PROPERTIES

34 Oriental Place, Brighton BN1

Price£2,020,000

PDF DETAILS

34 Oriental Place, Brighton BN1

  • Price£2,020,000
  • Income£140,400
  • Yield6.5%
  • SectorResidential
  • StatusAvailable
PDF DETAILS

A Rare Opportunity to Acquire a Freehold HMO Investment in the Centre of Brighton

Summary

  • Brighton is one of the most affluent centres in the south east of England.
  • Oriental Place is situated adjacent to the seafront, in a prime and predominantly residential area.
  • HMO investment opportunity comprising 14 studio/bedsits arranged over 6 Floors
  • The property is let on AST agreements producing a current gross income of £140,400 per annum.
  • Freehold
  • Seeking offers in excess of £2.02M (Two Million and Twenty Thousand Pounds) reflecting an attractive initial yield of 6.5% on the gross incomeafter allowance for unadjusted purchaser’s costs of 6.8% and approximately £665 per sq ft. Subject to contract