Available on the market for the first time in 50 years, this is a rare opportunity to acquire a substaintial mixed use freehold investment property located in Seven Dials, Brighton. The property comprises six self-contained flats and four commercial units, all of which are tenanted and producing an annual income of approximately £135,766 per annum exclusive.
Location
The property is situated in the heart of the popular Seven Dials area, just north of Brighton city centre. Brighton Station is approximately a 10 minute walk away and the area benefits from easy access to the A23 and A27. Nearby occupiers include Gails, Flour Pot Bakery, Subway, The Good Companions, Co-op and Ashtons Pharmacy.
Accommodation
Residential
Flat 1 - 34sqm / 366sq ft
Flat 2 - 62.22sqm / 669.73sq ft
Flat 3 - 33.21sqm / 357.46sq ft
Flat 4 - 64.41sqm / 693.30sq ft
Flat 5 - 75.85sqm / 816.44sq ft
Flat 6 - 66.37sqm / 714.40sq ft
Total - 336.06sqm / 3,617.33sq ft
Commercial
19 Chatham Place - 91.1sqm / 980 sq ft
20-21 Chatham Place - 95.01sqm / 1,022.67sq ft
41 Prestonville Road - 96.20sqm / 1,035.48sq ft
42 Prestonville Road - 83.22sqm / 895.76sq ft
Total - 365.53sqm / 3,933.91sq ft
Terms
Tenancies
Full tenancy details available on request.
Rateable Value
19 Chatham Place - £4,150
20-21 Chatham Place - £12,500
41 Prestonville Road - £7,700
42 Prestonville Road - £8,900
EPC's
Flat 1 - C
Flat 2 - C
Flat 3 - E
Flat 4 - D
Flat 5 - D
Flat 6 - C
19 Chatham Place - C
20-21 Chatham Place - B
41 Prestonville Road - C
42 Prestonville Road - B
Council Tax
Flat 1 - A
Flat 2 - B
Flat 3 - A
Flat 4 - B
Flat 5 - B
Flat 6 - A
Specification
Agent Notes
- The laundrette that fronts Selbourne House is sold off on a separate freehold title.
- We have been made aware from our client that there is a void room, accessed through a loft hatch on the top floor. We have not been able to insepct or measure this area. It is possible that this room may have previously been part of one of the top floor flats.
- There is the potential for rental uplift, subject to rent reviews and lease renewal.