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Property details

Property for sale

York Place, Brighton £750,000

  • Graves Son & Pilcher

    51 Old Steyne, Brighton, East Sussex

    • Request details

      I would like to:
    • 01273 253238

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Freehold terraced investment property. Mixed residential and commercial investment property comprising 3 flats and ground floor catering unit, all let and producing £44,800 per annum exclusive.

Freehold Investment Property

Ground Floor A3 Restaurant & 3 S/C Flats. Income of £44,800 per annum exclusive

Ground Floor

A3 Restaurant

Situated on a well established shopping parade overlooking St Peter's Church and its grounds, within the Valley Gardens Conservation Area, close to London Road shopping area, the North Laine and The Level.

There is a taxi rank close by, frequent bus services and Brighton rail station is with 10 minutes' walk (0.6 miles).

Building Frontage (gross 14'5 (4.39m)

Ground Floor: Restaurant, kitchen, store in all 596 ft² (55m²), WC

Tenancy: Let on an FRI lease for a term of 10 years from 10th December 2013 at a present rental of £11,500 per annum exclusive and subject to upward only rent review at the expiry of the 5th year of the term. There is a tenant only break option on the 10th December 2018, subject to 6 months prior notice.

Rateable Value: £13,000

Self-contained Entrance from York Place:

Leading to:

Flat 1 - First Floor:

2 bedrooms, kitchen, living/dining area, bathroom/WC, store

Vacant - ERV £1,075 pcm

Council Tax Band: B

Flat 2 - Second Floor:

2 bedrooms, kitchen, living/dining area, bathroom/WC, store

Tenancy: let on AST at a rental figure of £1,100 pcm

Tax Band: B

Flat 3 - Third Floor:

Studio room with kitchen facilities, shower room/WC

Tenancy: Let on AST at a rental figure of £600 pcm

Neighbourhood average sold house prices

Flat/Maisonette
£293,333
Terraced
£227,233

Based on 6 transactions covering the past 5 years. Prices are not adjusted for inflation. Data is supplied by the Land Registry.

  • Graves Son & Pilcher

    51 Old Steyne, Brighton, East Sussex

    • Request details

      I would like to:
    • 01273 253238