Justin Lloyd are delighted to offer a rare investment opportunity, to purchase a freehold building with a commercial unit and residential units. This property is an excellent investment / development opportunity.
The freehold building is situated on Steine Street, this four storey period building offers views over Steine Gardens and the Seafront. The property is only a short walk away from Brighton Pier and the Royal Pavilion. There are plenty of shops and places to dine, given that the property is close to St James Street, North Laines and Churchill Square Shopping centre.
The residential part of the building current is laid out as three studio apartments, all with tenants in situ. The commercial part of the building also had a tenant in situ and is currently a Sushi restaurant/take away.
Basement The basement is part of the commercial unit and is currently used as a storage room for the Sushi Restaurant. This can only be accesses via the ground floor of the Sushi restaurant
Ground floor Front access via Old Steine for Sushi restaurant/take away. Rear entrance for residential residence through access alley.
First Floor Part of this floor can only be accessed via the commercial unit, currently are two toilets and a storage cupboard. There is a door that can can access the residential part of the building. The residential part of this floor has a Studio room with Kitchenette facilities and shower room, Balcony with entrance from the window. Half floor containing room and 2 x WC.
Second Floor Self contained studio room with Kitchenette facilities and shower room. Half floor contains a room and bathroom
Top Floor Studio room with Kitchenette facilities and shower room. Half floor contains a room with bathroom
This property is great for investment, rental yields are available upon request
Additional Information: EPC'S: Mixture of Residential and Commercial Freehold Property
Tenancies: Tenants are on AST agreements ( Details and Average Gross yields available upon request)