2 East Drive, Brighton, East Sussex, BN2 0BQ

£800,000

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Property Summary

A unique opportunity to acquire a semi-detached freehold property, spanning over 3-storeys and currently configured as 4 flats. East Drive comprises a self-contained studio flat, and 1 bedroom garden flat located on the ground floor. To the first floor is a 2-bedroom flat with separate kitchen and private balcony. Over the second floor is a 2-bedroom flat (which is vacant). Flat’s 1-3 are currently let and producing an income of approximately £30,754 per annum.

Situation East Drive is situated in the Queens Park Conservation Area, with St James Street less than half a mile from the property - offering a variety of cafes, shops, restaurants and bars. The North Laines and Brighton Mainline Railway Station are approximately a mile away (London Victoria 62 minutes). East Drive is positioned overlooking family friendly Queens Park - with tennis courts, children’s playground and café.

Tenancies Flat 1 - £663pcm
Flat 2 - £630.44pcm
Flat 3 - £1,215pcm
Flat 4 - (previously let at £1,325pcm)
Total - £2,508.44pcm

private treaty - sale status

SOLD 2024

type

Unbroken Freehold Arranged As 4 Flats, Producing £30,754.23pa

description

A unique opportunity to acquire a semi-detached freehold property, spanning over 3-storeys and currently configured as 4 flats. East Drive comprises a self-contained studio flat, and 1 bedroom garden flat located on the ground floor. To the first floor is a 2-bedroom flat with separate kitchen and private balcony. Over the second floor is a 2-bedroom flat (which is vacant). Flat’s 1-3 are currently let and producing an income of approximately £30,754 per annum.

Situation East Drive is situated in the Queens Park Conservation Area, with St James Street less than half a mile from the property - offering a variety of cafes, shops, restaurants and bars. The North Laines and Brighton Mainline Railway Station are approximately a mile away (London Victoria 62 minutes). East Drive is positioned overlooking family friendly Queens Park - with tennis courts, children’s playground and café.

Tenancies Flat 1 - £663pcm
Flat 2 - £630.44pcm
Flat 3 - £1,215pcm
Flat 4 - (previously let at £1,325pcm)
Total - £2,508.44pcm