37 Vernon Terrace
Brighton
Sussex
BN1 3JH
17 Bedford Square, Brighton
£850,000
5 Bedroom Investments Residential
- On the Instructions of Executors
- Freehold Investment For Sale
- Unbroken Residential Freehold
- 5 x Self-Contained Flats
- Ground Floor Flat Vacant
- Potential For Rental Uplift
- Current Annual Income of £42,960pax
- Central Location
- Sea Views
Unbroken Residential Freehold Investment For Sale
On the Instructions of Executors
Freehold Property Arranged As 5 x Self Contained Flats
Description
An opportunity to purchase this inner terraced unbroken residential freehold property built circa 1820. The accommodation is configured over 5 main floors, including lower ground, ground, first, second and third floors, arranged as 5 self-contained converted flats with some benefitting from oblique sea views. The property is currently producing an annual income of approximately £42,960 per annum exclusive, however, the annual income will increase once the ground floor flat is tenanted.
Situation
The property is located on Bedford Square, within the Regency Square Conservation Area. The property lies in the top section of the square facing East and does not directly face the square. The property is approximately 0.6 miles to the West of Brighton City Centre with its array of local amenities, coffee shops, cafes, restaurants.
Accommodation
The property has the following approximate Net internal floor areas:
Lower Ground - 61.78 sq.m.
Ground - 53.28 sq.m.
First - 44.05 sq.m.
Second - 45.45 sq.m.
Third - 51.70 sq.m.
TOTAL FLOOR AREA - 256.26 sq.m.
EPC's
Lower Ground - D
Ground - E
First - D (Expired)
Second - D
Third - D
Council Tax
Lower Ground - A
Ground - B
First - B
Second - B
Third - A
Tenancies
Lower Ground - £975pcm
Ground - TBC
First - £760pcm
Second - £995pcm
Third - £850pcm
VAT & Legal Fees
We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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