Princes Street, Brighton

The Details

EPC Fees apply: Our fees Property ref: 10577104

• INVESTMENT OPPORTUNITY
• 4 flats in block
• £49,860 per annum
• Grade 2 listed building
• Central Brighton location
• Benefits from Stamp Duty Multiple Dwellings Relief
• Sound and thermal insulation between floors
• Currently a 5.2% yield

This superb buy-to-let opportunity is a Grade 2 listed building situated right in the centre of Brighton opposite the Pavilion. The block consists of four dwellings, three one-bedroom flats and a three-bedroom maisonette on the top floor. Each of the properties are currently occupied with a rental income of £49,860 per annum. The individual units are in a high standard of decoration and have been installed with inter-floor sound and heat insulation, energy saving electrical fittings, double glazing as well as having Ecohomes standard. Transport links are excellent being located 0.2miles from the Brighton Palace Pier making access to the whole of Brighton and Hove very easy via public and private transport. The outside of the property was repainted in September which included having the lead flashing to the window renewed and roof maintenance to a high standard.

Being so central and close to the seafront this property would lend itself well to shorter holiday lettings as well as longer term rentals for professionals or students. There may be the option to create separate leaseholds for each flat should that be of interest.

Flat 1:
Located on the lower ground floor, this flat benefits from having its own courtyard at the rear of the property. There is a spacious open plan kitchen living area which opens to the courtyard and at the front of the flat there is a shower room and large bedroom.

Flat 2:
The kitchen/living room is at the front of the property at street level and looks out on to a quiet road, which is a rarity in such a central location. The shower room is in the middle of the flat and the bedroom looks onto the communal back garden.

Flat 3:
A very similar layout to the flat two but being on the first floor it is slightly bigger meaning that there is a separate kitchen without losing space in the living room at the front of the flat. The shower room and bedroom are at the rear overlooking the garden.

Flat 4:
This 2 floor maisonette has 3 bedrooms, a large open plan kitchen living area with a large bay window providing plenty of light to the living space. This maisonette benefits from one separate bathroom and an adjoining en-suite for two of the bedrooms. The finish coupled with the location make this property very desirable for students as it benefits from having an HMO licence.