54 Preston Road, Brighton, BN1 4QF

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Investment Property • Fully Let • Commercial / Student Let

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Clarence House, North Street BN1 1EB

Full Description: DescriptionThe property comprises of a ground floor commercial unit recently let for £16,000 per annum, on a new 5yr FRI lease from June 2025 with break and open market review end of year 3.The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.LocationThe property is located on Preston Road, just off of London Road and with Preston Park a couple of minutes walk from the building. It is mid-terrace with the parade comprising of other mixed use properties with various independent traders along the road, ranging from retail to food outlets.ViewingsViewings can be arranged via the Vendors Sole Agent - Newlands PropertyTermsOffers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of circa 7.75% allowing for purchase costs.Energy Performance CertificatesEPCEPC