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32A-33A Preston St

1,387 SF 100% Leased Retail Building Brighton BN1 2HP $1,338,700 ($965/SF) 6% Cap Rate

Executive Summary

32-33 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 2HP.
The property comprises a restaurant with three self-contained flats. The ground floor comprises the restaurant and kitchen to rear, with 50 covers. At the lower ground there is a small office with two customer W.C and staff room. There is an adjacent basement store with
external access from Little Preston Street. The first and second floors comprise two one-bed flats and one two-bed flat.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,387 SF
Building Class
B
Year Built
1900
Price
$1,338,700
Price Per SF
$965
Cap Rate
6%
NOI
$80,322
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
27 FT on Preston St

Amenities

  • Signage

Nearby Major Retailers

Kokoro
Sainsbury's Local
Santander
Caffe Nero
Starbucks
Costa Coffee
Pret a Manger
Metro Bank
YMCA
Coffee Republic
  • Listing ID: 33458477

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 32A-33A Preston St, Brighton BN1 2HP

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