132-134 North Street, Brighton

Investment - Sold

132-134 North Street, Brighton

Price

£15,150,000

Description

The building provides some of the best accommodation in Brighton. Each floor has substantial floor loadings with floor to ceiling heights in excess of 8m. The ground and first floors are therefore totally flexible with the ability to provide mezzanine floors if required. North street is set to see a substantial improvement with the North Street pavement works conducted by West Register, the Development of the Hanningtons Lane and John Lewis purchasing the boots next door to this block and potentially taking occupation in 2018. Sainsbury’s are currently paying £190,000 with 10 years unexpired, Sports Direct £252,400 with 2 years unexpired and Poundland paying £233,000 with 2 years remaining.

Net Initial Yield

4.2%

Contact Us

Contact one of the team at KLM Retail

Call us on +44 (0)20 7317 3700