54 Preston Road, Brighton

The property comprises of a ground floor commercial unit currently let for £11,000 per annum, having recently had a rent review in April this year. The lease is from 14th April 2003 with the tenant currently holding over.

The residential upper parts are let as a six bedroom student accommodation currently let for £3,250pcm. Providing a total income of £50,000 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 7.04% NIY.

Available Area