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25 Old Steine

2,984 SF 100% Leased Office Building Brighton BN1 1EL $2,217,998 ($743/SF) 4.66% Cap Rate

Investment Highlights

  • Mixed residential and office spaces
  • Recent external referbishment
  • Imposing Five Storey Regency Building

Executive Summary

This prominent and imposing five-storey Regency building is situated within yards of the Famous Brighton Pier and is made up of three flats and two offices. The lower ground floor is self-contained from Steine Gardens and consists of two bedrooms, two bathrooms and a rear courtyard. All the other floors are accessed via the main entrance, which is also found on Steine Gardens and up a few steps. The ground floor is let to an office occupier and is made up of two interconnecting offices at the front, with a large meeting room, a kitchenette and WC at the rear, together with a small outside area. The first floor is also let to an office occupier and consists of a large office at the front, with a beautiful bay window and views over Steine Gardens, together with an interconnecting meeting room, which is separated by a glazed wall. At the rear, there is a meeting room with a pitched roof, kitchenette and WC. The top two floors is the Penthouse apartment, which consists of open plan living area, fabulous views and a small rear balcony

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
2,984 SF
Building Class
B
Year Built
1825
Price
$2,217,998
Price Per SF
$743
Cap Rate
4.66%
NOI
$103,422
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
649 SF
Slab To Slab
9’

Amenities

  • Bus Line
  • Convenience Store
  • Restaurant
  • Security System
  • Signage
  • Kitchen
  • Central Heating
  • Common Parts WC Facilities
  • Fully Carpeted
  • Natural Light
  • Listing ID: 31804537

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 25 Old Steine, Brighton BN1 1EL

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