2-2a Round Hill Road, Brighton
- Investment Property
- Fully Let
- Commercial & Resi Student Let
OIRO £570,000 FH
The property comprises of a ground & first floor (rear) commercial office space, currently let on a 5 year FRI lease from 1st November 2021 till 31st October 2024 for £17,000pa.
The first floor front part of the building is arranged as a 3x Bed student let, recently renewed for another 12x months from 29th August 2023 at £1,560pcm/ £18,720pa.
The property is located just off Ditchling Road with Fiveways a few minutes walk to the north & Brighton City Centre to the south, whilst London Road Station is a short walk away. The Round Hill area is a popular residential location with ample footfall and plenty of retail and restaurant premises including The Open Market, The CO-OP, The Round Hill, The Open House & Flour Pot Bakery.
Viewings can be arranged via the vendors sole agents - Newlands Property.
Offers are invited in the region of £570,000 for the freehold interest in the property subject to the existing leases/ tenancies in place. A purchase at this level would reflect a net initial yield of 5.97% after purchase costs.
|Name/Floor||Sq Ft||Sq M||Availability|
|g Office Space||890||82.68||Available|