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54 Preston Rd 1,184 SF Retail Building Brighton BN1 4QF $1,389,520 CAD ($1,173.58 CAD/SF)
Investment Highlights
- The property is located on Preston Road, just off of London Road and with Preston Park a couple of minutes walk from the building
- Great transport links
- It is mid-terrace with the parade comprising of other mixed use properties with various independent traders along the road
Executive Summary
The property comprises of a ground floor commercial unit recently let for £16,000 per annum, on a new 5yr FRI lease from June 2025 with break and open market review end of year 3.
The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.
The residential upper parts are arranged as a six bedroom student accommodation, currently let for £3,770pcm. Providing a total income for the property of £61,240 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,184 SF
Building Class
B
Year Built
1910
Price
$1,389,520 CAD
Price Per SF
$1,173.58 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.72
Lot Size
0.01 AC
Frontage
12’ on Preston Rd
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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54 Preston Rd
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