*****£1,000,000-£1,250,000*****
Sealed bids are invited by 1st June.
An excellent development opportunity to acquire the freehold interest of this prominent building in a prime central Brighton location, benefitting from full planning permission and completed Section 106 agreement for conversion into six luxury one-bedroom apartments.
The developers are in possession of an up-to-date valuation prepared by Vail Williams, reflecting an anticipated Gross Development Value of approximately £2,385,000. Build cost quotations have also been obtained, ranging between £450,000 and £550,000.
Occupying a highly sought-after position overlooking the Royal Pavilion and within a short distance of Brighton seafront, the completed apartments would be ideally suited to both the private rental market and the lucrative short-term holiday let sector, with strong potential for Airbnb demand due to the exceptional location and landmark views.
Proposed Accommodation:
Basement Flat – 722 sq ft – One-bedroom apartment with private patio garden
Ground Floor Flat – 570 sq ft – One-bedroom apartment
First Floor Flat – 488 sq ft – One-bedroom apartment
Second Floor Flat – 491 sq ft – One-bedroom apartment
Third Floor Flat – 499 sq ft – One-bedroom apartment
Fourth Floor Flat – 474 sq ft – One-bedroom apartment
For further information, planning documentation, and access arrangements, please contact us directly.
Under the terms of the Estate Agency Act 1979 (section 21) please note that the Vendor of this property has an affiliation or connection with Avard Estate Agents.
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143 Ditchling Road, Brighton, East Sussex, BN1 6JA
