Property for sale in 31 Old Steine, Brighton

Property - £750,000

31 Old Steine, Brighton

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First listed on: 26th April 2018

Nearest stations: Brighton (0.7 mi)London Road (Brighton) (1.1 mi)Hove (1.8 mi)Preston Park (2 mi)Moulsecoomb (2 mi)

Interested in this property? Call See phone number 01273 601060

Further Informations

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Property Features

  • Four Storey Period Building
  • Overlooking Steine Gardens
  • Fitted Club and Refurbished Studio Apartments
  • Adjacent to Brighton Seafront

Property Description

A prominent and highly visible four storey period building overlooking Steine Gardens and the seafront, comprising private members bar arranged over ground, lower ground and part first floor together with three refurbished studio apartments and two smaller letting rooms with on-suite facilities. A unique opportunity for an owner occupier or investor to acquire a prime central Brighton freehold. PROPERTY DETAILS Members Nightclub/Bar, plus five s/c apartments over.









Members Nightclub/Bar Accommodation only


720 sq ft


(66.89 m2) ACCOMMODATION Four storey building arranged over ground, three upper floors and lower ground floor as follows; Ground floor 425 sq ft. Lower ground floor 224 sq ft. part First floor 71 sq ft. Total Commercial Accommodation - 720 sq ft (67 m2) Members Club can be leased separately from the residential upper parts on a new lease basis. Self contained upper parts leading to three studio apartments, all front facing and two rear rooms all with on-suite facilities (shower and wc) plus galley kitchen/electric cooking facilities. AMENITIES Fully fitted licensed Members nightclub and bar (further information on request).
Newly refurbished studio apartments on upper floors.
Ground floor entrance to Nightclub/Bar.
Self contained rear entrance from Steine Street to upper parts with accommodation.
Pavement licence for outside seating. FREEHOLD INTEREST Offers invited on a price guide of £750,000 (seven hundred and fifty thousand pounds) with either full vacant possession on completion or subject to any tenancy income. Currently the commercial members club is vacant and the income from the residential upper parts is estimated at £700 pcm for the studios and £350 pcm for the rear letting rooms - total income projected at £2,800 pcm / £33,600 per annum. If the members club/bar was let at £20,000 pa then the potential income would increase to £53,600 pa. LEASEHOLD The commercial element can be leased separately from the residential upper parts at a commencing rental of £20,000 pa, exclusive.
A prominent and highly visible four storey period building overlooking Steine Gardens and the seafront, comprising private members bar arranged over ground, lower ground and part first floor together with three refurbished studio apartments and two smaller letting rooms with on-suite facilities. A unique opportunity for an owner occupier or investor to acquire a prime central Brighton freehold. PROPERTY DETAILS Members Nightclub/Bar, plus five s/c apartments over.









Members Nightclub/Bar Accommodation only


720 sq ft


(66.89 m2) ACCOMMODATION Four storey building arranged over ground, three upper floors and lower ground floor as follows; Ground floor 425 sq ft. Lower ground floor 224 sq ft. part First floor 71 sq ft. Total Commercial Accommodation - 720 sq ft (67 m2) Members Club can be leased separately from the residential upper parts on a new lease basis. Self contained upper parts leading to three studio apartments, all front facing and two rear rooms all with on-suite facilities (shower and wc) plus galley kitchen/electric cooking facilities. AMENITIES Fully fitted licensed Members nightclub and bar (further information on request).
Newly refurbished studio apartments on upper floors.
Ground floor entrance to Nightclub/Bar.
Self contained rear entrance from Steine Street to upper parts with accommodation.
Pavement licence for outside seating. FREEHOLD INTEREST Offers invited on a price guide of £750,000 (seven hundred and fifty thousand pounds) with either full vacant possession on completion or subject to any tenancy income. Currently the commercial members club is vacant and the income from the residential upper parts is estimated at £700 pcm for the studios and £350 pcm for the rear letting rooms - total income projected at £2,800 pcm / £33,600 per annum. If the members club/bar was let at £20,000 pa then the potential income would increase to £53,600 pa. LEASEHOLD The commercial element can be leased separately from the residential upper parts at a commencing rental of £20,000 pa, exclusive.
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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
25/05/2019 Property listed at £750,000
02/02/2019 Property listed at £800,000
27/04/2018 Property listed at £850,000

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Disclaimer

Disclaimer Property reference 13216BN1_sale_18931913_S. Details are provided and maintained by Graves Jenkins. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

1 North Road

Brighton

BN1 1YA

Telephone: See phone number 01273 601060

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference 13216BN1_sale_18931913_S. Details are provided and maintained by Graves Jenkins. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

1 North Road

Brighton

BN1 1YA

Telephone: See phone number 01273 601060

Arrange Viewing Arrange Viewing with Agent

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