • Let to an individual (t/a Chapter XIII) on a 10 year lease until 2025 (subject to option)
  • Prominent corner location on a busy thoroughfare in popular South Lanes area
  • Forms part of one of Brighton’s oldest historic buildings currently occupied by YHA
  • Nearby occupiers include Reiss, All Saints, Toni & Guy and Barbour
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    3
  • Auction
    10th December 2015
  • Rent
    £18,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £206,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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City Centre Retail Investment

  • Let to an individual (t/a Chapter XIII) on a 10 year lease until 2025 (subject to option)
  • Prominent corner location on a busy thoroughfare in popular South Lanes area
  • Forms part of one of Brighton’s oldest historic buildings currently occupied by YHA
  • Nearby occupiers include Reiss, All Saints, Toni & Guy and Barbour
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 3
  • Auction 10th December 2015
  • Rent £18,000 per Annum Exclusive
  • Status Sold
  • Price £206,000
  • Sector
    High Street Retail
  • 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.

Contacts

Seller's Solicitors
Eversheds LLP 1 Wood Street
London
EC2V 7WS
Tom Goldsmith 0207 919 0939tomgoldsmith@eversheds.com

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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