Richmond Street, BN2

Harringtons Sales are delighted to offer an opportunity to acquire a portfolio of properties in the Brighton and Hove area. The portfolio consist of a five bedroom student house and a one bedroom flat in the same block. A three bedroom flat in the sought-after student area with share of freehold. A three bedroom flat in a council built block.

The portfolio has a potential income (lets already pre-agreed for the academic year 2024 -2025) of £91,200.00 being a gross return of 7.15%. This does not include purchase costs.

The properties compromise as follows;

Gladstone Place, Brighton.

A freehold property comprises of two flats and the whole block is being sold. This is a five bedroom student accommodation and a one bedroom basement flat.

Room Sizes - Five Bedroom Student Property
Living Room/Kitchen area: 12' 0" x 12' 6" (3.65 x 3.84 M)
Bedroom 1: 7'9" x 9' 4" (2.41 x 2.87 M)
Bedroom 2: 7' 0" x 8' 9" (2.15 x 2.70 M)
Bathroom: 2' 9" x 4' 8" (0.87 x 1.47 M)
Bedroom 3: 12'1" x 10' 5" (3.67 x 3.20 M)
Bedroom 4: 12' 0" x 10' 3£ (3.66 x 3.14 M)
Bathroom 2: 8' 1" x 2' 3" (2.46 x 0.71 M)
Bedroom 5: 15' 5" x 14' 2" (4.72 x 4.33 M)

The ground and upper floors is a five bedroom student accommodation comprising of three good size double bedrooms and two smaller double bedrooms. The property benefits from an open plan kitchen and living room and is located across the road from Sainsburys on the Lewes Road. The property comes part furnished. This is currently let at £2600.00 pcm. It has already been pre-let for the 2024 - 2025 student academic year at the sum of £2800.00 pcm bringing in an annual income of £33,600.00.

Room Sizes - Basement One Bedroom Flat.
Lounge: 11' 5" x 12' 5" (3.52 x 3.81 M)
Bedroom: 11' 4" x 10' 6" (3.49 x 3.23 M)
Kitchen: 9' 3" x 8' 9" (2.83 x 2.70 M)
Bathroom: 6' 5" x 8' 8" (1.98 x 2.70 M)

There is a basement one bedroom flat that comprises of a good size double bedroom, separate kitchen, gas hob and oven, washing machine and fridge freezer is included. The kitchen leads to its own private patio garden. There is a separate lounge. The property is currently let at £1050.00 pcm.

The property is being sold freehold.

Richmond Street, Brighton.

Room Sizes:
Bedroom 1: 10' 2" x 10' 2" (3.12 x 3.12 M)
Bedroom 2: 11' 9" x 6' 9" (3.63 x 2.11 M)
Kitchen/Living area: 15' 8" x 10' 9" (4.81 x 3.31 M)
Bathroom: 5' 6" x 5' 4" (1.71 x 1.66 M)
Bedroom 3: 11' 2" x 12' 7" (3.42 x 3.87 M)
En Suite Shower Room: 7' 1 " x 4' 8" (2.17 x 1.47 M)

Comprises of a three bedroom flat in the central Brighton area over two floors comprises of three bedrooms, two of which are good size doubles and one which is a large singe. Open plan kitchen lounge with a shower room and a top floor bedroom en-suite. This has been extremely popular with students over the years and is currently let at £2045.00 pcm. This has already been pre-let for the 2024-2025 year for the sum of £2150.00 pcm with an annual income of £25,800.00.

The sale is with a share of freehold.

Westmount, Finsbury Road, Brighton.

Room Sizes:
Bedroom 1: 9' 4" x 11' *" (2.85 x 3.58 M)
Bedroom 2: 6' 10" x 11' 9" (2.10 x 3.59 M)
Bathroom: 5' 4" x 5' 6" (1.64 x 1.70 M)
WC: 2' 8" x 5' 7" (0.81 x 1.72 M)
Kitchen: 10' 11" x 6' 8" (3.34 x 2.05 M)
Living Room: 15' 10" x 10' 8" (4.85 x 3.27 M)
Bedroom 3: 12' 10" x 10' 1" (3.92 x 3.09 M)

A three bedroom flat being part of a purpose built block. Comprises of two good size double bedrooms, one large single bedroom. Separate kitchen with washing machine and fridge freezer, a large lounge with a bathroom and a shower. This is an ideal student property and is currently let at £1600.00 pcm.

Being sold with the current tenants in situ ending on 20th August 2024.

This is being sold on a leasehold basis.

Offers are sought in excess of £1,275,000.

Capitals Money Laundering regulations: intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order for no delay in agreeing the sale.

General: while we endeavor to make ourselves particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which a particular is imported to you please contact us and we are pleased to check the position for you.

The measurements are indicated with guidance only and must considered incorrect.

Services: please note we have not tested the services or any equipment or appliances in this property. Accordingly we strongly advise prospective purchasers to commission their own survey or service reports before finalizing their purchase.

These particulars are issues in good faith but do not contribute representations of fact or form part of any offer or contract. The matter is referred in these particulars should be independently verified by prospective buyers or tenants, neither Harringtons Lettings or any of its employees or agents as any authority to make or give any representation or warranty whatever in relation to this property.