Brighton City Centre multi let office with strong asset management potential within a 2 minute walk from Brighton Station
Summary
- Prominent city centre freehold Brighton office investment
- Passing rent of £276,770 per annum
- Significant reversionary potential
- Refurbished in 2020
- 0.24 acre (0.10 hectares) town centre site providing a site coverage of 42%
- Multi let to 3 tenants with a diverse income portfolio
- Opportunity to lease up the vacant suites
- Freehold
Location
Brighton is a vibrant coastal city located on the south coast of England, approximately 54 miles south of Central London. It is well-connected by the A23 which provides direct access to the M23 and M25 motorways, connecting the city to London, the South East, and beyond. By rail, Brighton Station provides direct Southern Rail and Gatwick Express services to London and Gatwick Airport.
Frederick House occupies a prime position at the junction of Frederick Place and Gloucester Road, just off the bustling Queens Road and approximately 150 metres from Brighton Station. This central location places the property within walking distance of all major amenities. Brighton is home to several prominent occupiers, including American Express, BUPA and Barclays, which highlights the location’s growing appeal as both a business and leisure hub. The lively North Laine Quarter, renowned for its independent shops, cafés, and cultural venues, is also just a short walk away from the property.
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Mainline Stations
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Brighton2 mins
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London Road (Brighton)12 mins
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Hove27 mins
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Preston Park27 mins
Further Information
Price Offers in excess of £3,700,000
Rates Payable Upon Enquiry
Service Charge £213,665 per annum
Description
The property was built in 1975 and refurbished in 2020. The works included new heating and cooling, LED lighting, carpet tiles and ceiling tiles on the upper floors, together with improvements to the reception and communal WCs. The landlord is currently refurbishing the ground and first floors, with practical completion expected October 2026. There is further potential to refurbish and improve the roof terrace.
Frederick House comprises 15,973 sq ft NIA of office accommodation arranged over lower ground, ground and three upper floors. Floor plates are configured in a mixture of open plan and cellular layouts, making them highly flexible and capable of multiple occupation.
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