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Ovingdean Hall, Brighton, BN2 7BA
8.2 acres / Other
Withdrawn - Last updated: 21 July 2024
• Substantial College Campus in Ovingdean, an attractive village 3 miles east of Brighton.• Comprising a Grade II Listed former Georgian House, 4 accommodation blocks, theatre, indoor swimming pool, sports pitches and two houses within extensive grounds.• A substantially undeveloped site totalling 8.19 ha (20.24 acres) within an attractive village, surrounded by residential uses.• Freehold. Producing an income of £1,208,235 pa• Fixed 8% rental increases 5 yearly• Let on FRI terms with 16.5 years unexpired to Ovingdean Hall College Ltd with Galliard Holdings Ltd and Galliard (Group) Ltd as guarantors.• Offers are sought in the region of £19 million, subject to contract and exclusive of VAT reflecting a net initial yield of 6%.• The SPV holding the asset may be available, potentially augmenting returns.
Location
Ovingdean Hall, Brighton , BN2 7BA, Sussex, South East
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