Brighton BN1 Retail property (high street) - £18,750 pcm (£4,327 pw)

Built in 1933 on the site of the former Needham's Stores, Electric House is a stunning Art Deco building decorated with Borough arms was built & occupied as an office building occupied by the corporation’s electricity department. Arranged over 5 storeys with a former bank at ground floor & basement with self contained offices accessed from Palace Place on the upper floors which also benefits from a lift. It's considered that the property could be suitable for a variety of uses including, restaurant, hotel, leisure, retail or offices (STPC).

The property is situated in a highly prominent location at the bottom of North Street over looking The Old Steine. Whilst opposite to the east is St James's Street, Brighton City Centre is to the west where the property has easy access to both the Lanes & The North Laine shopping areas. Nearby occupiers include Sainsbury's Local, Hugo Boss, Hobbs, French Connection, Molton Brown & Pret A Manger.

Available to let on a new full repairing and insuring lease for a term to be agreed with upward only rent reviews at appropriate intervals. The whole building is available for £500,000 per annum exclusive, whilst our client will alternatively let just the basement & ground floor for £225,000 PAX or the 1st, 2nd & 3rd floors for £275,000 PAX.

Measurements published have been provided by landlord.

The property will benefit from an increase in pedestrianised area directly in front of it as part of the VG project & further details can be seen on the following link. [use Contact Agent Button]-010-07_C%20-%20GA.pdf