BN1 44-46 Old Steine, Brighton

For Sale: Landmark Multi-Let Office Investment with Asset Management Potential

The investment offers a number of opportunities to enhance income and capital value over the short to medium term, including:

- Immediate letting opportunity across the upper floors, with the vacant Third Floor and forthcoming vacant Second Floor extending to approximately 3,671 sq ft in aggregate and being marketed either together or separately at £22.50 per sq ft.

- Potential to increase rental income through re-letting and future rent reviews across the existing occupational leases.

- Opportunity to refurbish and further reposition the accommodation over time, including potential energy efficiency and ESG-related improvements.

- Potential residential conversion of the Second and Third Floors, with planning applications already submitted and indicative layout plans available.

- Further longer-term redevelopment potential, including the possible addition of a further storey, subject to planning permission and all other necessary consents.

- Ongoing enhancement of the immediate setting through the Valley Gardens Phase 3 public realm improvements, strengthening the long-term occupational and investment appeal of the location.

44-46 Old Steine occupies a prominent landmark position overlooking Old Steine Gardens, at the southern end of the A23 and close to its junction with the A259 seafront route. The property sits at an important gateway to Brighton city centre, within immediate reach of the city's principal commercial, retail, leisure and tourism destinations.

The property is exceptionally well located for Brighton's extensive city-centre amenities. Brighton Seafront, Palace Pier, The Lanes and Pool Valley Coach Station are all within a short walk, together with a wide range of restaurants, cafés, hotels and national and independent retailers. Major occupiers in the wider city centre include American Express, HSBC, Metro Bank, Pret A Manger and Starbucks, alongside a substantial professional and creative business community.

Brighton Railway Station is approximately a 15-minute walk to the north, providing frequent direct services to London Victoria and London Bridge in under one hour and Gatwick Airport in approximately 30 minutes. The property also benefits from excellent regional road connections via the A23 and A259, whilst Pool Valley Coach Station is situated immediately nearby.

A key feature of the location is the Valley Gardens Phase 3 public realm improvement programme, being delivered immediately outside the property. The scheme includes significant landscaping, enhanced pedestrian areas, improved cycling infrastructure and upgraded public transport facilities, and is expected to create a considerably improved setting around Old Steine upon completion.

The combination of the property's high-profile city-centre position, proximity to the seafront and established amenities, strong transport connectivity and significant investment in the surrounding public realm underpins the long-term appeal of 44-46 Old Steine to both occupiers and investors.