York Road, Hove, BN3 8 bed block of apartments for sale

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York Road, Hove, BN3 8 bed block of apartments for sale

York Road, Hove, BN3
£900,000

Our Summary

  • INVESTMENT OPPORTUNITY – FREEHOLD – CENTRAL BRIGHTON & HOVE (BN3 1)Set in the heart of Brighton & Hove, just moments from the seafront and town centre, this freehold investment property offers a ready-made income with excellent long-term potential

Description

This freehold investment property in central Brighton & Hove offers a ready-made income with excellent long-term potential. The property is made up of eight units, including a one-bedroom flat, three self-contained studios, four rooms with kitchenettes, and two shared bathrooms. With a high demand for rental properties in this sought-after location, the property is expected to generate a total estimated rental income of £86,964 per year, with a gross yield of approximately 9.66%. The property is currently tenanted and producing approximately £78,000 per annum, with one studio currently vacant. The asking price is £900,000, with a total investment estimate of £980,000, including stamp duty. This is an attractive opportunity for experienced landlords or investors looking to add a solid, income-producing property to their portfolio.