Bedford Square, Brighton

The Details

Floorplans Fees apply: Our fees Property ref: 12662241 Council tax band: C

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• Unique Investment Opportunity
• 4 Bedroom HMO
• Maisonette
• 30% Share of Freehold
• 989 Years on Lease
• £37,440 pa rental Value
• Circa 9.9% gross Yield Possible PA
• EPC: D
• Council Tax: C (Student Exemption Applies)
• Asking: £375,000

Coapt are delighted to present this exceptionally rare opportunity to acquire a unique and highly lucrative investment property.

Positioned on Bedford square, with views of the sea, this Grade two listed building is of huge appeal to a range of tenant and buyer types, ensuring long term security of investment. The property holds a full additional HMO license, for four occupiers, and holds right of use as a C4 dwelling (HMO Planning consent). Currently occupied on a fixed term AST until summer 2025, the property returns a gross rental of £2,426 pcm. However, owing to the prime location of the site, and its condition, Coapt forecast a re-let value of £3,120 pcm.

£3329.40 Spanning the second and third floors of the building, the flat is one of five under the freehold. Each of these properties holds a share of freehold, though this flat has the larger share (30%), allowing for increased control on decisions made on the site. The service charge includes payments into the sinking fund, and totals just £277.45 a month, paid twice annually.

Holding the options of continued rental as a high retuning HMO, conversion to a high value residential dwelling, or re-sale to the residential market, this property boasts a range of lucrative future options.