280 Dyke Road, Brighton, East Sussex, East Sussex, BN1 5BA
An extremely rare investment opportunity available in the heart of Brighton earning a high annual income with the capacity for significant growth, located on the prestigious Dyke Road, comprising a garden at rear and parking for four cars at front, three modern, large, attractive flats, and the possibility for development of a fourth basement flat.
|Double Glazing,Garden,Gas Fired Central Heating,Parking,Sea Views,Shower,Balcony|
|Shopping Area,Town Centre,Train Station,Coach Station,Coffee Shop,Cinema,Park,School,University,Restaurants|
Ground Floor Flat
A spacious ground floor three-bedroom property, currently rented at just under £1300pcm. Due to the current long-standing, loyal tenants in-situ, the current rental achieved is below market value and has the potential to be significantly increased.
Three double bedrooms, a large lounge with high ceilings, two bathrooms and a recently refurbished, modern kitchen complete this sizable property.
With space for parking at the front of the property, its own private entrance and modern double glazing throughout, this flat appeals to a vast cross-section of renters in Brighton and ensures the flat will consistently be rented at the high-end of the local market.
First Floor Flat
A bright and attractive two bedroom property, with exterior space to the rear of the building, currently rented below market value at just under £1200pcm, this flat similarly has the potential to achieve a significantly greater rental return moving forward.
Well maintained modern commonways lead to this airy, commodious flat with views overlooking Hove. The property consists of two very large double bedrooms, a large bathroom as well as an en-suite shower room, and a modern kitchen with high-end fittings and up-to-date decoration throughout.
Top Floor Flat
A unique, singular and rare property with a rooftop balcony overlooking Brighton & Hove, including sea views and uninterrupted landscapes. Due to the longstanding tenancy currently in place, the flat is rented at £1000pcm but has the potential to achieve considerably more in the future at the high-end of the local letting market.
Immediately within the flat a staircase leads to a large bathroom with modern fittings, above which is located the spacious lounge, wrapping around the width of the building in an immediately enticing horseshoe layout, with two bedrooms abutting at either end, one of which includes a well-maintained, modern en-suite bathroom. The large, separate kitchen sits in between, with modern fixings and copious amounts of space.
This flat has potential to be at the very top of the local market and would be a major asset to any investor looking to expand their property holdings.
Basement Flat Development Opportunity
There is a large space available in the basement of the property which has been evaluated by surveyors and declared a prime possibility for development of a fourth flat in the building. Augmenting the property’s already excellent rental income, a fourth flat would increase the return an investor could achieve significantly and would raise the already exceptional value of the freehold as a whole.
|A professional electrical survey may reveal work not covered by the update. It is recommended that an electrical survey is carried in addition to the valuation survey at a cost of GBP 180.00 (inclusive of VAT)|
|These details are produced in good faith but are set out as a guide only and do not constitute any form of contract nor any statement contained therein to be representation or warranty. Any intended purchasers must satisfy themselves by inspection or under advice of their solicitor particularly in context of any approved plans for other on site or nearby development.|
280 Dyke Road – Freehold, Three Leasehold Properties, Potential For Development of a Fourth
An extremely rare investment opportunity available in the heart of Brighton, located on the prestigious Dyke Road, comprising a garden at rear and parking for four cars at front, three modern, large, attractive flats, and the possibility for development of a fourth basement flat.
Earning a high annual income with the capacity for significant growth due to long-standing loyal tenants in-situ paying rents below market value. This is a unique opportunity to acquire an eminent property in a sought after location procuring a stable and high return on investment, with the potential for even greater income growth available.
This distinguished building presents an opportunity for any individual to acquire what would be a jewel in the crown of any investor’s property portfolio.
The three flats all come with their own separate leases.