Summary - MARITIME HOUSE, 25, MARINE PARADE NR30 2EN
1 bed 1 bath Office
Large open-plan conference or studio space with seaside footfall potential.
Grade II listed Victorian building with strong period character
Maritime House is a prominent Grade II listed Victorian building on Marine Parade, offering a large rear office/conference room ideal for events, studio or gallery use. The open-plan space measures 66.56 sqm, benefits from high ceilings, air conditioning and projector provision, and shares kitchen and toilet facilities. A newly opened café occupies the ground-floor frontage, creating potential complementary footfall from tourists and local visitors.
The lease arrangement is short-term at present: a five-year full repairing and insuring (FRI) lease is noted, with rent guide at £6,750 pa for the rear office/conference room and a separate café guide of £12,500 pa. Service charge details and longer-term lease terms are to be confirmed, so there is scope to negotiate lease length and outgoings before committing.
There are material issues buyers must accept: the listed status will impose restrictions on alterations, and with only five years remaining on the documented lease, many mortgage lenders are likely to refuse lending. The property sits in an area with very high crime rates and marked deprivation, factors that may affect insurance, security costs and some business models.
For a buyer prepared for a commercial, listed asset, this is a flexible, characterful space in a busy seaside town centre. It suits an investor or operator seeking a short-term income stream or a base for events, conferences or creative uses — provided the lease and listed constraints are acceptable and contingency plans are made for security and renovation requirements.
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