Pearson Keehan
Tel: 01273 206999
95 Portland Road
Hove
BN3 5DP
Beaconsfield Road, Brighton
Asking price £490,000 Sold (STC)
4 Bedroom Block of Flats
- Freehold Investment Opportunity
- Three Apartments Within Building
- 2 x 2 Bedroom Apartments & 1 x Apartment Sold Off On Long Lease
- Vibrant Brighton Location
- Gross Yield In Excess of 6%
- Potential Fully Let Income Totalling £30,000pa
- Close to Brighton City Centre & Train Stations
- Numerous Amenities Nearby
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%.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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