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Princes Terrace, Brighton

£565,000 Guide Price
  • Availability: Sold STC
  • Bedrooms: 4
  • Bathrooms: 3
  • Reception Rooms: 3
  • Council Tax Band: B
  • Tenure: Freehold
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Property Features

  • Freehold Residential Investment
  • Comprising of 3 Self Contained Flats
  • Favoured Kemptown Location
  • Close Brighton City Centre & Marina
  • Close to Royal Sussex Hospital
  • Great Investment

Property Summary

Extremely rare opportunity to be able to purchase this freehold investment building. The property is a mid-terraced period building built Circa 1902, comprising 3 self contained flats; Lower Ground Floor - 2 bedroom with garden, Ground floor - 1 Bedroom and First Floor - 1 bedroom.

All 3 flats are currently let on AST's producing a variable net rental income of approximately £ 27,900 per annum.

Full Details

Located in a desirable and sought-after location, Princes Terrace is a charming residential street nestled within the heart of Brighton, known for its distinctive character and proximity to the city's most notable attractions.

Princes Terrace offers a range of amenities within proximity. Charming cafes, boutique shops and delightful restaurants can be found just a short stroll away, providing residents with a vibrant and diverse local scene. The Royal Sussex County Hospital is about 0.5 miles away and the beach is even closer.

Lower Ground Floor Flat
The property accommodation comprises one double bedroom, open plan kitchen/living room, a bathroom and a small single bedroom/office room. Externally there is a westerly aspect patio garden. The property has an overall approximate floor area of 40m2 (430 sqft). This property is currently let on an assured shorthold tenancy (AST expires Dec/2023) for £825pcm or £9,900 per annum.

Ground Floor Flat
The property accommodation comprises one double bedroom, a separate kitchen, living room and a bathroom. The property has an overall approximate floor area of 32m2 (344 sqft). This property is currently let on an assured shorthold tenancy (AST is on a periodic tenancy) for £600pcm or £7,200 per annum.

First Floor Flat
The property accommodation comprises one double bedroom, a separate kitchen, a living room, bathroom and a separate lavatory. The property has an overall approximate floor area of 39m2 (419 sqft). This property is currently let on an assured shorthold tenancy (AST expires Sept/2023) for £900pcm or £10,800 per annum.

Other Information
Total gross rental income £27,900*

*Potential to increase the rent to correct market value.

LGFF - EPC D68
GFF - EPC D63
FFF - EPC D68