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6 bedroom property for sale
Preston Road, Brighton
£450,000
Preston Road, Brighton
£450,000
Our Summary
- FOR SALE BY AUCTION on 24th June 2025Auction Guide £450,000+Mixed Freehold InvestmentOutstanding opportunity to purchase this mixed Freehold investment comprising of a ground floor commercial premises trading as Glitz and Glamour, currently holding over from an initial 2 year agreement as dated 29th September 2009 at a passing rent of £6,240 per annum
- We believe that ultimately there will be the potential for the building to produce a rental income of circa £60,000 per annum
- For Sale By Auction on 24th June 2025
- Potential For Rental Income of 60,000 Per Annum
Description
This property is a mixed freehold investment opportunity for sale by auction on June 24th, 2025, with a guide price of £450,000+. The property consists of a ground floor commercial premises, currently occupied by Glitz and Glamour, which is significantly underlet at a passing rent of £6,240 per annum. The rent is expected to increase to £10,000 per annum. The upper maisonette has a current licence for a 5-bedroom HMO, with potential to amend the licence to allow for a 6th room, increasing the rental income. The property has the potential to produce a rental income of around £60,000 per annum, making it an attractive investment opportunity for those looking to generate significant returns.