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54 Preston Rd 1,184 sq ft Retail Property Brighton BN1 4QF £740,000 (£625/sq ft)
Investment Highlights
- The property is located on Preston Road, just off of London Road and with Preston Park a couple of minutes walk from the building
- Great transport links
- It is mid-terrace with the parade comprising of other mixed use properties with various independent traders along the road
Executive Summary
The property comprises of a ground floor commercial unit recently let for £16,000 per annum, on a new 5yr FRI lease from June 2025 with break and open market review end of year 3.
The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.
The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,184 sq ft
Costar Property Class
B
Year Built
1910
Price
£740,000
Price per sq ft
£625
Tenancy
Single
Number of Floors
3
Plot ratio
2.72
Total Plot Size
0.01 ac
Frontage
12 ft on Preston Rd
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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54 Preston Rd
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