Long Leasehold Garage Block; 23 Spaces Vacant And 4 Spaces Sold Off On Long Leases

Originally constructed in circa 1936, the property comprises a detached building being the former garage block that served the adjoining Wick Hall mansion block. The garage block is on 2 floors with a driveway access from Furze Hill leading to a ramp up to the first floor and a driveway to the West side of the block serving the ground floor. On the ground floor 4 of the garage spaces are sold off on long leases (150 years from 29 September 2008 ) producing a ground rent income (£200 per annum total ( rising). The sold off car spaces have a service charge liability of 3.23% per space save for space 8 which is 4.55% The remainder of the building is offered with vacant possession and comprises several store rooms with 16 car spaces on the upper level and 7 car spaces on the lower level. Situation Wick Hall opposite to St Ann's Well Gardens, a public park with a cafe that The area is residential within walking distance to the main shopping and leisure areas, yet conveniently tucked away from the busiest areas of town. Equidistant from Hove seafront and Seven Dials, it is less than 10 minute walk to both. Brighton Station is 1 mile away with connections to the rest of the South Coast, Gatwick, and London. Brighton Pier and the Laines are also only 1 mile away. You also have convenient links to the A23 and A27.

Planning

Recent planning applications have been submitted for:- a) Partial conversion of lower ground garage to create 1 studio and 1 one bedroom flat (c3) BH2024/01271 - submitted 22nd May 2024 - REFUSED b) Alterations to existing workshop area to form rooms and external courtyards BH2024/00933 - submitted 15th April 2024 c) Further previous applications have been refused BH2023/03431 and BH2022/03529 ALL INFORMATION AND DRAWINGS available on Brighton & Hove Planning Website-Please note that any change of use would require the Freeholders Consent.

Tenure Note

Leasehold 999 years from 29 September 1935 Ground rent £2,500pa fixed Title The property is held on a long leasehold term of 999 years from 29th September 1935. Ground rent fixed at £2,500. Copy lease in legal pack. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Note Wick Hall (Hove) Freehold Limited retain a right to deposit refuse bins (14) on the land (refer to the TPI in legal pack for exact detail).

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.