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4 bed property, in St. James's Street, £700,000
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4 bed property

St. James's Street, Brighton BN2
£700,000

Our Summary

  • Prime mixed-use investment opportunity in central brighton
  • Both elements are currently let, providing an investor with immediate and reliable income from day one, with further scope for future rental growth
  • With secure tenancies already in place and potential for future rental growth, the property offers an ideal addition to any investor’s portfolio seeking strong yields and long-term capital appreciation

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Description

The property is a mixed-use freehold investment with a commercial shop and a four-bedroom HMO. The shop occupies the ground and lower ground floors and is let to an LGBTQ+ charity on a five-year lease until 2030. The current annual rent is £16,500.

Above the shop is a four-bedroom maisonette arranged over the upper floors, let to four students for £36,408 per annum. The total annual income is £52,896, making it a fully let asset with immediate returns.