Moretons Investments Acquires Prime Brighton Retail

Moretons Investments completed the purchase of 70-82 Western Road, Brighton from AVIVA/Essex County Council for a figure of £7M – a transaction that highlights the trends of funds releasing retail assets from their vast portfolios.

The prominent retail block situated in Brighton’s central retail precinct, within close proximity to Brighton Square, compromises a terrace of eight retail units with upper parts together with a combination of residential accommodation. Major household names such as Superdrug, Robert Dyas and Betfred are in occupation.

Following completion in December 2018, Moretons Investments have concluded lease transactions with Maemes Chicken Restaurant (72 Western Road) and Haberdashery & Fabrics (73 Western Road). Following lease end at 79-80 Western Road, this unit is currently under offer and progressing in solicitors hands. Planning permission has also been granted to create a total of 6 Flats in total over the scheme to date.