Offers in Region Of £1,200,000

• Prime City Centre Development Site For Sale
• PP for 5 Houses on Main Site + 1 on Adjacent Plot
• Potential Loft Bedroom (STP)
• Vacant Possession Provided
• Popular & Sought After Residential Area
• Plans & Further Information are Available by Request

Location:

Located in the popular seaside resort of Brighton, which affords excellent amenities available across the city, Queens Park & Hanover are an extremely popular and sought after part of the City and the subject property is situated on the east side of Valley Gardens, north of the popular and eclectic Kemp Town area. There are popular schools within the local vicinity and Queens Park itself is a short walk to the south, together with the popular Kemp Town area. Brighton & London Road mainline train station is approx. 1.3 miles away.

The premises can be found on Google Maps by typing in the following postcode: BN2 9ZB.

Description:

The sites are offered as one lot and offers are invited in the region of £1.200,000 for the freehold interest.

The planning permission for residential development was established in 2002 and started as a larger site which included further land in Down Terrace. This original site was granted 9 units under consent BH2002/02558. 4 units were built to implement this consent and further amendments were then approved under application BH2020/02624 for the remaining 5 units. The consented 3 bed units fronting Queens Park Road could be reconfigured with better ground floor space, together with an additional 4th bedroom in the loft space (STP) - which would enhance the sale value considerably. Plans and further information are available by request.

Site:

Total site area: 0.17 acres / 0.07 hectares

Tenure:

Freehold

Price:

The sites are to be offered as one lot and Offers are invited in the region of £1.250,000 for the freehold interest.

Business Rates:

The rateable value from April 2023 provided by the Valuation Office Agency is £14,700. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £7335.30.

VAT:

We understand that VAT will be chargeable on the main site. In addition, we have been informed that any S106 payments previously due, have now been discharged. 

Use:

We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal fees:

Each party is responsible for their own legal fees in this transaction.

Viewing:

Strictly by appointment with Sole Agents, Jacobs Steel.