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Studio flat for sale
St. Georges Terrace, Brighton, East Sussex
£110,000
St. Georges Terrace, Brighton, East Sussex
£110,000
Our Summary
- A vacant third floor split level studio apartment with separate kitchen, benefitting from long lease term, requiring modernisation
- Cash buyers only
Description
This vacant third-floor studio apartment is a rare opportunity for a cash buyer to purchase a property in the popular Kemptown area, close to the seafront, Lanes, and London Road station. The apartment requires modernization and is being sold with a long lease term, making it an attractive option for a letting investment. With an estimated rental value of £1,100 per month, the property is expected to produce a gross yield of 12% per annum, based on the guide price. The apartment also benefits from a share of freehold, making it a unique and valuable investment opportunity.