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Block of Apartments for sale

Oriental Place Brighton

Sold STC £1,500,000

Property Description

Full description

FREEHOLD INVESTMENT OPPORTUNITY; A chance to acquire one of two freehold buildings located in Oriental Place. Each building features 6 individual self contained properties. Oriental Place is a period building with flats converted inside. The building boasts an excellent location and sea views.

The property brings an income of circa £74,400.00 per annum for rent of all 6 individual flats. A yield of approximately 4.96%

Basement flat -
Currently let under a AST for £950.00 pcm
Well presented two double bedroom patio flat in fantastic seafront location. This Regency conversion benefits from a spacious front facing lounge with large sash windows and an open plan kitchen.
EPC rating: C

Ground Floor Flat -
Currently let under a AST for £850.00 pcm
EPC Rating C

Flat 3 -
Currently let under a AST at £900.00 pcm
1 bedroom converted flat on the first floor of a converted building. The property benefits from an open plan living room/kitchen area. The kitchen has recently been newly fitted. EPC rating C

Flat 4 -
Currently let under an AST for £1250.00 pcm. EPC Rating C

Flat 5 -
Expected rent of £1075.00 pcm after full renovation EPC Rating C

Flat 6 -
Expected rent of £1175.00 pcm after full renovation EPC Rating C.

Disclaimer (Wr) - These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

More information from this agent

Listing History

Added on Rightmove:
16 May 2016

Map & Street View

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