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Compton Court, 33-35 Compton Avenue, Brighton, East Sussex, BN1 ££1,250,000

Investment
For Sale
Freehold
Floor area: 13,820 sq. ft. (1,284 sq. m.)
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Shahid Sadiq Director Agency & Investment Email me 020 8222 9945

About this property

Location:
The seven dials area is exceptionally popular with buyers wanting to live in a busy and vibrant area. There are numerous bars and restaurants catering for all tastes and expectations, all of which are within close proximity. Brighton mainline railway station is conveniently located for this location with frequent fast train to London Euston. Brighton Seafront and promenade are also within walking distance.

Description:
Situated in the popular Seven dials area of Brighton and in a period residential block. The building is arranged over basement and 4 uppers floors. The AST flats are self contained and in reasonable decorative order, whilst having been let for many years. The flats provide an opportunity for upgrading and possible redevelopment which would enhance the income being generated and also the sale price.

User:
We believe the premises fall under Class C3 Residential use of the Town & Country Planning (Use Class) (Amendment) Order 2005.

Accommodation: 
The property offers the following:
Flat    Floor                     Lease Expiry        Years Remaining                                           Ground Rent Rising

F1      LGF 2 bed flat       AST expiring 04/04/2016 at £11,100 pa.    63 SQ M/ 678 SQ FT
F2A    LGF Studio flat      AST expiring  20/03/2016 at £6,240 pa.24 SQ M / 258 SQ FT
F2B    LGF Studio flat      AST expiring  13/07/2016 at £7,500 pa. 30 SQ M / 323 SQ FT
F3      LGF 1 Bed flat       AST expiring 28/05/2016 at £7,800 pa.  33 SQ M / 355 SQ FT
F7                                   24/03/2084 68 £50 Yes
F8                                   25/03/2111           95                                                             £100 Doubling 25 yrs
F9                                   22/02/2109           93                                                             £100 Doubling 25 yrs
F10                                 24/03/2089          73                                                               £75 £25 every 25 yrs
F11                                 24/03/2110          94                                                              £100 Doubling 25 yrs
F12                                 24/03/2112          96                                                              £100 Doubling 25 yrs
F14                                 24/03/2089          73                                                             £150 £25 every 25 yrs
F15      SF 2 bed flat      AST holding over at £11,700 pa.          65 SQ M / 700 SQ FT
F16                                24/03/2174           158                                                                           Peppercorn 
   Total GR income £ 675 pa 




Total income £45,015.00 per annum
 
Tenure:
Freehold, subject to existing leases and tenancy agreements.

EPC:
Energy performance certificate are prepared for the premises and it offer the following:
Flat 1   - C (70 - 59) rating.  Flat 2a - E (49 - 37) rating. Flat 2b– E   (54 - 43) rating.
Flat 3   - D (66 - 67) rating.    Flat 15 - C (78 - 70) rating.  A copy of the EPC is available upon request.

Legal Fees:
Each party to bear own legal costs.
 
Section 5 Notices
Buyers are made aware that section 5 notice shall be served once a transaction is agreed and therefore exchange of contracts shall only occur on expiry of the said notice.

Property Features

  • Freehold Block of 13 Flats
  • 5 Flats LET & 8 Sold Off
  • Excellent Seven Dials Location
  • Producing approx. £45,000 pa
  • Potential development or break up

Contact us about this property

Willmotts Commercial
Willmotts Property Services Willmott House
12 Blacks Road
Hammersmith
W6 9EU

T: 020 8748 6644
F: 020 8748 9300
E: commercial@willmotts.com

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