Duke Street, Brighton, East Sussex, BN1

This newly refurbished freehold property located in the heart of Brighton City centre offers buyers a great investment opportunity.

This freehold property is in a prime location and is made up of a shop on the ground / lower ground floor with its own facilities and a seven bedroom maisonette which has its own private street entrance.

The entire freehold with the shop has undergone significant work, reconfiguration to all floors including the stairs to the lower level which were redesigned to create a better usable space. Thus offering you a fantastic low maintenance investment for the foreseeable future. The roof was overhauled and chimneys capped, and the chimney breasts removed to create extra space. The walls have been insulated and sound proofed, full refurbishment of all windows, as well as soffits, guttering and down pipes. New plumbing, heating and electrics, including a mains fire alarm system have been fitted, thoughtful details such as plug sockets with usb points were installed. Then in the basement a lot of work went into damp proofing this area by fitting a guaranteed cavity draining membrane.

The residential maisonette is let as an air BNB and has already been booked for 36 x nights. There is a projected net annual income of circa ?90,000pa (which is based on only 50% occupancy rate) bringing the total expected minimum rental for the building up to ?117,000pa with potential for further uplift on increased occupancy of the holiday let.

The ground floor commercial retail unit is currently let at ?27,000 per annum to jewellery shop Seol Gold.

The property is located on the bustling Duke Street, Brighton which is a very popular position in the City just off of West Street. nearby occupiers include The Ivy & Ivy Asia, Whistles, Browns & Hotel Chocolat. The building is just a short walk from Churchill square shopping centre and Brighton mainline railway station.