A RETAIL and office block in the centre of Brighton and Hove has been sold for £12.6 million.
Quantum Pension Scheme, which was advised by BNP Paribas Real Estate, sold Queensberry House in Queen’s Road to a client of property consultants Knight Frank.
The building, situated between Brighton Station and the city’s main shopping area, totals 35,622 sqft.
It is let to eight tenants and has been producing an annual income of about £870,000.
The building was bought by Quantum in 2005.
The company carried out a full refurbishment and re-letting project seven years ago.
Tenants on the site include a Tesco Express store and a Subway take-away along with companies such as Regus, Dyn and Lockton.
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