Entirely let to Pavilion Reach Limited on a 15 Year Lease until 2027
Attractive 6 storey Georgian style guesthouse with 11 bedrooms and 7 bathrooms
Prominent position on Grand Parade opposite the Royal Pavilion
5 minutes to the Brighton Pier and Seafront
Lot 3
Auction 9th July 2014
Rent £27,500 per Annum Exclusive
Status Sold
Price £590,000
Sector Leisure
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
55 miles south of Central London, 24 miles west of Eastbourne
Roads
A23, A27, A26
Rail
Brighton Rail Station
Air
London Gatwick Airport (28 miles)
Situation
The property is located on the east side of the A23 Grand Parade opposite the Royal Pavilion and close to the junction with Edward Street. Brighton city centre, The Lanes, the pier, seafront and railway station are all within a short walk from the property.
Tenure
Freehold.
Location
Miles
55 miles south of Central London, 24 miles west of Eastbourne
Roads
A23, A27, A26
Rail
Brighton Rail Station
Air
London Gatwick Airport (28 miles)
Situation
The property is located on the east side of the A23 Grand Parade opposite the Royal Pavilion and close to the junction with Edward Street. Brighton city centre, The Lanes, the pier, seafront and railway station are all within a short walk from the property.
Tenure
Freehold.
Description
The property comprises an attractive Georgian style townhouse with 6 storeys of guesthouse accommodation. There are 11 bedrooms, 7 bathrooms and the current configuration can accommodate groups of up to 34 people. The property has views of the Royal Pavilion to the front and a small courtyard to the rear.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an attractive Georgian style townhouse with 6 storeys of guesthouse accommodation. There are 11 bedrooms, 7 bathrooms and the current configuration can accommodate groups of up to 34 people. The property has views of the Royal Pavilion to the front and a small courtyard to the rear.
VAT
VAT is not applicable to this lot.
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
Reviews
Lower Ground Ground First Second Third Fourth
Guesthouse
32.70 sq m 70.19 sq m 56.27 sq m 59.65 sq m 59.65 sq m 45.84 sq m
(1) The property trades as the Brighton Pavilion Gatehouse, please visit their website for further details. www.brightonpaviliongatehouse.co.uk (2)There is a tenant’s option to determine the lease on 12/11/2017 and 12/11/2022, requiring not less than 3 months notice in writing. There is a tenant’s deposit of £6,875 held by the Landlord which is repayable 5 years from the commencement of the lease. Please refer to the legal pack for further details.
Contacts
Seller's Solicitors
Hamlins Roxburghe House, 273-287 Regent Street London W1B 2AD 020 7518 9100
