Offers in region of
£2,100,000
(£258.94/sq. ft)
Property for sale38-42 Brunswick Street West, Hove BN3
8,110 sq. ft
Freehold
About this property
Secure educational investment in established university town
8,110 ft2 (753 m2) plus adjacent parking/yard 2,245 ft2 (208 m2)
To be let to bimm University Limited Credit safe risk score 100/100 Very low risk
New 15-year full repairing lease on completion, with or without a 10 year tenant's option to determine
Commencing Rent of £150,000 per annum exclusive with 5 yearly cpi linked rent reviews
Description
The building comprises a semi-detached brick-built property made up of 3 interconnecting units with triple pitched corrugated insulated roofs. It has part double glazing and secondary glazing, heating/cooling and an accessible lift. It is fitted by the current occupiers for its purpose as an educational facility for the teaching of music. It is several study areas with additional specialist teaching rooms. Externally there is an area of parking/hardstanding.
Location
The property is situated between Brighton city centre and Hove approximately 1 mile between Brighton and Hove stations. Brighton is a vibrant coastal city known for its diverse culture, historic landmarks. It is a popular destination for leisure, tourist and business visitors. There are two universities in the town being Brighton University and the University of Sussex. Based on Brighton & Hove City Council (2021- 2022 data) figures there are total 37,700 students at universities in Brighton & Hove with 17,835 at the University of Brighton and 19,865 at the University of Sussex. This represents approximately 4% of the student population of England. Bimm University have 1,500 Students in their Brighton colleges.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupants.
Terms
We are instructed to invite offers for the freehold interest subject to a leaseback to bimm University Limited on either of the following basis.
A. A 15 year lease with a tenant’s options to determine at the end of the 10th year or
B. A 15 year lease without a tenant’s option to determine at the end of the 10th year.
The building comprises a semi-detached brick-built property made up of 3 interconnecting units with triple pitched corrugated insulated roofs. It has part double glazing and secondary glazing, heating/cooling and an accessible lift. It is fitted by the current occupiers for its purpose as an educational facility for the teaching of music. It is several study areas with additional specialist teaching rooms. Externally there is an area of parking/hardstanding.
Location
The property is situated between Brighton city centre and Hove approximately 1 mile between Brighton and Hove stations. Brighton is a vibrant coastal city known for its diverse culture, historic landmarks. It is a popular destination for leisure, tourist and business visitors. There are two universities in the town being Brighton University and the University of Sussex. Based on Brighton & Hove City Council (2021- 2022 data) figures there are total 37,700 students at universities in Brighton & Hove with 17,835 at the University of Brighton and 19,865 at the University of Sussex. This represents approximately 4% of the student population of England. Bimm University have 1,500 Students in their Brighton colleges.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupants.
Terms
We are instructed to invite offers for the freehold interest subject to a leaseback to bimm University Limited on either of the following basis.
A. A 15 year lease with a tenant’s options to determine at the end of the 10th year or
B. A 15 year lease without a tenant’s option to determine at the end of the 10th year.
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