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23 Preston St 660 SF Retail Building Brighton BN1 2HN $372,664 ($564.64/SF) 8.51% Cap Rate
Investment Highlights
- Freehold investment opportunity
- Beauty salon with a passing rent of £23,400 per annum
- Flat above sold off long leasehold
- Popular Preston Street location
Executive Summary
The property comprises a commercial premises with basement, trading as a beauty salon. The ground floor is comprises the beauty salon. The lower ground floor has two treatment rooms, store room, shower & W.C. The property also has a flat above which is sold of on long lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
660 SF
Building Class
B
Year Built
1900
Price
$372,664
Price Per SF
$564.64
Cap Rate
8.51%
NOI
$31,710
Tenancy
Single
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.20 AC
Frontage
17’ on Preston St
Amenities
- Signage
- Storage Space
1 1
Nearby Major Retailers
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23 Preston St
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