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South Street, Portslade, BN41

Sold STC

A freehold mixed-use investment comprising a ground floor shop let at £6,500pa with a vacant first floor 1 bedroom flat. Planning consent has been approved for a two storey side extension to provide a 1 bedroom house with garden and off-road parking under planning application number BH2020/02560. The property is situated in the centre of Portslade Village which is undergoing considerable investment from the development of the former brewery building. This is a great opportunity to purchase a mixed-use investment with potential to add value through the approved planning permission.

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£300,000 Guide Price
A freehold mixed-use investment comprising a ground floor shop let at £6,500pa with a vacant first floor 1 bedroom flat. Planning consent has been approved for a two storey side extension to provide a 1 bedroom house with garden and off-road parking under planning application number BH2020/02560. T...

£300,000

At a glance
  • Freehold
  • Vacant first floor flat
  • Planning approved for 1 bed house
  • Shop let at £6,500pa
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  • Floorplan
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Property Features

  • Freehold
  • Vacant first floor flat
  • Planning approved for 1 bed house
  • Shop let at £6,500pa

Property Summary

A freehold mixed-use investment comprising a ground floor shop let at £6,500pa with a vacant first floor 1 bedroom flat. Planning consent has been approved for a two storey side extension to provide a 1 bedroom house with garden and off-road parking under planning application number BH2020/02560. The property is situated in the centre of Portslade Village which is undergoing considerable investment from the development of the former brewery building. This is a great opportunity to purchase a mixed-use investment with potential to add value through the approved planning permission.

Full Details

A freehold mixed-use investment comprising a ground floor shop let at £6,500pa with a vacant first floor 1 bedroom flat. Planning consent has been approved for a two storey side extension to provide a 1 bedroom house with garden and off-road parking under planning application number BH2020/02560. The property is situated in the centre pf Portslade Village which is undergoing considerable investment from the development of the former brewery building. This is a great opportunity to purchase a mixed-use investment with potential to add value through the approved planning permission.

The shop is let on a 5 year lease from February 2020 at a rent of £6,500pa. The first floor flat is currently vacant however, in our opinion, would let for £950pcm after some refurbishment. The new build 1 bedroom house would let for £1,150pcm, providing a total rent of £31,700pa once the project is complete.

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