MIXED USE RETAIL & RESIDENTIAL INVESTMENT PLANNING CONSENT FOR 2 NEW MAISONETTES TO THE REAR

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Coral Garrison
5 years ago
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1 67 Western Road, Brighton, East Sussex BNI 2HA FOR SALE MIXED USE RETAIL & RESIDENTIAL INVESTMENT PLANNING CONSENT FOR 2 NEW MAISONETTES TO THE REAR Agency Lease Advisory Management Valuation Investment Development

Key Features Mixed use investment property Strong city centre location Planning consent for 2 further maisonettes Location Brighton is one of the largest retailing centres in the south east of

2 Key Features Mixed use investment property Strong city centre location Planning consent for 2 further maisonettes Location Brighton is one of the largest retailing centres in the south east of England located 56 miles south of London. The city has a catchment population of 744,000 with 507,000 within the primary catchment. The town also benefits from good socio-economic demographics, with 50% of the population classed within the ABC1 category. Brighton is ranked 1st of the PROMIS Centres on the basis of rental performance between 2008 and The property is located on the southern side of Western Road approximately 200m to the west of Churchill Square - Brighton s principle shopping centre. Nearby occupiers include Argos, McDonalds, Poundland, Trailfinders, KFC, Vodafone etc. Accommodation A mixed use four storey mid terraced investment property comprising retail & residential accommodation with planning consent to develop 2 further maisonettes to the rear. We understand the commercial ground and basement floors to comprise the following Net internal areas: Ground floor shop sq m (567 sq ft) Ancillary basement sq m (550 sq ft) Total sq m (1,117 sq ft) The upper parts comprise a large self-contained maisonette (approx 912 sq ft GIA) with self contained access from Stone Street. The maisonette comprises 2 reception rooms, kitchen, bathroom, WC and 2 bedrooms. 1 of the reception rooms could alternatively be used as a 3rd bedroom.

4 Existing layout plans Approx: Gross Internal Area = sq m / 2,393 sq ft General note This drawing is to be read in conjunction with all other relevant drawings, schedules and specifications issued by Floorplanz Ltd. REAR YARD WITH PLANNING CONSENT TO DEVELOP 2 NEW MAISONETTES All interior dimensions including ceiling heights are taken to and from finished surfaces unless otherwise stated. All levels and dimensions must be checked on site. Any discrepancies with the information depicted in this drawing must be reported in writing to Floorplanz Ltd. Responsibility can not be accepted for alterations made to this drawing without prior permission from Floorplanz Ltd. This drawing must not be photocopied, scaled or reproduced otherwise scale accuracy can not be guaranteed. This drawing should not be used in any circumstances for any structural calculation or building construction / demolition work. IPMS INTERNAL AREAS NIA = SQ M / 1117 SQ FT LIMITED USE = 24 SQ M / 258 SQ FT GROUND FLOOR PLAN SCALE 1:100 FIRST FLOOR PLAN SCALE 1:100 SECOND FLOOR PLAN SCALE 1:100 = LIMITED USE AREA = NET INTERNAL AREA NO.17 PROJECT 67 WESTERN ROAD, BRIGHTON, BN1 2HA DRAWING FLOOR PLAN APPROXIMATE G.I.A SQ M / 2393 SQ FT CONCEALED PIPEWORK SCALE 1:100 DRAWN CG PAPER SIZE A3 CHECKED CH POWER INLET FPZ DATE 05/09/2016 LOWER GROUND PLAN SCALE 1:100

5 LGF-01 LGF-04 LGF LGF x 197 = 2, LGF-02 LGF-07 LGF x 169 = 2, GF x 169 = 2,870 GF-03 GF-04 7 GF F-02 1F-01 1F-04 1F-05 1F-03 1F-06 2F-01 2F-02 2F-03 H General updates G General updates F General updates E General updates D Scheme amended C Page layout amended B Issued for comment A Issued for comment # Issued for comment Plan showing consented drawing for 2 new maisonettes located to the rear of the yard LGF COMMERCIAL PROPERTY AT 67 WESTERN ROAD GF COMMERCIAL PROPERTY AT 67 WESTERN ROAD New enclosed staircase to existing flats over 67 Western Road Existing flat roof structure to be stripped back and replaced with new high performance built up felt roof finish Secure refuse store for Subway Hall Bicycles New ambulant staircase to connect to First Floor flats in existing building from half landing Lobby Stairwell Opaque glazed panels with white powder coated aluminium framed window to head of stairwell Lobby Double height window with void to maximise natural light into rear bedroom. Windows to be white powder coated aluminium frames Lobby Double height void with internal and external glazing to create naturally ventilated lightwell to rear bedroom at First Floor Stairwell Bedroom 14 x 197 = 2,760 Hall Hall Lobby Bathroom Bathroom Kitchen Living Kitchen Living Bedroom Bedroom Oversized solid timber door to allow for bin access from Subway Terrace Terrace Terrace 1 Lower Ground Floor Scale -1:50 0 1m 2.5m Scale -1:50 2 Ground Floor 0 1m 2.5m Scale -1:50 3 First Floor 0 1m 2.5m Scale -1:50 4 Second Floor 0 1m 2.5m

Lease The ground and lower ground floor shop are let to GB Sub Ltd with R Sharma (Director of GB Sub Ltd) as guarantor. The lease is for a term of 15 years from 4 August 2014 expiring 3 August 2029.

6 Lease The ground and lower ground floor shop are let to GB Sub Ltd with R Sharma (Director of GB Sub Ltd) as guarantor. The lease is for a term of 15 years from 4 August 2014 expiring 3 August The passing rent is 39,000 per annum exclusive of other outgoings. The rent is subject to 5 year upward only rent reviews (the next review is 4 Aug 2019). The tenant has a right to break the lease on 4 August 2024 subject to serving a minimum of 6 months prior written notice. The maisonette has been refurbished to a high standard and has been kept empty since these works. In the current market the expected rent is 18,000 per annum on an AST. VAT Rents and prices are quoted exclusive of, but may be subject to VAT. Viewings and Further Information Strictly by appointment through the joint agents Flude Commercial and Charters Commercial Please contact: Andrew Halfacree / Ed Deslandes a.halfacree@flude.com / e.deslandes@flude.com Telephone: Planning Planning consent has been granted - ref: BH2015/ to develop a 4 storey building on the yard to the rear of the property (known as 17 Stone Street) to provide 1 x 1 bed maisonette and 1 x 2 bed maisonette. Interested parties are advised to make their own planning enquiries. A copy of the plans showing the consented scheme are attached. Terms The Freehold interest is offered for sale at a guide price of 1,250,000. EPC TBC Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property. Stephanie Thorne stephanie.thorne@charterscommercial.co.uk Legal Fees Each party to bear their own legal costs incurred. 13 September 2016

7 GOAD Boundaries shown are Experian for identification Goad Plan Created: purposes 14/09/2016 only

8 Location Maps Boundaries shown are for identification purposes only

FOR SALE. 28 Crescent Road, Brighton BN2 3RP

FOR SALE. 28 Crescent Road, Brighton BN2 3RP FOR SALE Office building set within private garden. Secluded elevated position with superb views to Brighton city centre. 397.06 sq m (4,274 sq ft) Agency Lease Advisory Management Valuation Investment