Fixed price
£2,000,000
(£228.10/sq. ft)
Property for saleLighthouse Building, 28 Kensington Street, Brighton, East Sussex BN1
8,768 sq. ft
About this property
Long Leasehold investment for sale
105 years unexpired
Situated in central Brighton
Total income from tenancies of £165,720 per annum; plus ad hoc rents of approx. £55,000 per annum
Lighthouse is a charity organisation which supports artists who use digital technology in their work and helps people find routes into and succeed within the creative & cultural industries. From this central Brighton venue, they offer education and talent development programmes, commission artists to make and present new work, and produce exhibitions, talks and residencies.
The property has multiple office suites which are currently let on leases and licences by Lighthouse to a variety of businesses. The building is made up of self-contained, open plan, office suites which are accessed through a large, shared reception/function area which can be used by the tenants. There are no time restrictions when using the premises, and each tenant shares the communal areas including the kitchen, shower, WCs (including disabled WCs), wet room and cycle storage. The office space has good natural light with venetian blinds, gas central heating and suspended grid ceilings with recessed lighting. In addition, separate meeting rooms within the building are available by arrangement on a daily or half daily basis.
The building is ideal for an investor to add to their portfolio or a part owner occupier benefitting from the present income.
The property has multiple office suites which are currently let on leases and licences by Lighthouse to a variety of businesses. The building is made up of self-contained, open plan, office suites which are accessed through a large, shared reception/function area which can be used by the tenants. There are no time restrictions when using the premises, and each tenant shares the communal areas including the kitchen, shower, WCs (including disabled WCs), wet room and cycle storage. The office space has good natural light with venetian blinds, gas central heating and suspended grid ceilings with recessed lighting. In addition, separate meeting rooms within the building are available by arrangement on a daily or half daily basis.
The building is ideal for an investor to add to their portfolio or a part owner occupier benefitting from the present income.
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