Offers in region of
£750,000
(£275.51/sq. ft)
Retail premises for sale54 Preston Road, Brighton BN1
2,722 sq. ft
EPC Rating: D
Freehold
About this property
Investment Property
Fully Let
Commercial / Student Let
Estimated Rates Payable: £3493
Description
The property comprises of a ground floor commercial unit recently let for £16,000 per annum, on a new 5yr Fri lease from June 2025 with break and open market review end of year 3.
The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.
Location
The property is located on Preston Road, just off of London Road and with Preston Park a couple of minutes walk from the building. It is mid-terrace with the parade comprising of other mixed use properties with various independent traders along the road, ranging from retail to food outlets.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of circa 7.75% allowing for purchase costs.
The property comprises of a ground floor commercial unit recently let for £16,000 per annum, on a new 5yr Fri lease from June 2025 with break and open market review end of year 3.
The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.
Location
The property is located on Preston Road, just off of London Road and with Preston Park a couple of minutes walk from the building. It is mid-terrace with the parade comprising of other mixed use properties with various independent traders along the road, ranging from retail to food outlets.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of circa 7.75% allowing for purchase costs.
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Monthly repayment
£3,751 per month
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