Floorplans
Auction Guide Price £350,000+
Freehold residential investment comprising of 2 self contained flats as follows:
Ground Floor
Self contained studio flat with garden benefiting from a lower ground floor that, subject to any necessary consents, might be suitable to adapt and form a one bedroom maisonette thereby significantly increasing not only the rental income but also the capital value. Currently let on an Assured Shorthold Tenancy at a passing rent of £550 pcm, £6,600 per annum. It is our opinion that this flat is very much underlet.
Ground, First & Second Floor Maisonette
Self contained 3 bedroom maisonette in excellent order throughout currently let on an Assured Shorthold Tenancy at a passing rent of £1,400 pcm, £16,800 per annum.
In the garden of the ground floor studio flat but benefiting from pedestrian access from a rear alleyway is a large studio/garage that could either be sold or rented separately whereupon if the latter, increasing the rental income.
Situated within the highly sought after Hannover district, adjacent to the Level and providing access into the city centre of Brighton, accessed by excellent bus services. Extensive shopping, restaurants, bars and coffee shops can be found in London Road.
It may be possible to convert the property into one single house however interested buyers should make their own enquiries with the Local Authority as to the likelihood of being able to obtain the necessary consents.
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION PLEASE DO CALL US NOW
Property details
- Auction Date: 26th April 2023
- Freehold Residential Investment
- Spacious 3 Bedroom Maisonette
- GF Studio With Garden and Lower Ground Floor
- Garden Studio/Garage
- Potential to Redevelop SPP
- Current Rental Income of 23,400 Per Annum
- Significant Potential to Increase The Rent
- Extremely Rare Opportunity
- Popular Location
Auction Guide Price £350,000+
Freehold residential investment comprising of 2 self contained flats as follows:
Ground Floor
Self contained studio flat with garden benefiting from a lower ground floor that, subject to any necessary consents, might be suitable to adapt and form a one bedroom maisonette thereby significantly increasing not only the rental income but also the capital value. Currently let on an Assured Shorthold Tenancy at a passing rent of £550 pcm, £6,600 per annum. It is our opinion that this flat is very much underlet.
Ground, First & Second Floor Maisonette
Self contained 3 bedroom maisonette in excellent order throughout currently let on an Assured Shorthold Tenancy at a passing rent of £1,400 pcm, £16,800 per annum.
In the garden of the ground floor studio flat but benefiting from pedestrian access from a rear alleyway is a large studio/garage that could either be sold or rented separately whereupon if the latter, increasing the rental income.
Situated within the highly sought after Hannover district, adjacent to the Level and providing access into the city centre of Brighton, accessed by excellent bus services. Extensive shopping, restaurants, bars and coffee shops can be found in London Road.
It may be possible to convert the property into one single house however interested buyers should make their own enquiries with the Local Authority as to the likelihood of being able to obtain the necessary consents.
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION PLEASE DO CALL US NOW
Property location
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