4 Bedroom Block of Apartments for Sale

• Freehold Investment Opportunity
• 2 x 2 Bedroom Apartments & 1 x Apartment Sold Off On Long Lease
• Gross Yield In Excess of 6%
• Close to Brighton City Centre & Train Stations

• Three Apartments Within Building
• Vibrant Brighton Location
• Potential Fully Let Income Totalling ?30,000pa
• Numerous Amenities Nearby

Full Description

Pearson Keehan are pleased to present to the market this freehold investment opportunity consisting of 2 x two bedroom apartments and a further apartment sold off on a long leasehold. This unique property is situated in a popular and vibrant residential location close to Brighton & London Road train stations as well as number of trendy stores, coffee shops, bars, restaurants and supermarkets.

The schedule of accommodation is as follows:

Ground floor flat - Sold off on long lease with 171 years remaining.

First floor flat - two bedrooms, bay-fronted open plan kitchen/living room, bathroom and stairs leading down to private garden. This property is currently let for ?1,175.00 per calendar month on a fixed term assured shorthold tenancy agreement expiring in April 2023.

Top floor flat - Entrance at first floor level with stairs leading up to the second floor where the accommodation briefly comprises of two bedrooms, bay-fronted open plan kitchen/living room and bathroom. This property is currently vacant but if placed on the open market, we would anticipate achieving ?1,350.00 per calendar month.

If the property was fully let, the representative gross yield would be in excess of 6%.

 BEACONSFIELD ROAD, BRIGHTON

 BROCHURE

EPC