Queensbury House, 104-109 Queens Road, Brighton, Sussex
South East
dba046
Tenure: Freehold
Tenancy: Multi Let
Investment summary
•Queensbury House provides retail accommodation on the ground and basement floors with offices on first to fifth floors, and an apartment on the sixth floor.
•The property has been substantially refurbished in recent years and provides open plan accommodation with air-conditioning, double glazed windows and recessed Category II lighting. The building benefits from two six person passenger lifts. The total net internal floor area is 3,304.1 sq m (35,566 sq ft), excluding the residential element.
•At the date of sale the property was multi-let to Dreams Plc, Royal London Mutual, Taylor Gordon & Co Ltd, Subway Realty Ltd, Eagle Star Inn. Co. Ltd, Commercial Union Assurance Ltd and International HIV/AIDs, on FRI terms with a passing rent of £472,008 per annum.
•Net initial yield 6.7%.