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74 Lewes Rd 428 SF Vacant Retail Building Brighton BN2 3HZ $926,355 ($2,164.38/SF) 9.98% Cap Rate
Investment Highlights
- A prominent 4-storey corner building, comprising a Class E premises at ground floor level, that is currently operating as a Barber Shop, with a 7-bed
- Great transport links
- The property sits on the corner of Lewes Road and Inverness Road. Lewes Road is one of the main arterial routes into Brighton
Executive Summary
Terms
Offers are invited in the region of £700,000 for the freehold interest subject to the existing tenancy. A purchase at this level would show a net yield of 9.98% & a gross yield of 10.51%.
Offers are invited in the region of £700,000 for the freehold interest subject to the existing tenancy. A purchase at this level would show a net yield of 9.98% & a gross yield of 10.51%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
428 SF
Building Class
C
Year Built
1879
Price
$926,355
Price Per SF
$2,164.38
Cap Rate
9.98%
NOI
$92,450
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.44
Lot Size
0.02 AC
Frontage
17’ on Lewes Rd
Amenities
- Storage Space
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ground Floor Retail Unit
| Space | Size | Space Use | Position | Available |
| Ground Fl Retail | 428 SF | Office | - | Now |
Ground Fl Retail
| Size |
| 428 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Ground Fl Retail
| Size | 428 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Ground Floor Retail Unit
1 1
Nearby Major Retailers
1 of 9
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74 Lewes Rd
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