54 Preston Road, Brighton, BN1 4QF
£275.53 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,722 sq ft
253 sq m
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: C2 Residential Institutions and C3 Dwelling Houses
C2, C3
Key features
- Investment Property
- Fully Let
- Commercial / Student Let
Description
The property comprises of a ground floor commercial unit recently let for £16,000 per annum, on a new 5yr FRI lease from June 2025 with break and open market review end of year 3.
The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.
Location
The property is located on Preston Road, just off of London Road and with Preston Park a couple of minutes walk from the building. It is mid-terrace with the parade comprising of other mixed use properties with various independent traders along the road, ranging from retail to food outlets.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of circa 7.75% allowing for purchase costs.
Energy Performance Certificates
EPCEPCBrochures
54 Preston Road, Brighton, BN1 4QF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- London Road (Brighton) Station0.2 miles
- Brighton Station0.4 miles
- Preston Park Station1.0 miles
Notes
Disclaimer - Property reference 157782-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Newlands Property, Newlands Commercial Limited. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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