Railworks, 43a/43b Providence Street, Brighton, United Kingdom, BN1 4GE

The property forms part of an irregular terrace of buildings, west facing in a mix of uses, opposite St. Bartholomew’s Church, close to the junction of Providence Place with Ann Street. The property is arranged over four floors with brick external elevations.

The building comprises two individual unites (43a/43b) both with independent entrances off Providence Street providing ground floor communal kitchens with seven en suite bedrooms, 14 in total.

We are advised, the gross internal area (GIA) of the property is approximately 485 sq m (5,200 sq ft).

Brighton is England's premier seaside resort destination located on the south coast, approximately 45 miles south of London. Brighton and Hove, as it became known in 1997, was granted City status in 2000. Brighton has numerous tourist attractions including the Royal Pavilion, British Airways i360 tower, the Palace Pier, seafront/promenade and delightful boutique shopping in the Lanes.

There is ready access to the A23 and A27 trunk roads, which lead in turn to the M23 and M25 motorways and the national network beyond. Brighton’s mainline railway station is under half a mile to the west of the property, less than ten minutes’ walk, providing regular direct services to London Victoria (circa one hour) at peak times.

The ground floor to each unit has access from Providence Street with stair access to the en suite accommodation to the upper floors, accessible WC and large communal kitchen with banquette seating.

The first, second and third floors feature two double bedrooms, with bespoke bench seating converting into additional ‘day-beds’ for two/three further guests per room. On these floors, each bedroom has en suite shower room facilities.

On the fourth floors there is a large Executive/Bridal suite with wet room and four person jacuzzi.

The trade fixtures and fittings in situ are included in the asking price. Various items including beds, mirrors, televisions, kitchen ovens and fridges have been removed from the property and do not form part of the sale.

On the instructions of FRP Advisory Trading Limited - Joint Fixed Charge Receivers

The property is being sold with full vacant possession and is currently closed. Prior to closure in late 2022, the business traded profitably and serviced both the corporate and larger party groups.

There is strong demand for short stay accommodation in Brighton which can offer investors higher yields in comparison to properties let on longer term tenancies.

The business commenced trading in 2019 post completion of the conversion works and subsequently ceased operating in late 2022. Historic trading information is available. However, no warranties, indemnities or guarantees will be provided in respect to this historic trading information as it predates the Receiver’s appointment.

Historic trading data will be provided for information purposes only and should not be relied upon in conjunction with the sale of the property.

The property benefits from a Sui Generis Use.

Freehold

Rateable Value as at December 2019: 43a Providence Street £22,500 - 43b Providence Street is £22,500.