Lot 3 - Flat 6 Preston Lodge, 10 Little Preston Street, Brighton, East Sussex, BN1 2HQ

  • Unconditional Online Auction Sale
  • Guide Price* : £410-430,000

6x Bedroom HMO Investment

Description


LOCATION
Immediately adjacent to Brighton seafront, Little Preston Street leads up to Western Road which boasts a variety of retailers and restaurants, Churhill square shopping centre and the Brighton I360 tower are only a short distance away, with the closest railway station being Brighton central at the top of Queens Road.

DESCRIPTION
The property is currently arranged as a two storey maisonette arranged as a six bedroom HMO with Kitchen Lounge/diner and bathrooms on each floor. The property is currently fully let until 7th August 2021 for £2,166pcm / £25,992 per annum. This rent is considered to be well under current market value offering a new owner a good uplift upon re-marketing.

Tenure

Leasehold & with Share of Freehold

Bullets

6x Bedroom HMO
Fully let till Aug 2021
Currently prodcing £25,992PA

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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