37 Vernon Terrace
Brighton
Sussex
BN1 3JH
Station Road, Burgess Hill
£740,000
4 Bedroom Mixed Use
- Mixed-Use Freehold Investment
- 2 x Self-Contained 1 Bed Flats
- New Build Rear 2 Bed House
- Ground & Lower Ground Floor Commercial Premises
- Recently Refurbished
- Fully Income Producing
- Central Burgess Hill
- Close To Burgess Hill Station
Mixed-use Freehold Investment
Description
A unique opportunity to purchase a genuine turnkey investment property in the heart of Burgess Hill, producing an annual income of approximately £63,600 per annum exclusive. This mid terrace mixed-use freehold investment has recently undergone a full refurbishment and includes a new build two bedroom house to the rear. The property is configured as an open plan ground floor commercial premises with lower ground floor storage. A self-contained entrance provides access to the first and second floor one bedroom flats and to the rear, access is provided to a self-contained two bedroom house.
Situation
The property is located in the heart of central Burgess Hill on the north side of Station Road and within close proximity to Burgess Hill railway station. Numerous amenities are close by including various cafes and restaurants and the nearby Market Pace Shopping Centre is a short walk away.
Accommodation
The property has the following approximate Gross internal floor areas:
Ground Floor House - 39.69sqm / 427.21sq ft
First Floor House - 30.51sqm / 328.41sq ft
First Floor Apartment - 43.60sqm / 469.31sq ft
Second Floor Apartment - 34.20 / 368.12sq ft
Basement Commercial - Unable to measure
Ground Floor Commercial - 41.0sqm / 441.32sqm
TOTAL - 189sqm / 2,034.37sq ft
Rateable Value
Commercial Premises Requires reassessment but previously £11,000 (April 2023)
EPC's
Commercial Premises - D
18a (first floor flat) - D
18b (second floor flat) -D
18c (house) - C
Council Tax
18a (first floor flat) - TBC
18b (second floor flat) - TBC
18c (house) - A
Tenancies
18a (first floor flat) - £1,300pcm / £15,600pax - 1 Bed – Let on a tenancy agreement to Mid Sussex District Council for a term of 2 years dated from 26 January 2026.
18b (second floor flat) - £1,300pcm / £15,600pax - 1 Bed – Let on a tenancy agreement to Mid Sussex District Council for a term of 2 years dated from 26 January 2026.
18b (house) - £1,500pcm. / £18,000pax - 2 bed - Let on a tenancy agreement to Mid Sussex District Council for a term of 2 years dated from 26 January 2026.
Total - £4,100pcm / £49,200px
Commercial Premises - Let to Unique Hairdresser Worthing Ltd on an effective full repairing and insuring lease for a term of 5 years from 6th October 2026 to and including 5th October 2031. The current passing rent is £14,400 per annum exclusive and there is a rent review dated the third anniversary of the contractual term. There is a tenant only break clause at the third anniversary of the contractual term. Security is held by way of a rent deposit equivalent to approximately 3 months’ rent.
Agent Notes
- From 1st May 2026 fixed term Assured Shorthold Tenancies (AST) will automatically convert to Assured Periodic Tenancies.
- A purchase at this level would reflect a gross yield of 8.59%.
- We are unable to inspect or carry out viewings on the two flats and are therefore unable to confirm the condition of accommodation.
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.
Property data and search facilities supplied by www.vebra.com