54 Preston Road, Brighton, BN1 4QF

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 five bedroom student accommodation, currently let for £3,250pcm. Providing a total income for the property of £55,000 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 £675,000 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.