108 St. James’s Street, Brighton
- Investment Property
- Fully Let
- Kemptown, Brighton
OIRO £650,000 FH
The property comprises of a GF/LGF commercial unit currently let on an FRI lease until March 2026, with a passing rental of £18,000pa. The upper floors comprise of a self-contained student let accommodation, currently producing £2,600pcm / £31,200pa.
Providing a collective net income on the building of £49,200 per annum exclusive.
The property is located on the south side of St James, Street in Kemptown Brighton, a short distance from the main seafront promenade, with Old Steine to the west and Brighton city centre further down.
Viewings can be arrange via the vendors Sole Agent Newlands Property.
Offers are invited in the region of £650,000 for the freehold interest in the property subject to the existing tenancies in place. A purchase at this level would represent a NIY of 7.20% after purchasers costs.
|1st 1st,2nd,3rd Floor Maisonette