Powis Road


Back to list
Sold STC

847 sq ft


The subject property is situated in a delightful spot within the Montpelier & Clifton Conservation Area located to the North of Brighton City Centre. Whilst several shops & The Crescent Pub are immediate to the property, The 7 Dials is only a short walk away where a host of shops, coffee shops & other eateries are located which include The Hellenic Bakery, Small Batch Coffee, the Co-op & The Cow.

The property comprises an attractive 5 Storey building arranged over ground floor, basement, 1st, 2nd & 3rd floors.
The ground floor & basement trade as Launderette whilst there is a 1 Bedroom Flat on the 1st floor & the 2nd & 3rd floors comprise a 4 bedroom maisonette let out as an HMO.

Ground floor 444 sq ft (41.25 sq m)
Basement 402 sq ft (37.35 sq m)
1st Floor Flat -1 bedroom flat
2nd & 3rd Floor 4 bedroom flat

The Ground Floor is let by way of an effective full repairing & insuring lease expiring June 2029 with a rent review June 2026 at a rent of £9,120 per annum exclusive, payable monthly in advance & trades as Launderette with the lease in the tenants name. The First Floor Flat is let by way of an AST on a periodic basis at an annual rent of £10,200 whilst a 4 bedroom HMO is arranged over 2nd & 3rd Floors is let by way of an AST for £26,250 per annum. The existing tenants are due to vacate on the 13th of August 2020 & new tenants have signed up to occupy on the 24th of August 2020 at the same rent. Total income £45,570 per annum.
Offers for the freehold interest are invited in the region of £675,000 with the benefit of the existing tenancies.

Ground floor Shop £6,900 UBR 49.1p

Each Party to be responsible for their own legal costs in connection with the transaction.

Through vendors agents Eightfold Property 01273 672999 or email max@eightfold.agency