This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

23 Preston St

627 SF 100% Leased Retail Building Brighton BN1 2HN $377,270 ($602/SF) 7.55% Cap Rate

Investment Highlights

  • Popular location
  • Freehold investment oppertunity

Executive Summary

Brighton is located 22 miles (35 km) south of Crawley, 22 miles (35 km) west of Eastbourne and 14 miles (22 km) east of Worthing.
Brighton & Hove has a resident population of 289,000.
23 Preston Street is prominently situated on the western side of this popular established restaurant and leisure area a few minutes from the i360 and the seafront.
Nearby occupiers include Wolfox Roastery, Sushi Garden, Bincho, Maggie Mae’s, Kanok Thai, China Garden and The New Club.
Brighton station is 17 mins walk (0.7 miles) via Western Road. Regency Square car park (507 spaces) is 2 minutes walk.
A location plan and street view can be viewed online through Google Maps by typing in the following postcode BN1 2HN.
The property comprises a commercial premises with a basement, trading as a beauty salon. The ground floor is comprised of the beauty salon. At the lower ground, there are two treatment rooms, a store room, a shower & W.C.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
627 SF
Building Class
B
Year Built
1900
Price
$377,270
Price Per SF
$602
Cap Rate
7.55%
NOI
$28,478
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Frontage
17 FT on Preston St

Amenities

  • Signage
  • Storage Space

Nearby Major Retailers

Kokoro
Sainsbury's Local
Santander
Caffe Nero
Starbucks
Costa Coffee
Pret a Manger
Metro Bank
YMCA
Coffee Republic
  • Listing ID: 33433833

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 23 Preston St, Brighton BN1 2HN

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}