Floorplans

Property details

  • Superb Freehold Investment
  • Comprising 4 Self Contained Flats
  • All Let on AST'S
  • Popular Central Location
  • Viewing Considered Essential
  • EPC Ratings CCDD
  • Standard Buyers Fees Apply
FOR SALE BY AUCTION ON 29th September 2021

Excellent opportunity to acquire this Freehold Residential Investment comprising of 4 self contained flats all let on Assured Shorthold Tenancies producing an annual income of £39,840 per annum.

The property is situated with the corner of Western Road and Waterloo Street whilst being very close to the Seafront. There are plenty of shops, coffee shops, bars and restaurants immediately adjacent. There are also a selection of bus routes on the surrounding roads, with Brighton or Hove Mainline Railway Station both within walking distance.

The accommodation briefly comprises as follows:

Studio Flat 1 let at a monthly rent of £695

Studio Flat 2 let at a monthly rent of £725

Studio Flat 3 let at a monthly rent of £700

3 Bedroom Maisonette Flat 4 let at a monthly rent of £1,200

Total Current Annual Income £39,840

It is the opinion of the auctioneers that the maisonette is significantly under let thereby providing for the potential to significantly uplift the rental return.

C&D

Property location

We know just the place...

Lextons Estate Agents