Description

Harringtons Sales are delighted to bring to the market the opportunity to acquire a portfolio of properties in Shaftesbury Place, Brighton. The portfolio comprises of three studio flats and a six bedroom student house in the same location. The portfolio has a potential income of £69,600 per annum, being a gross return of 6.96%. This does not include the purchase costs. The six bedroom student house has a let pre-agreed for the academic year 2024-2025. Offers are sought in excess of £1,000,000. The properties are as follows; Studio Flat 1: PROPERTY A self-contained studio flat with private shower room and small kitchen area with fridge, washing machine and hob. Benefiting from double glazing. The property has electric heating fitted. LOCATION Perfectly located for all professionals working in the city centre and needing to be walking distance to transport links. The property is also within walking distance from local shops, bars, cafes and for anybody commuting out of the area the A27 is not too far away. Current Rental: £825.00 PCM Renewal Increase Rental: £875.00 PCM EPC: D59 COUNCIL TAX BAND: A PARKING: Zone J Room Size: Studio Room: 8'4" x 12' 9 " (2.55 x 3.91 M) Kitchen: 5'2" x 7'1" (1.59 x 2.17 M) Bathroom: 5'4" x 5'7" (1.64 x 1.72 M) Studio Flat 2: PROPERTY A good size studio room with a modern kitchen area with electric hob and integrated fridge/freezer and a shower room. Neutrally decorated to suit all styles and benefitting from double glazing throughout. Electric heating. Current Rental: £850.00 PCM EPC: C70 COUNCIL TAX BAND: A Room Size: Studio Room: 12'11" x 9'2" (3.9 x 2.8 M) Kitchen: 7'10" x 5'10" (2.4 x 1.8 M) Studio Flat 3: PROPERTY A modern studio flat consists of a good size living area with carpet under foot - big enough for a double bed - a contemporary white kitchen with both eye level and low level units together with a washing machine and fridge freezer. There is also a modern shower room benefiting from floor to ceiling tiles and an electric shower. Current Rental: £825.00 PCM EPC: D62 COUNCIL TAX BAND: A Room Sizes: Studio Room: 8'3" x 12'10" (2.53 x 3.92 M) Kitchen: 5'3" x 4'5" (1.60 x 1.36 M) Bathroom: 5'2" x 5'6" (1.59 x 1.70 M) Six Bedroom Student House: PROPERTY Comprising of six double bedrooms, a separate kitchen, good size lounge, shower room and bathroom. This property is situated over four floors. On the basement level is where the kitchen and shower room is located. The kitchen includes fridge, freezer, washing machine and dishwasher. There is also the first bedroom on this level. The first floor compromises of a large lounge and main bathroom with second bedroom next door on the left. On the following two floors is the remaining bedrooms of which are all double rooms. This property is offered part furnished to include a bed, mattress, desk, chair, wardrobe or chest of drawers in each room, sofas, large desk and four chairs in the lounge. Current Rental: £2860.00 PCM 2024-2025 Rental: £3250.00 PCM EPC: E53 COUNCIL TAX BAND: D Room Sizes: Basement Level Kitchen: 10'6" x 5'11" (3.21 x 1.83 M) Shower Room: 8'0" x 5'1" (2.44 x 1.55 M) Bedroom 1: 13'9" x 10'5" (4.21 x 3.20 M) Ground Floor Lounge: 15'11" x 11'5" (4.86 x 3.50 M) Bedroom 2: 12'4" x 7'1" (3.77 x 2.16 M) Bathroom: 9'6" x 4'11" (2.92 x 1.51 M) 1st Floor Bedroom 3: 10'10" x 12'5" (3.31 x 3.79 M) Bedroom 4: 16'0" x 11'6" (4.90 x 3.51 M) Top Floor Bedroom 5: 12'7" x 11'6" (3.84 x 3.51 M) Bedroom 6: TBC 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.