37 Vernon Terrace
Brighton
Sussex
BN1 3JH
Oriental Place, Brighton
Offers Over £1,150,000
14 Bedroom Guest House
- Rare Freehold Opportunity
- Mid Terraced Grade II Listed
- Five Storey Period Property
- Currently Trading as a Hostel
- Sui Generis Use Class
- Self-Contained Manager's Cottage
- Comprising 3,770sq ft of Accommodation
- Close to the Seafront
An opportunity to acquire this substantial Grade II Listed mid terraced period property configured over five floors and comprising of 3,770sq ft of accommodation.
Description
An opportunity to acquire this substantial Grade II Listed mid terraced, five storey period property. Originally constructed in circa 1850 as a large villa style seafront house the property has since been converted into and trading as a Hostel under a Sui Generis use with rear self-contained Manager’s cottage accessed from Montpelier Road. Some rooms benefit from oblique sea views, and the property would suit an investor or owner occupier but may be suitable for residential development, subject to the necessary planning consents.
Situation
Oriental Place is located in a popular area close to the seafront and i360. Brighton city centre is a short walk away with Brighton railway station also in close proximity.
Accommodation
The property has the following approximate Net internal floor areas:
LOWER GROUND FLOOR - 64.92 sq.m. / 698.79 sq.ft
GROUND FLOOR - 56.21 sq.m. / 605.03 sq.ft
FIRST FLOOR - 61.02 sq.m. / 656.81 sq.ft
SECOND FLOOR - 54.24 sq.m. / 583.83
THIRD FLOOR - 54.24 sq.m. / 583.83
MANAGERS COTTAGE
GROUND FLOOR - 31.61 sq.m. / 340.24 sq.ft
FIRST FLOOR - 28.02 sq.m. / 31.60 sq.ft
TOTAL FLOOR AREA - 350.26 / 3770.16
Tenancy
Let to Stay Brighton Ltd on a full repairing and insuring (FRI) Lease for a term of 3 years from 1 February 2023, expiring 1 June 2026. The current passing rent is £50,000 per annum, exclusive. The lease is stated to be outside the landlord and tenant act.
Business Rates
Current - £42,000
1 April 2026 - £37,750
EPC
To be applied for
Council Tax(Managers Cottage)
Band D
VAT & Legal Fees
We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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