6
For Sale

3 Islingword Road, Brighton

1,495.64 Sq Ft
£560,000
  • Ref: 115517
  • Type: Investment
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Property Features

  • Fully Let income producing
  • Hanover Location

Property Summary

Freehold Shop & Flat Investment
OIRO £560,000

Full Details

The property comprises of a ground floor commercial unit trading as Yummie Pizza the property is let on the remainder of a 12 year lease from 2013 with a rent review in September 2021 having seen the rent increase to £18,500 per annum.

The good sized two bedroom flat above is currently undergoing refurbishment and is expected to let for £1,400pcm providing a total potential income of £35,300 per annum.

Location
Islingword Road is located just off of Lewes Road and across from the level, it is walking distance into the the city centre with Brighton Station also a short walk as is the London Road shopping area.

Viewings
Viewings can be arranged via the vendors sole agents Newlands Property Tel: 01273-77977

*Disclaimer* In accordance with the estate agency act 1979 we advise that the seller of this property has a connection with Newlands Property, for more information please contact our agency.

Terms
Offers are invited in the region of £560,000 for the freehold interest subject to the existing lease in place. A purchase at this level would represent a NIY of 6.01%

Available Area

Name/FloorSq FtSq MAvailability
g GF Commercial Unit774.7271.97Available
1st FF Flat720.9266.98Available
Total1,495.64138.95