Harbour House, Gardner Road, Brighton, BN41 1PN

lot type

Residential Investments

situation

Harbour House is located on the border of Southwick, a western suburb of the city of Brighton and Hove. The property is situated approximately 2.7 miles (4.3km) West of Hove, 4 miles (6.4km) West of Brighton and 52 miles (84km) South of London.

The property occupies a prominent position on the East side of Gardner Road on a corner site at its junction with Fishergate Terrace overlooking the River Adur. The property is conveniently located within a few minutes' walk of Southwick Square which provides local amenities, whilst the more extensive shops, restaurants and entertainment facilities are available further West within Brighton and Hove. Fishersgate Park is located adjacent to the property whilst Shoreham Harbour and Hove Lagoon are within walking distance.

planning

Development potential (subject to obtaining all necessary consents)

accommodation

23 apartments (two sold off on long leasehold)
UNSOLD FLATS
1 x studio
9 x 1 bed
10 x 2 bed
1 x 3 bed

type

Fully let freehold residential investment opportunity. Freehold purpose build block comprising 23 flats

description

Extending to 0.397 acres (0.16 hectare), the site is occupied by a purpose built building arranged over ground and two upper floors.

The property is internally arranged to provide a total of 23 apartments (two of which have been sold off long leasehold). The unsold flats comprise 1 x studio, 9 x one beds, 10 x two beds & 1 x three bed.

Each unsold flat benefits from a parking space, cycle store facilities and 18 flats benefit from either private balconies or patio areas.

23 off street secure parking spaces

Total current rent reserved £209,660 pa (inclusive of ground rent income)
Estimated rental value £222,500 pa (inclusive of ground rent)