23 Preston St 627 SF 100% Leased Retail Building Brighton BN1 2HN £310,000 (£494.42/SF) 7.55% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Popular location
- Freehold investment oppertunity
EXECUTIVE SUMMARY
Brighton is located 22 miles (35 km) south of Crawley, 22 miles (35 km) west of Eastbourne and 14 miles (22 km) east of Worthing.
Brighton & Hove has a resident population of 289,000.
23 Preston Street is prominently situated on the western side of this popular established restaurant and leisure area a few minutes from the i360 and the seafront.
Nearby occupiers include Wolfox Roastery, Sushi Garden, Bincho, Maggie Mae’s, Kanok Thai, China Garden and The New Club.
Brighton station is 17 mins walk (0.7 miles) via Western Road. Regency Square car park (507 spaces) is 2 minutes walk.
A location plan and street view can be viewed online through Google Maps by typing in the following postcode BN1 2HN.
The property comprises a commercial premises with a basement, trading as a beauty salon. The ground floor is comprised of the beauty salon. At the lower ground, there are two treatment rooms, a store room, a shower & W.C.
Brighton & Hove has a resident population of 289,000.
23 Preston Street is prominently situated on the western side of this popular established restaurant and leisure area a few minutes from the i360 and the seafront.
Nearby occupiers include Wolfox Roastery, Sushi Garden, Bincho, Maggie Mae’s, Kanok Thai, China Garden and The New Club.
Brighton station is 17 mins walk (0.7 miles) via Western Road. Regency Square car park (507 spaces) is 2 minutes walk.
A location plan and street view can be viewed online through Google Maps by typing in the following postcode BN1 2HN.
The property comprises a commercial premises with a basement, trading as a beauty salon. The ground floor is comprised of the beauty salon. At the lower ground, there are two treatment rooms, a store room, a shower & W.C.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
627 SF
Building Class
B
Year Built
1900
Price
£310,000
Price Per SF
£494.42
Net Initial Yield
7.55%
NOI
£23,400
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Frontage
17 ft on Preston St
AMENITIES
- Signage
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
