Flude Commercial acted in the acquisition of 78 West Street, Brighton by Silvercoin Investments Ltd.
The site comprises a substantial former nightclub which has lain mainly vacant for the past 10 years.
Planning consent was secured in 2016 for the redevelopment of the site for a 133 bed hotel with associated facilities.
Tunbridge Wells based development consultants, Decimus Ltd, advised Silvercoin, on the site with the intention of developing the hotel during the next 18 months.
Andrew Halfacree at Flude Commercial commented – “this is a significant city centre site in a popular central location. The redevelopment of this site will bring a much needed enhancement of the location. In turn we will see the provision of further high quality hotel accommodation for the city and improved vibrancy to both the West Street and Middle Street frontages of this site”.
Will Thomas, who heads retail and leisure agency services at Flude Commercial commented – “as well as providing high quality hotel accommodation the proposed includes accommodation suitable for retail / restaurant use. We expect good interest from prospective occupiers for this space”.