Summary - 38-42, BRUNSWICK STREET WEST BN3 1EL
1 bed 1 bath Commercial Property
15‑year leaseback to credit‑safe BIMM with CPI-linked reviews and immediate income.
Let to BIMM University Limited — credit risk score 100/100
A secure, income-producing freehold in a prime university town, let to BIMM University Limited (credit risk score 100/100) on a new 15‑year full repairing lease. The building extends to about 8,110 ft² (753 m²) with an adjacent parking/hardstanding yard of c.2,245 ft² (208 m²), and the lease commences at £150,000 per annum exclusive with five-yearly CPI-linked reviews. At the asking price of £2,100,000 this represents a starting gross yield of approximately 7.1%.
The property is a semi-detached, brick-built former industrial unit adapted for specialist music teaching: multiple studios, rehearsal rooms, acoustic treatment and modern services including lift, insulated roof and mixed double/secondary glazing. Its size and fit-out suit institutional occupiers and provide immediate rental income without tenant fit-out risk. The site lies between Brighton and Hove stations (about one mile to each) in a highly qualified, student-heavy neighbourhood with good transport, leisure and retail amenities nearby.
Material considerations are straightforward. The proposed lease term is 15 years with an option structure that may include a tenant’s break at year 10; this relatively limited unexpired lease length is likely to restrict some mortgage lenders and should be factored into financing plans. The local crime rate is reported above average and the plot is relatively small for expansion. The building is purpose-fitted for education, so conversion to alternative uses would require reconfiguration.
Overall, this is a hands-off investment for a buyer seeking secured income from a credit‑safe education tenant, with predictable CPI-linked uplifts. Prospective purchasers should confirm lending availability given the lease length and consider the tenant option provision when assessing long-term value.
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