Many people work from home, but let’s take that one step further. Introducing our live-work apartment at Lyon Quarter, available to purchase via shared ownership.
What is a live-work apartment?
As the small business market continues to grow, up 3.5% from 2024 to 2025, and office rent rates are on the rise, our live-work apartment provide a bespoke opportunity to grow your business in a more affordable way, right from the comfort of your own home.
The buyer will get both a one-bedroom studio apartment and a Use Class E commercial workspace under one roof. This limited opportunity provides you with the chance to keep work both close to home and shut the door on it at the end of the day.
Our live-work apartment takes the pressure off your personal and business finances. Available to purchase through shared ownership, there is no additional fee for running your business to be paid to Guinness Homes.
What is Use Class E?
Use Class E allows for a wide range of business classifications, including:
- Office or studio work
- Consulting and service-based businesses
- Creative and digital enterprises
- Display retail and more
- Community and amenities
What’s not allowed?
- Sale of alcohol, gambling, or betting in any form
- Hot food takeaways
- Storage or any logistics-handling operations
- Political meetings or sale by auction
- Any activity that would require any additional planning, or reforms to the current Use Class structure.
- Any commercial activity within residential areas of the property.
In line with Guinness Homes’ award-winning shared ownership homes, our live-work apartment offers everything you’d expect from a Guinness Homes apartment, and more. Joining 154 homes at the heart of Brighton and Hove’s bespoke sea-city setting, Lyon Quarter provides residents with a modern take on homeownership at a more affordable price.
- Contemporary open-plan living space (5.40m x 5.40m, 17’ 9” x 17’ 9”)
- Fitted kitchen and appliances
- Modern decoration throughout
- Private terrace
- Private access commercial unit (7.60m x 5.70m, 24’ 11” x 18’ 8”)
- Separate front door to commercial space for public access
- One parking space
- Communal gardens
Who is a live-work space for?
If you’re looking to take your first steps onto the property ladder and find a space to grow your business, you’re in luck. Whether you’re looking for a studio to display your work, a private office to meet and bring clients, or a town centre location to sell your latest stock, our live-work property means you can cut down both your commute and costs at once.
One of the main benefits of basing your business among a residential development is the ready-made, captive market right on your doorstep. Say hello to new clients, free marketing and a whole host of friendly new neighbours.
What is shared ownership?
A more affordable route to market, shared ownership helps those who wouldn’t otherwise be able to afford a home of their own take their first steps on the property ladder.
Unlike traditional property purchases, where buyers pay a large deposit upfront and pay a mortgage on the remaining amount, shared ownership buyers purchase a percentage of their home, typically between 25% and 75%, with the remaining shares owned by the property developer. Rent for the unpurchased shares is then paid to the developer, along with a maintenance service charge.
Additional shares can be purchased over time, until 100% ownership is obtained: this is known as staircasing. At this point, no further rent is due. The value of additional shares must be based on a property valuation that is calculated within three months of purchasing.
What’s next?
With our one remaining live-work apartment available to view, get in touch today to book an appointment with our team of expert advisors.
Find out more about life at Lyon Quarter and get in touch with our team.