12 Meeting House Lane Brighton East Sussex BN1 1HB

  • 12 Meeting House Lane<br>Brighton<br>East Sussex<br>BN1 1HB

12 Meeting House Lane
Brighton
East Sussex
BN1 1HB

Freehold Retail and Residential Investment

  • Fashionable city centre location within the popular pedestrianised ‘Lanes’ retail area
  • Planning permission granted for conversion and extension of 5 residential flats and an additional retail unit
  • Nearby occupiers include City News, Kellerwood Jewellers, Pavillion Diamonds Jewellers and a number of other boutique retailers
  • Lot
    20
  • Auction
    29th March 2012
  • Rent
    £52,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £895,000
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of R Stokely and R Haines as Joint LPA Receivers, Edward Symmons
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Freehold Retail and Residential Investment

  • Fashionable city centre location within the popular pedestrianised ‘Lanes’ retail area
  • Planning permission granted for conversion and extension of 5 residential flats and an additional retail unit
  • Nearby occupiers include City News, Kellerwood Jewellers, Pavillion Diamonds Jewellers and a number of other boutique retailers
  • Lot 20
  • Auction 29th March 2012
  • Rent £52,500 per Annum Exclusive
  • Status Sold
  • Price £895,000
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of R Stokely and R Haines as Joint LPA Receivers, Edward Symmons

Property Information

Location
Miles
23 miles south of Crawley, 53 miles south of London
Roads
B2066, A23, A2010, A259
Rail
Brighton Railway Station (55 minutes to London Victoria)
Air
London Gatwick (22 miles)
Situation

The property is situated in a prominent corner location on the western side of the pedestrianised Meeting House Lane, within the popular ‘Lanes’ retail area in Brighton city centre. Nearby occupiers include City News, Kellerwood Jewellers, Pavillion Diamonds Jewellers and a number of other boutique retailers.

Tenure

Freehold.

Location
Miles
23 miles south of Crawley, 53 miles south of London
Roads
B2066, A23, A2010, A259
Rail
Brighton Railway Station (55 minutes to London Victoria)
Air
London Gatwick (22 miles)
Situation

The property is situated in a prominent corner location on the western side of the pedestrianised Meeting House Lane, within the popular ‘Lanes’ retail area in Brighton city centre. Nearby occupiers include City News, Kellerwood Jewellers, Pavillion Diamonds Jewellers and a number of other boutique retailers.

Tenure

Freehold.

Description

The property, a grade II listed building, comprises a retail unit over ground and basement with one self-contained residential unit over three upper floors. Planning permission has been granted for the conversion and extension of the existing first, second and third floor residential unit to form five flats, and to extend the current retail unit or create an additional retail unit at ground floor level. Further details can be accessed from the planning section of the Brighton Hove website http://www.brighton-hove.gov.uk (Application No. BH2011/00652 and BH2011/00635).

VAT

VAT is not applicable to this lot.

Viewings

There will only be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.

Note
This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receiver is not bound to accept the highest or any offer and are acting without personal liability.

EPC

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

Description

The property, a grade II listed building, comprises a retail unit over ground and basement with one self-contained residential unit over three upper floors. Planning permission has been granted for the conversion and extension of the existing first, second and third floor residential unit to form five flats, and to extend the current retail unit or create an additional retail unit at ground floor level. Further details can be accessed from the planning section of the Brighton Hove website http://www.brighton-hove.gov.uk (Application No. BH2011/00652 and BH2011/00635).

VAT

VAT is not applicable to this lot.

Viewings

There will only be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.

Note
This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receiver is not bound to accept the highest or any offer and are acting without personal liability.

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
Ground
 Retail/Storage
102.84 sq m
(1,107 sq ft)
 INDIVIDUALS
(t/a Brighton Lanes Antique
Centre Limited) (1)
 10 years from 11/02/2002
on a full repairing and
insuring lease (2) 		£52,500
First Residential
Not Measured

 VACANT POSSESSION
    
Second Residential
Not Measured

 VACANT POSSESSION
    
Third Residential
Not Measured

 VACANT POSSESSION
    
Totals  
102.84 sq m
(1,107 sq ft)
     £52,500

(1) Brighton Lanes Antique Centre specialises in all types of fine antique furniture, jewellery, silverware and most other collectable household items. (Source: www.brightonlanesantiques.co.uk 05/03/2012)
(2)Please note the tenant is holding over.

Contacts

Seller's Solicitors
Shoosmiths LLP 7th Floor, 125 Colmore Row,
Birmingham
B3 3SH
Beth McArdle +44 (0)370 086 4134beth.mcardle@shoosmiths.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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