The property comprises of a substantial freehold building of standard brick construction under a tile pitched roof.
The property is accessed via a vibrant blue door entrance with new fixtures and fittings. The entire ground floor retail / office area has been refurbished throughout and benefits from brand-new luxury vinyl tile flooring, energy efficient LED lighting (on a PIR sensor system) and ample electrical and data points scattered throughout. A premium hardwearing commercial grade dark oak-coloured floor connects the front and back areas and extends into the hall. There is an original feature fireplace. A previously boarded up window at the rear has now been opened up to provide a light and spacious feel to the property. At the rear of the property is an enclosed south west facing yard area of 134 sq ft which has been redecorated throughout.
Going downstairs there are two generously sized, independently lockable store rooms. One has an original feature fireplace.
The cloakroom has a brand-new sink, tap and vanity unit. Also, a previously boarded up window, now revealed, allows more light from the adjacent room to enter.
All windows have blinds for privacy installed.
The upper floors have been sold off on a long leasehold basis.
Location
The property is located in central Brighton close by to the main shopping centre, the popular and historic ‘lanes’ and the much-acclaimed seafront where the popular Palace Pier is situated. Nearby occupiers include Loaft, Zizzi’s, Food for Friends, ASK, Caffe Nero, Trevor Sorbie and Molton Brown alongside many other national and independent retailers and restaurants.
The Lanes NCP car park is approximately 2 minutes away by foot, while Brighton mainline railway station is 0.6 miles away from the property which provides regular services to along the coast and north to London (journey time of 1 hour).
Number 12 Prince Albert Street was once the grand central entrance to what was an old schoolhouse, connecting to the adjoining properties 11 and 13. The cellar of this property once had a doorway (now bricked-up), behind which are the tunnels which linked up under many shops in Brighton for a seaside smuggling route!
This is an extremely rare opportunity to acquire a freehold which has come to the market for the first time in 40 years. This particular location has proved outstanding for retail traders as it is has historically been named the Number 1 Shopping Location in the whole of Brighton on TripAdvisor for several consecutive years.
Accommodation
The property has the following approximate floor areas:
Lower Ground Floor - 328 sq ft
Ground Floor - 318 sq ft
Total Area - 646 sq ft
Terms
Terms - The property is available freehold with full vacant possession of the ground floor and basement. In addition any sale will benefit the new landlord to a long lease on the first and second floors for 99 years from 24th June 1987, 61 years unexpired.
Alternatively our clients would consider a letting of the ground floor and basement on FR&I Lease terms outside the 1954 Landlord & Tenant Act. Further details available upon request.
Guide Price / Rent & VAT - OIEO £385,000 (Three Hundred & Eighty Five Thousand Pounds)
£25,000 Per Annum Exclusive
VAT is not to be charged on the quoting terms.
Business Rates - According to the VOA (Valuation Office Agency) the rateable value currently is £24,250. Interested parties are asked to contact Brighton & Hove City Council to confirm the costs associated with their business.
Legal Costs - Each party to be responsible for their own legal costs.
EPC - D(89)
Anti-Money Laundering - In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
Specification
- Situated in A Highly Prominent Position of the City Centre, close by to The Lanes, Seafront and Main Shopping Centre.
- Nearby Occupiers Include Zizzi’s, Food for Friends, Caffe Nero, Trevor Sorbie and Molton Brown
- Suit Owner Occupier or Investor
- Freehold Opportunity or Available By Way of New FR&I Lease
- Recently Refurbished & Superbly Presented
- Viewing Highly Recommended