Taking control of the freehold gives you autonomy over the running of the building as well as additional related income. Plus, the building has recently undergone
major works so you can rest easy knowing you are walking into a well-maintaned building with no major maintenance projects due in the foreseeable future.
Total area of the units is 177 sq m / 1903 sq ft. All units are secured with assured shorthold tenancies with some due for renewal at higher monthly rates.
Current Gross Yield: 7.46%
Annual Rental Income: £54,108
Projected Gross Yield: 8.27%
Projected Annual Income: £60,000
With a pedestrian plaza being constructed at one end of the lane and vibrant St James’s Street at the other, now is the time to buy this investment property.
There are two studio apartments on each floor and a large one bedroom flat with fantastic views on the top floor.
Owner’s secret:
“This location is ideal for professionals or students with easy access to the main employers of the city and colleges as well as local bus routes for the main university campus along the Lewes Road and at Falmer. It is also perfect for downtime too, close to the sea, shops and station.”
What’s around you:
Shops: St James’s Street 1 minute, Georgian Lanes a 5- minute walk
Train Station: 10 minutes by bus
Seafront or Park: Seafront 2 minutes, Dorset Gardens 1 minute
Rented by both professionals and students this spacious property is in a sought- after location within moments of fashionable shopping, restaurants, clubs, cinemas, theatres- and the beach. Convenient for the courts, police station, Amex and the hospitals as well as Art Colleges and universities, it is well served for parks and gardens which provide cool green spaces but also host events in our legendary city festivals. Close to the famous cultural heart of our warm and inclusive city, the whole of Brighton & Hove is easy to reach on foot, by bus or by car and if you need swift access to the airports or London, the station is a 15 minute walk- or 5 by cab.
