Summary
| Property Type | Office / Residential / Retail |
| Tenure | For Sale |
| Size | 605 sq m |
| Price | Offers in excess of £1,475,000.00 |
- INVESTMENT PORTFOLIO WITH GROWTH POTENTIAL
- SUSSEX BASED
- BREAK UP OPPURTUNITY
- 5 FLATS, 3 SHOPS, 2 GARAGES
- VALUE ADD SCENARIOS
About
A mixed use investment portfolio comprising 3 studio flats, 2 x 1 bedroom flats, 2 x 2 bedroom, 3 shop units & 2 garages which are as follows: 2x1 bedroom & 2 x studio flats at Withdean Court, London Road, Brighton, 1 studio flat at Sweda Court, Chesham Street, Brighton. 1 shop & 2 bedroom flat at 86 South Coast Road, Peacehaven, 1 shop & self contained 2 bedroom maisonette at 94 Portland Road, Hove & 1 shop at 3 Victoria Terrace Hove. The flats at Withdean Court & Sweda Court are owned on a long leasehold basis, whilst the commercial buildings as well as the maisonette on Portland Road, Hove are owned freehold.
Accommodation
| Description | Rent |
| Flat 2, Withdean Court (ground floor), London Road, Brighton- 2 bed. Tenant holding over on 12 month AST from 17 Feb 2019 | £990 /month |
| Flat 42 (raised ground floor), Withdean Court, London Road, Brighton- 1 bed. 12 month AST from 23rd April 2021 | £810 /month |
| Flat 48, ( 1st floor) Withdean Court, London Road, Brighton- Studio. 12 month AST from 7 June 2021 | £635 /month |
| Flat 51, (2nd floor), Withdean Court, London Road Brighton- Studio. 12 month AST from 13 June 2020 | £635 /month |
| Flat 6, (Ground Floor) Sweda Court, Chesham Street, Brighton- Studio. AST for 12 months from 30th January 2021 | £580 /month |
| Maisonette, 94A Portland Road, Hove self contained 3 bedroom Maisonette. AST holding over on term of 12 months from 8th October 2019. | £1,300 /month |
| GF & basement 94 Portland Road, Hove-Shop let to Ian Borrow for a term of 5 years from 1st of March 2018 . | £7,750 /annum |
| 86 South Coast Road, Peacehaven - 2 storey office building & 2 garages. Let to Haven Security for a term of 15 years from 18 August 2016. | £15,750 /annum |
| 3 Victoria Terrace, Hove- Shop Let to Clive David Waters by way of a renewal lease for a term of 8 years from 6th May 2016. A rent review was due in May 2020 however our understanding is that it was not implemented. | £9,000 /annum |
| Total rental income | £91,900 /annum |
Location
The portfolio is spread across Brighton, Hove & Peacehaven on the Sussex Coast. A desirable location to both work & reside with great access by road to London & along the coast via the A23 & A27 as well by rail also with trains from Brighton to London Victoria from 47 Minutes.
Mainline Stations
-
Preston Park5 mins
-
London Road (Brighton)21 mins
-
Hove24 mins
-
Brighton28 mins
Underground Station
-
Caterham581 mins
-
Tadworth595 mins
-
Kingswood597 mins
-
Whyteleafe South610 mins
Downloads
- Download EPC Document
- Download EPC Document
- Download EPC Document
- Download EPC Document
- Download EPC Document
- Download EPC Document
- Download signed rent review.pdf
- Download 42 WITHDEAN AST.pdf
- Download 6 SWEDA COURT AST.pdf
- Download 48 WITHDEAN AST.pdf
- Download 94A PORTLAND AST.pdf
- Download Certified Copy Executed Lease 1012019.pdf
- Download ASSIGNMENT MAY 2019.pdf
- Download 2 WITHDEAN AST.pdf
- Download 3 Victoria Terrace Lease.pdf
- Download 86 South Coast Road LEase.pdf
- Download 51 WITHDEAN AST.pdf
- Download montage 2.pdf
Further Information
-
Terms
Offers invited for the portfolio in excess of £1,475,000 by way of a share purchase of Heathercrest Enterprises Limited.
Gallery
