A boutique in Brighton has been sold to a first-time hotel buyer, who takes over the property with ambitions to renovate and expand.
Kempfield House on Madeira Place has been sold to Zak Abedi off a guide price of £1.25m and marks his first acquisition in the sector.
The property is a five-storey, Grade-II listed Georgian townhouse with 13 bedrooms and was sold by previous owner Chris Meyler, who leaves the property in a ‘healthy’ condition.
Abedi says: “We would like to make a very special, warm and well earned thank you to Nick Earee at Fleurets for his patience and assistance with moving this transaction through to satisfactory completion. May we also thank Chris Meyler, the vendor of Kempfield House, as he assisted in every way possible with the purchase and made the Kempfield House Hotel the superb property and business, with the benefit of healthy accounts, which it is today.”
Now Abedi plans to continue to operate the business, which is well established and carry out a series of renovations in the future.
The Kempfield House hotel is close to Brighton’s Pier and Pavilion as well as the new zip wire attraction and Brighton’s boutique shopping district hosted in the lanes.