3 bed property for sale

St. James's Street, Brighton BN2

Calling all investors: A Five Storey Mixed Use, Mid Terrace Freehold Investment property in Kemp Town.

The Property Comprises:
Ground Floor Shop which is currently rented at £1,250 per calendar month.
With a private entrance this property offers modern living. To the first floor is an open plan lounge with lovely bay window and modern kitchen with a range of white wall and base units, oven, hob, plumbed for washing machine. To the next floor is a large master bedroom again neutral in decor and a good size and a large bathroom with bath, w.c. And basin. To the top floor are two further bedrooms. The property benefits from gas central heating. The maisonette has an estimated rental value of £1,700 per calendar month( a selective license will need to be applied for through Brighton & Hove City Council before the flat can be let).
The property has the potential to achieve an overall income of approximately £36,000 per annum.
Lower ground floor with access from the rear has potential to be converted into a studio, subject to obtaining planning permission.
Set in popular location of St James's Street, in the heart of Kemp Town close to local amenities including cafes, restaurants, bars and shops including supermarkets. Just a short walk to the beach and within easy access of the city centre. Close to Amex and rsch.

There is a good local bus service and Brighton Station provides a fast service to both Gatwick and London.
Perfect for Investors looking for a great mixed-use investment in Brighton, which would benefit from further refurbishment.

EPC Rating: The Shop Has a C- 67 rating and the maisonette has an E – 52 rating
Council Tax Band: B for the maisonette
Business Rates: The rateable value from April 2023 from the valuation office is £7,700.
The small business rates for 2023-2024 is 49.9p in the £ making approximate rates £3,842.30.
Council Tax Band: B for the maisonette