30 January 2023
AIRSPACE DEVELOPMENT/INVESTMENT FOR SALE - Kingsmere, Brighton, East Sussex, BN1 6UW
Development, Residential, SHW News
SHW are delighted to bring to market this unique freehold residential airspace development and existing ground lease investment.
Summary:
- The property currently comprises 120 residential apartments sold off on long leases plus 64 garages and 56 parking spaces on site.
- Prior approval given for the erection of an additional two storeys to provide 54 self-contained flats totalling a Net Sales Area (NSA) of 40,882 sq ft (3,798 sqm).
- Ground rent income approximately £11,200 per annum.
- Located within the popular Brighton suburb of Preston Village, approximately 0.3 miles (0.48 km) from Preston Park railway station and 1.5 miles (2.4km) from Brighton railway station.
- 1.5 hectares (3.7 acres).
- Unconditional offers sought for the freehold interest subject to existing long leases.
For further information please contact Harry Speed or Peter Coldbreath:
Harry – 07714 690431 / hspeed@shw.co.uk
Peter – 078505 18269 / pcoldbreath@shw.co.uk
