Brighton is one of the largest and most affluent commercial centres in the south east of England, easily accessible from central London, and benefiting from excellent transport links and infrastructure. The city has a strong tourist economy and there is a large student population. A number of major employers are based in the city, and there are numerous regeneration projects and new developments coming forward. Brighton is a well known retail destination, with a strong mix of multiple operators and independent retailers. The property is located at the heart of the central retail, hospitality, employment and entertainment area, forming part of the vibrant and diverse North Laine. The area benefits from high footfall, and there are numerous amenities close by, including restaurants, bars, hotels, car parks and frequent bus services. The seafront, railway station and Churchill Square shopping complex are within walking distance.
The property has a prominent frontage to one of the principal retail streets in the North Laine, forming a gateway to the area from North Street. Traders in the immediate vicinity include Ace & Tate, Badger Clothing, Enter Gallery, Clarkes Art Shop, Costa, Cafe Nero and numerous fashion, lifestyle, gift and hospitality operators. The property comprises two shops and a separate first floor studio and office space. The lease of one of the shops expires in 2022 thus offering the opportunity for a review of rental or open market letting.
Total Floor Area
3,956 sqft / 367.52 sqm
Offers are invited in the region of £1,650,000 for the freehold interest of the property (subject to the existing tenancies).
VAT will not be chargeable on the sale
Shop 28: C-67 (exp 2 Dec 31);
Shop 29: D-85 (exp 12 Aug 23);
First Floor: D-79 (exp 2 Dec 31)
By strict appointment with sole agent Graves Son & Pilcher LLP