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74 Lewes Rd 428 sq ft Vacant Retail Property Brighton BN2 3HZ £700,000 (£1,635.51/sq ft) 9.98% Net Initial Yield
Investment Highlights
- A prominent 4-storey corner building, comprising a Class E premises at ground floor level, that is currently operating as a Barber Shop, with a 7-bed
- Great transport links
- The property sits on the corner of Lewes Road and Inverness Road. Lewes Road is one of the main arterial routes into Brighton
Executive Summary
Terms
Offers are invited in the region of £700,000 for the freehold interest subject to the existing tenancy. A purchase at this level would show a net yield of 9.98% & a gross yield of 10.51%.
Offers are invited in the region of £700,000 for the freehold interest subject to the existing tenancy. A purchase at this level would show a net yield of 9.98% & a gross yield of 10.51%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
428 sq ft
Costar Property Class
C
Year Built
1879
Price
£700,000
Price per sq ft
£1,635.51
Yield
9.98%
NOI
£69,860
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.44
Total Plot Size
0.02 ac
Frontage
17 ft on Lewes Rd
Amenities
- Storage Space
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ground Floor Retail Unit
| Space | Size | Space Use | Position | Available |
| Ground Fl Retail | 428 sq ft | Office | - | Now |
Ground Fl Retail
| Size |
| 428 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Ground Fl Retail
| Size | 428 sq ft |
| Space Use | Office |
| Position | - |
| Available | Now |
Ground Floor Retail Unit
1 1
Nearby Major Retailers
1 of 9
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74 Lewes Rd
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