This property is no longer on the market
2 bedroom house
Key information
Property description & features
- Auction Date: 22nd September 2022
- Residential Investment Opportunity
- 3 x 2 Bedroom Flats Let on AST's
- Currently Let and Producing £45,000
- Significant Rental Uplift Potential
- Discounted Break Up Value Included Within Guide
- EPC C,C,C
Auction Guide £675,000+
CASH BUYERS ONLY
Excellent opportunity to be able to purchase the upper three floors of this most attractive period property via the head lease comprising of three self contained flats each comprising of 2 bedrooms.
The current rental income per annum is £45,000 however it is considered that there is significant potential for a an uplift in the rental income which in the opinion of the auctioneers is below market value. Together with this, a meaningful break up value discount has been incorporated within the guide price.
All 3 flats are let on Assured Shorthold Tenancy Agreements.
Situated in the heart of the City Centre close to all of the facilities the city centre has to offer which include local bars, restaurants, coffee shops, boutiques and the seafront. Brighton & Hove also boasts 2 mainline railway stations affording direct links to London.
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